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$799,900 Contingent
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Property Description
This is an absolute rare-find triplex located on a beautiful tree-lined residential street. Offering over 4,200 square feet across three fully self-contained units, this highly updated property presents an exceptional opportunity for both investors and owner-occupants. The first and second floors each feature spacious 3-bedroom, 2-bath layouts with full kitchens and private living spaces. The lower level offers an additional 2-bedroom, 2-bath apartment, providing tremendous flexibility and income potential. Outside, enjoy a charming courtyard area, plus an incredible combination of a 2-car attached garage and an additional 1-car attached garage accessed from the alley-an uncommon amenity for a multi-family property. All three units are currently occupied by related family members, but the possibilities are endless. Whether you're looking to maximize rental income, create a multigenerational living arrangement, or add a turnkey asset to your portfolio, this meticulously maintained and updated triplex is truly one of a kind. Property is being shown by appointment and each occupant does need proper notice to be able to view the entire building. This property does require a 1 lender short sale however, all the heavy lifting related to the short sale including the application, review, lender value have all been completed. Lender is now considering reasonable offers. Do not allow the short sale to deter you as this is not your typical short sale.
Full Property Details
Full Property Details for 7941 Karlov Ave
General
- Price: $799,900
- Taxes: $17,929 (2023)
- Status: Contingent
- Type: Multi-Family
- Source: MRED
- MLS ID: 12682834
- Updated: 6/27/2026
- Added to Site: 22 day(s) ago
Interior
- Basement: Finished, F
Rooms
Bathrooms
- Total Bathrooms: 5
- Upper - Full Baths: 5
Bedrooms
- Total Bedrooms: 8
Additional Information
- Other Features: School Bus Service
Parking
- Garage: Yes
- Attached garage: Yes
- Garage Spaces: 3
- Total Spaces: 3
- Parking Features: Yes, Attached, Garage
Location
- Area: Skokie
- County: Cook
- Township: Niles
- Driving Directions: 1 block south of Oakton on Karlov
School Information
- School District: 68
- Elem School District: 68
- Midd School District: 68
- High School District: 219
Heating & Cooling
- Heating Type: Natural Gas
Utilities
- Sewer: Public Sewer, Storm Sewer
- Water: Lake Michigan
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Basement: Yes
- Basement Desc.: Finished, Full
- Year Built: 1958
- Built Before 1978: Yes
Unit Information
- Units in Building: 2
Lot Features
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 62 x 123
Financial Considerations
- Assessment Year: 1958
- Tax Amount: $17,929
- Tax Year: 2023
- Pays Sewer: Public Sewer, Storm Sewer
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: Short Sale
- Property ID: 10272060470000
Listed by HomeSmart Realty Group
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Schools
Schools serving 7941 Karlov Ave
School Districts:Skokie School District 73-5, Niles Township Community High School District 219
| Name | Grades | Distance |
|---|---|---|
Elizabeth Meyer School 8100 Tripp Avenue, Skokie, IL 60076 | PK-K | 0.3 mi |
John Middleton Elementary School 8300 Saint Louis Avenue, Skokie, IL 60076 | 1-5 | 0.9 mi |
Oliver Mccracken Middle School 8000 East Prairie Road, Skokie, IL 60076 | 6-8 | 0.2 mi |
Niles North High School 9800 Lawler Avenue, Skokie, IL 60077 | 9-12 | 2.6 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 7941 Karlov Ave
Date
Details
Price
Change
Source
6/19/2026
Listed
$799,900
27.58%
MLS
12/05/2006
Sold
$627,000
—
Public Record
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 7941 Karlov Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$17,929
—
$73,000
18%
2023
$17,929
2%
$61,999
—
2022
$17,625
12%
$61,999
31%
2021
$15,749
4%
$47,185
—
2020
$15,142
-3%
$47,185
-13%
2019
$15,565
-6%
$54,236
8%
2018
$16,595
-1%
$50,339
—
2017
$16,705
4%
$50,339
—
2016
$15,991
4%
$50,339
13%
2015
$15,359
2%
$44,602
—
2014
$15,042
1%
$44,602
—
2013
$14,958
10%
$44,602
1%
2012
$13,651
—
$44,187
—
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 7941 Karlov Ave
7941 Karlov Avenue, Skokie, IL 60076 (MLS# 12682834) is a Multi-Family property with 2 units containing 8 bedrooms and 0 full bathrooms. 7941 Karlov Avenue is currently listed for $799,900 and was received on June 19, 2026. Want to learn more about 7941 Karlov Avenue? Do you have questions about finding other Multi-Family real estate for sale in Skokie? You can browse all Skokie real estate or contact a Coldwell Banker agent to request more information.

