7929 Lincoln Avenue,Skokie, IL 60077
Skokie, IL 60077
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!
Details
| MLS # | 12691261 |
|---|---|
| Listing Type | For Sale |
| Style | Mixed Use |
| Sub-Type | Resale |
| Status | Active |
| Year | 1956 |
| Days On Site | 100 |
| Listing Provided By | Northwest Real Estate Group | Dan Kieres |
Features
| SQ Feet | 2,815 |
|---|---|
| Story(s) | 1 |
| Units | 2 |
| Zoning | COMMR |
Interior
| Cooling | Central Air |
|---|
Exterior
| Foundation Details | Concrete Perimeter |
|---|---|
| Construction Materials | Brick |
Utilities
| Electric | Circuit Breakers, Service - 0 to 100 Amps, Service - 101 to 200 Amps |
|---|
Taxes
| Tax Year | 2023 |
|---|---|
| Tax Annual Amount | 32058 |
Area Information
| State | IL |
|---|---|
| County | Cook |
| City | Skokie |
| Zip Code | 60077 |
| Area | Skokie |
| Listing VS Median (in 60077) | |
Price: $525,000 low | high Med: $349,000 sqft: 2,815 low | high Med: 1,542 $ / sqft: $187 low | high Med: $226 On site: 100 low | high Med: 81 | |
Market Activity 60077
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Learn More About This Property
| State | IL |
|---|---|
| County | Cook |
| City | Skokie |
| Zip Code | 60077 |
| Area | Skokie |
| Listing VS Median (in 60077) | |
Price: $525,000 low | high Med: $349,000 sqft: 2,815 low | high Med: 1,542 $ / sqft: $187 low | high Med: $226 On site: 100 low | high Med: 81 | |