7929 Lincoln Avenue, Skokie, IL 60077
Cook County
Key Facts
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!
Property Information
Property Type
Commercial Sale
Sub-Type
Mixed Use
Year Built
1956
Stories
1
Living Area
2,815 sq ft
Lot Size
6,250 sq ft
Lot Dimensions
50X125
Zoning
COMMR
Days on Market
7
MLS® Listing#
12691261
Property Features
Cooling
Construction
Foundation
Financial Details
Annual Taxes
$32,058
Tax year 2023
Parcel Number
10282000520000
Directions
Oakton, South on Lincoln to 7929
Affordability Calculator
$110,000
Estimated monthly payment
$2,927/mo
Principal $440,000 · Est. interest $613,839 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Skokie, IL
- $453,846
- Median Listing Price
- 30
- Median Days on Market
- 1,623
- Median Sq Ft
- $260
- Median Price / Sq Ft
- 80
- Active Listings
- This home’s price is 21% above the area median.
- Its price per sq ft is 25% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Skokie, IL.
Location
Points of Interest in Skokie, IL
Showing the Skokie area map.
Nearby Schools
Lincoln Junior High School
Secondary · 0.1 mi away
British Infant School
Elementary · 0.1 mi away
St Paul Lutheran Academy
School · 0.1 mi away
St Peter Elementary School
Elementary · 0.3 mi away
Madison Elementary School
Elementary · 0.5 mi away
Skokie School District Administrative Office
School · 0.5 mi away
Cheder Lubavitch Hebrew Day School
School · 0.5 mi away
Thomas Edison Elementary School
Elementary · 0.6 mi away
Skokie School District 69
School · 0.6 mi away
Little People Montessori
Elementary · 0.7 mi away
Ombudsman Educational Services
Elementary · 0.7 mi away
United Open Bible Missions
Elementary · 0.7 mi away
Hebrew Seminary
School · 0.8 mi away
Arie Crown Hebrew Day School
School · 0.8 mi away
Niles West High School
Secondary · 0.9 mi away
Mozaic
School · 0.9 mi away
Niles Township High School District 219
Secondary · 0.9 mi away
Niles Central
Secondary · 0.9 mi away
Hillel Torah North Suburban Day School
School · 1.0 mi away
Rabbi Oscar Fasman Yeshiva high school
Secondary · 1.0 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 4953 Oakton Street 608, Skokie, IL | $385,000 | 2 | 2 | 1,873 |
| 7450 N Lincoln Avenue 204, Skokie, IL | $387,000 | 3 | 2 | 1,800 |
| 7810 Kilbourn Avenue, Skokie, IL | $399,000 | 2 | 2 | 1,253 |
| 8211 Lawndale Avenue, Skokie, IL | $409,000 | 3 | 2 | 1,406 |
| 9715 Woods Drive 1403, Skokie, IL | $415,000 | 2 | 2 | 1,250 |
| 7410 Lincoln Avenue B, Skokie, IL | $419,500 | 2 | 2 | 1,531 |
Moving Cost Estimate
EXIT Agents in Skokie
Listing Courtesy: Northwest Real Estate Group - 7733290377
Last Updated: 2026-07-01