NOT LISTED FOR SALE

7050 W 87th St Bridgeview, IL 60455

18 Beds
12 Baths
-- Sq Ft
0.42 Acres

Last Sold November 01, 2023

Last sale price $1,395,000

38 Days on Market

About This Home

As of November 2023

The property is located very close to stores and transportation. There is 6 1-bedroom apartments and 6 2-bedroom apartments. Each apartment has new stove and new refrigerator. All new balcony doors. New boiler. Partial basement with laundry and storage units. Roof is 6 years old. Tenants enjoy ample parking and on-site laundry. Washer and dryer brings in additional income. Most of the tenants have been there multiple years.

Last Agent to Sell the Property

John Ligas

Housecenter Realty,Inc. License #471011917 Listed on: 08/16/2023

Last Buyer's Agent

Gloria Nowaczyk

Century 21 Circle License #471011353

Century 21 Circle

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $34,586

Year Built

  • Built in 1964

Lot Details

  • 0.42 Acre Lot
  • Lot Dimensions are 90x181.8x132.6x49.4x42.7x132.7

Parking

  • 13 to 18 Parking Spaces

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 3-Story Property

Bedrooms and Bathrooms

  • 18 Bedrooms
  • 12 Bathrooms

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Hot Water Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 12 Units

Building Details

  • Electric Expense $616
  • Fuel Expense $9,059
  • Insurance Expense $4,882
  • Trash Expense $2,033
  • Water Sewer Expense $4,677
  • Operating Expense $55,793
  • Gross Income $15,300
  • Net Operating Income $118,327

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$34,586

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Corridor-Interior Entrance
  • Stories: 3
  • Year Built: 1964
  • Built Before 1978 (Y/N): Yes
  • Information: None
  • Estimated Age: Older
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 12
  • Total Bedrooms: 18
  • Possible Use: Multi-Family
  • Fireplaces: 1
  • Drive-In Doors: 0
  • Dishwashers: 0
  • Refrigerators: 12
  • Ranges: 12
  • Number of Washers: 1
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • Frontage Type: Public Road
  • Exterior Building Type: Brick
  • Misc Outside: Courtyard

Garage/Parking

  • Outdoor Parking: 13-18 Spaces

Utilities

  • Cooling: Wall Sleeve
  • Heat/Ventilation: Gas,Hot Water

Fee Information

  • Trash Expense: 2033
  • Water Sewer Expenses: 4677

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.42
  • Lot Dimensions: 90X181.8X132.6X49.4X42.7X132.7
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 10

Multi Family

  • Net Operating Income: 118327
  • Fuel Expense: 9059
  • Insurance Expense: 4882
  • ElectricExpense: 616
  • GrossIncome: 15300
  • NumberOfUnitsTotal: 12
  • OperatingExpense: 55793
  • Type Multi-Family: Corridor-Interior Entrance

Tax Info

  • Tax Annual Amount: 34586.3
  • Tax Year: 2021
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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
11/01/2023 11/01/23 Sold $1,395,000 -3.7% --
09/24/2023 09/24/23 Pending -- -- --
09/13/2023 09/13/23 For Sale $1,449,000 0.0% --
09/05/2023 09/05/23 Pending -- -- --
08/16/2023 08/16/23 For Sale $1,449,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

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 $38,619 $109,014 $20,315 $88,699
2024 $38,619 $109,014 $20,315 $88,699
2023 $35,952 $109,014 $20,315 $88,699
2022 $35,952 $83,601 $20,315 $63,286
2021 $34,586 $83,600 $20,314 $63,286
2020 $33,574 $83,600 $20,314 $63,286
2019 $23,025 $55,548 $16,621 $38,927
2018 $22,400 $55,548 $16,621 $38,927
2017 $21,569 $55,548 $16,621 $38,927
2016 $22,222 $54,517 $15,697 $38,820
2015 $20,799 $54,517 $15,697 $38,820
2014 $19,983 $54,517 $15,697 $38,820
2013 $17,732 $53,350 $15,697 $37,653
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11861575

Midwest Real Estate Data (MRED)