NOT LISTED FOR SALE

7016 Oconnell Dr Chicago Ridge, IL 60415

11 Beds
6 Baths
6,078 Sq Ft
7,841 Sq Ft Lot

Last Sold January 10, 2017

Last sale price $392,000 $64 Per Sq Ft

41 Days on Market

About This Home

As of January 2017

A GREAT INVESTMENT OPPORTUNITY. VERY EASY TO RENT IN THIS HIGHLY SOUGHT AFTER AREA. NEAR SCHOOLS, PARKS, SHOPPING, AND HIGHWAYS. MOTIVATED SELLER.

Last Agent to Sell the Property

Maha Joudeh

The Joudeh Group License #471022550 Listed on: 10/09/2016

Last Buyer's Agent

Hasmukh Kothari

KMS Realty, Inc. License #471006066

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,480

Year Built

  • Built in 1970

Lot Details

  • 7,956 Sq Ft Lot

Parking

  • 6 to 12 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Pitched Roof
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 6,078 Sq Ft Home
  • 3-Story Property

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 6 Bathrooms

Utilities

  • Window Unit Cooling System
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $500
  • Fuel Expense $4,800
  • Insurance Expense $2,000
  • Trash Expense $700
  • Water Sewer Expense $1,500
  • Operating Expense $22,000
  • Gross Income $57,000
  • Net Operating Income $57,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,480

Year Built

Built in 1970

Lot Details

7,956 Sq Ft Lot

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Other
  • Stories: 3
  • Year Built: 1970
  • Built Before 1978 (Y/N): Yes
  • Information: Listing Agent Must Accompany
  • Estimated Age: 36-50 Years
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 6
  • Total Bedrooms: 11
  • Fireplaces: 1
  • Refrigerators: 6
  • Number of Washers: 1
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • Foundation Details: Concrete Perimeter
  • Roof: Composition
  • Exterior Building Type: Brick
  • Roof Structure: Pitched

Garage/Parking

  • Outdoor Parking: 6-12 Spaces

Utilities

  • Cooling: Window Unit(s)
  • Electric: Circuit Breakers
  • Heat/Ventilation: Gas

Fee Information

  • Trash Expense: 700
  • Water Sewer Expenses: 1500

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.18
  • Lot Dimensions: 0.18
  • Lot Size Sq Ft: 7956
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 8

Building Info

  • BuildingAreaTotal: 6078

Multi Family

  • Net Operating Income: 57000
  • Fuel Expense: 4800
  • Insurance Expense: 2000
  • ElectricExpense: 500
  • GrossIncome: 57000
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 22000
  • Type Multi-Family: Other

Tax Info

  • Tax Annual Amount: 13480
  • Tax Year: 2014
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/10/2017 01/10/17 Sold $392,000 -8.6% $64 / Sq Ft
11/19/2016 11/19/16 Pending -- -- --
10/09/2016 10/09/16 For Sale $429,000 -- $71 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $19,602 $58,001 $4,973 $53,028
2024 $19,602 $58,001 $4,973 $53,028
2023 $17,073 $58,001 $4,973 $53,028
2022 $17,073 $43,174 $4,376 $38,798
2021 $16,303 $43,173 $4,375 $38,798
2020 $14,553 $39,200 $4,375 $34,825
2019 $14,434 $39,200 $3,978 $35,222
2018 $13,802 $39,200 $3,978 $35,222
2017 $12,785 $39,200 $3,978 $35,222
2016 $14,000 $39,357 $3,381 $35,976
2015 $13,717 $39,357 $3,381 $35,976
2014 $13,481 $39,357 $3,381 $35,976
2013 $13,097 $41,695 $3,381 $38,314
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 09362832

Midwest Real Estate Data (MRED)
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