Seller's Agent in 2022
Andrew Gagliardo
Compass
(708) 456-6965
40 in this area
103 Total Sales
7221 Thomas St River Forest, IL 60305
16
Beds
8
Baths
--
Sq Ft
1945
Built
Highlights
- Corner Lot
- Willard Elementary School Rated A
- Hot Water Heating System
About This Home
As of March 20221037 Bonnie Brae to be sold with 7221 Thomas as a package. This is a rare opportunity to own 10 units in River Forest. The buildings are in need of repair. They offer great potential and are a 1/2 block walk to bus stops on Harlem. 1037 Bonnie Brae consists of 2 side by side 3 bedroom 1 1/2 bath brick townhomes with separate basements for storage and laundry. 2 car detached garage and additional outside parking spots and patio. 7221 Thomas consists of an 8 unit apartment building. All units are 2 bedroom and 1 bath. 1 is are larger than the other 7. All units have storage access in the basement. There are 8 outside parking spaces. The buildings are being sold "as is". It can also be a possible redevelopment site. Please look under additional information for the rent rolls and the projected Income and Expense figures.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $29,560
Year Built
- Built in 1945
Parking
- 6 to 12 Parking Spaces
Home Design
- Brick Exterior Construction
Interior Spaces
- 2-Story Property
Bedrooms and Bathrooms
- 16 Bedrooms
- 8 Bathrooms
Lot Details
- Lot Dimensions are 55 x 184
- Corner Lot
Utilities
- Window Unit Cooling System
- Hot Water Heating System
- Heating System Uses Gas
Listing and Financial Details
- Tenant pays for electricity, heat, water, hot water
Community Details
Overview
- 8 Units
Building Details
- Maintenance Expense $15,000
- Operating Expense $49,955
- Gross Income $134,100
- Net Operating Income $84,145
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/30/2022 03/30/22 | Sold | $780,395 | -54.0% | -- |
| 02/18/2022 02/18/22 | Pending | -- | -- | -- |
| 02/10/2022 02/10/22 | For Sale | $1,695,000 | -- | -- |
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 | $21,636 | $106,744 | $15,450 | $91,294 |
| 2024 | $21,636 | $106,744 | $15,450 | $91,294 |
| 2023 | $31,414 | $79,036 | $15,450 | $63,586 |
| 2022 | $31,414 | $97,282 | $25,328 | $71,954 |
| 2021 | $28,575 | $91,884 | $25,327 | $66,557 |
| 2020 | $29,560 | $97,280 | $25,327 | $71,953 |
| 2019 | $13,176 | $42,443 | $16,209 | $26,234 |
| 2018 | $12,473 | $42,443 | $16,209 | $26,234 |
| 2017 | $12,429 | $42,443 | $16,209 | $26,234 |
| 2016 | $15,593 | $48,470 | $15,703 | $32,767 |
| 2015 | $15,318 | $48,470 | $15,703 | $32,767 |
| 2014 | $14,031 | $48,470 | $15,703 | $32,767 |
| 2013 | $16,433 | $58,241 | $15,703 | $42,538 |
Source: Public Records
Agents Affiliated with this Home
-
Andrew Gagliardo
-
Mark Solak
M
Buyer's Agent in 2022
Mark Solak
Core Realty & Investments Inc.
(773) 510-5858
4 in this area
17 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11321696
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Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Based on information submitted to the MLS GRID
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