7157 S Eberhart Ave Chicago, IL 60619
Park Manor NeighborhoodEstimated payment $2,289/month
About This Home
9.7% In-Place Cap Rate with potential to increase current below market rents. Gross Income $82.464. All brick 8 unit in Grand Crossing neighborhood. Less than block away from the 71st & Eberhart bus stop, blocks away from Chicago's 69th train stop, this property sits between the I-94 Express and I-90 interstate which both provide for quick and convenient transportation. This 8 unit has a unique unit mix of apartments and is comprised of two 3Bd/2Ba units, two 2Bd/1Ba unit, and four 0/1Ba studios. All have hardwood flooring throughout with an open style concept. This property has been well kept and is ready for its next investor or owner occupant. Property is being sold As-Is.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,769
Year Built
- Built in 1927
Lot Details
- 6,098 Sq Ft Lot
- Lot Dimensions are 50' x 124'
Interior Spaces
- 2-Story Property
Utilities
- No Cooling
- Central Heating
- Radiator
Community Details
Overview
- 8 Units
Building Details
- Electric Expense $780
- Fuel Expense $2,616
- Trash Expense $1,980
- Water Sewer Expense $4,740
- Operating Expense $10,116
- Gross Income $82,464
- Net Operating Income $72,348
Map
Home Values in the Area
Average Home Value in this Area
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 | $3,376 | $40,800 | $5,535 | $35,265 |
| 2024 | $3,376 | $40,800 | $5,535 | $35,265 |
| 2023 | $3,291 | $16,001 | $7,688 | $8,313 |
| 2022 | $3,291 | $16,001 | $7,688 | $8,313 |
| 2021 | $3,217 | $15,999 | $7,687 | $8,312 |
| 2020 | $4,249 | $19,075 | $7,687 | $11,388 |
| 2019 | $4,355 | $21,677 | $7,687 | $13,990 |
| 2018 | $4,282 | $21,677 | $7,687 | $13,990 |
| 2017 | $5,446 | $25,300 | $6,765 | $18,535 |
| 2016 | $5,907 | $29,493 | $6,765 | $22,728 |
| 2015 | $5,404 | $29,493 | $6,765 | $22,728 |
| 2014 | $5,924 | $31,926 | $5,535 | $26,391 |
| 2013 | $5,807 | $31,926 | $5,535 | $26,391 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 09/08/2025 09/08/25 | Pending | -- | -- | -- | |
| 07/31/2025 07/31/25 | Price Changed | $410,000 | -8.9% | -- | |
| 05/06/2025 05/06/25 | For Sale | $450,000 | 0.0% | -- | |
| 02/25/2025 02/25/25 | Off Market | $450,000 | -- | -- | |
| 01/02/2025 01/02/25 | For Sale | $450,000 | 0.0% | -- | |
| 12/31/2024 12/31/24 | Off Market | $450,000 | -- | -- | |
| 10/21/2024 10/21/24 | Price Changed | $450,000 | -14.3% | -- | |
| 07/10/2024 07/10/24 | Price Changed | $525,000 | -29.5% | -- | |
| 05/24/2024 05/24/24 | For Sale | $745,000 | +93.5% | -- | |
| 07/22/2021 07/22/21 | Sold | $385,000 | +1.3% | -- | View Prior Sale |
| 06/16/2021 06/16/21 | Pending | -- | -- | -- | |
| 05/14/2021 05/14/21 | Price Changed | $380,000 | -5.0% | -- | |
| 05/04/2021 05/04/21 | For Sale | $400,000 | +3.9% | -- | |
| 04/24/2021 04/24/21 | Off Market | $385,000 | -- | -- | |
| 03/02/2021 03/02/21 | For Sale | $400,000 | 0.0% | -- | |
| 12/07/2020 12/07/20 | Pending | -- | -- | -- | |
| 10/26/2020 10/26/20 | For Sale | $400,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12064733
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