7941 Karlov Avenue, Skokie, IL 60076
- Added:
- Jun 19, 2026
- Days on Market:
- 7
- Last Refresh:
- Jun 25 at 8:06 am
Property Features for 7941 Karlov Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 8
- Bathrooms
- 5
- Rooms
- Bedroom 1, Bathroom 5, Bedroom 3, Bedroom 5, Bedroom 7, Bedroom 6, Bedroom 8, Bathroom 1, Bathroom 3, Basement, Bathroom 2, Bedroom 2, Bathroom 4, Bedroom 4
- Parking
- 3
- Parking features
- Garage
- Basement
- Finished, Full
- Standard status
- Active
- APN
- 10272060470000
Taxes and HOA fees
- Tax Year
- 2023
- Tax Annual Amount
- 17929
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas
Building Details
- Year built
- 1958
- Building materials
- Brick
Listing agent Bert Gor License #475143640 (708) 710-3828
Listing office HomeSmart Realty Group 651 N. Washington St. Suite, Orland Park, IL (630) 578-0002
Listing date Jun 19, 2026
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Triplex with over 4,200 SF across three fully self‑contained units on a tree‑lined residential street
- First and second floors feature 3‑bedroom, 2‑bath layouts with full kitchens and private living spaces
- Lower level includes a 2‑bedroom, 2‑bath apartment
- 2‑car attached garage plus an additional 1‑car attached garage accessed from the alley
- Courtyard area outdoors; brick construction; natural gas heating; public sewer
- Short sale: lender value and required application/review steps completed; lender is now considering reasonable offers
Overview
The property is located on a tree-lined residential street. All three units are currently occupied by related family members, and showings require proper notice to view the entire building. The listing is for sale, and the property is being shown by appointment only.
A practical fit for tenants and buyers is the ability to live in one unit while operating the other two as separate, self-contained residences. The configuration supports a range of use scenarios, including multigenerational living or an income-focused approach. This sale requires a 1-lender short sale; the related application, review, and lender valuation work has been completed, and the lender is now considering reasonable offers.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $84.2k | $20.04 |
| − Vacancy | −$6.3k | −$1.50 |
| EGI | $77.9k | $18.54 |
| − OpEx | −$23.4k | −$5.56 |
| NOI | $54.5k | $12.98 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Skokie
- County
- Cook
- State
- Illinois
- Longitude
- -87.730271
- Latitude
- 42.025649
