NOT LISTED FOR SALE

7050 W 87th St Bridgeview, IL 60455

18 Beds
12 Baths
-- Sq Ft
0.42 Acre Lot

Sale Details

Date Sold: November 1, 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

  • 18,295 Sq Ft 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

0.42 Acres

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11861575

Midwest Real Estate Data (MRED)
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