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7941 Karlov Avenue Skokie, IL 60076 Multi Unit - Multiple (Short Sale) - New

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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.

Property Highlights

Property Type: Multi Unit - Multiple

General Information

Bedrooms: 8
Bathrooms: 5
County: Cook
Listed By:
HomeSmart Realty Group 630-578-0002
MRED MLS
$799,900
Est. $5,234/mo
8beds
5baths
3cars
New to the Market (Short Sale) - New
BEDS8 BATHS5 full MLS#12682834
STATUS(Short Sale) - New PROPERTY TYPEMulti Unit - Multiple SCHOOLDistrict 219

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7941 Karlov Avenue , Skokie, IL 60076.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $799,900$799,900$799,900
Down Payment $159,980$27,997$199,975
Monthly Mortgage Amount $3,888$4,836$4,942
Taxes $1113$1113$1113
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$352$0
Monthly Estimated Total $5,234$6,534$6,288

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