This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/39
$550,000
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/39
Property Description
Prime investment opportunity in the heart of Skokie! This exceptionally well-maintained, income-producing two-unit commercial building offers the ideal combination of stable cash flow and long-term upside. Both spaces are occupied by established, long-term tenants, providing immediate, reliable income from day one. Each unit includes dedicated basement storage, while the expansive rear parking lot offers 14 on-site parking spaces-an outstanding amenity for tenants and customers alike. Tenants are responsible for their own utilities and contribute toward the real estate taxes, helping to minimize ownership expenses and maximize returns. Ideally situated in a high-visibility, high-traffic location, the property is surrounded by prominent businesses and community destinations, including Chase Bank, Skokie Theatre, Skokie Public Library, Village Hall, Bank of America, popular restaurants, charming local shops, and established residential neighborhoods. Excellent accessibility to Interstates I-90 and I-94 provides convenient connections throughout the North Shore and Northwest suburbs, downtown Chicago, and O'Hare International Airport. Whether you're expanding your investment portfolio or seeking a property for future owner-occupancy, this turnkey asset delivers dependable income, exceptional location, and outstanding long-term growth potential. HURRY!
Full Property Details
Full Property Details for 7929 Lincoln Ave
General
- Price: $550,000
- Taxes: $32,058 (2023)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12691261
- Updated: 7/7/2026
- Added to Site: 27 day(s) ago
Interior
- Interior Features: Multi-Tenant, Public Restroom(s), Storage Inside, Basement
Additional Information
- Security/Safety: Alarm on Site, Fire Extinguisher(s), Smoke or Fire Protectors, Carbon Monoxide Detector(s)
Location
- Area: Skokie
- County: Cook
- Driving Directions: Oakton, South on Lincoln to 7929
- Location Details: Northwest Suburban
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Central Heat/Individual Controls
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Foundation: Concrete Perimeter
- Stories/Levels: 1
- Square Feet: 2,815
- Current Bldg. Use: Commercial
- # of Stores: 2
- Year Built: 1956
- Built Before 1978: Yes
Unit Information
- # Tenants: 2
Lot Features
- Lot Size (Sq. Ft.): 6,250
- Lot Dimensions: 50 x 125
- Frontage: City Street
- Zoning: COMMR
Financial Considerations
- Lease Price: $21
- Security Deposit: Alarm On Site, Fire Extinguisher/s, Smoke or Fire Protectors, Carbon Monoxide Detector(s)
- Assessment Year: 1956
- Tax Amount: $32,058
- Tax Year: 2023
- Tenant Pays: Air Conditioning, Electricity, Heat, Taxes, Scavenger, Sewer
Disclosures and Reports
- Property ID: 10282000520000
Listed by Northwest Real Estate Group
Get Pre-Approved Today
Get a Great Insurance Rate
Schools
Schools serving 7929 Lincoln Ave
School Districts:Niles Township Community High School District 219, Skokie School District 69
| Name | Grades | Distance |
|---|---|---|
Lincoln Jr High School, Skokie, IL 7839 Lincoln Avenue, Skokie, IL 60077 | 6-8 | 0.1 mi |
Madison Elementary School, Skokie, IL 5100 Madison Street, Skokie, IL 60077 | PK-2 | 0.5 mi |
Thomas Edison Elementary School 8200 Gross Point Road, Morton Grove, IL 60053 | 3-5 | 0.6 mi |
Niles West High School 5701 Oakton Street, Skokie, IL 60077 | 9-12 | 0.9 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 7929 Lincoln Ave
Date
Details
Price
Change
Source
7/01/2026
Listed
$550,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 7929 Lincoln Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$32,058
—
$78,750
-23%
2023
$32,058
—
$102,789
—
2022
$32,042
32%
$102,789
53%
2021
$24,283
1%
$67,052
—
2020
$24,112
12%
$67,052
—
2019
$21,555
28%
$67,052
43%
2018
$16,817
—
$46,974
—
2017
$16,892
6%
$46,974
—
2016
$15,917
-10%
$46,974
-5%
2015
$17,670
2%
$49,485
—
2014
$17,273
-1%
$49,485
—
2013
$17,505
-5%
$49,485
-12%
2012
$18,496
—
$56,413
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 7929 Lincoln Ave
7929 Lincoln Avenue, Skokie, IL 60077 (MLS# 12691261) is a Commercial property. 7929 Lincoln Avenue is currently listed for $550,000 and was received on July 01, 2026. Want to learn more about 7929 Lincoln Avenue? Do you have questions about finding other Commercial real estate for sale in Skokie? You can browse all Skokie real estate or contact a Coldwell Banker agent to request more information.

