NOT LISTED FOR SALE

7300 S 78th Ave Bridgeview, IL 60455

8 Beds
8 Baths
-- Sq Ft
1969 Built

Last Sold May 05, 2022

Last sale price $588,000

24 Days on Market

About This Home

As of May 2022

COME CHECK OUT THIS STRONG INCOME PRODUCER WITH ROOM TO INCREASE RENTS AND ADD-ON-VALUE! 8-UNIT BUILDING HAS BEEN WELL MAINTAINED BY CURRENT OWNERS AND 4 UNITS HAVE ALREADY BEEN UPDATED! RENTS ARE WELL BELOW MARKET VALUE AND TENANTS PAY ELECTRIC! OWNED COIN-OP LAUNDRY ADDS ADDITIONAL INCOME. ALL TENANTS LONG TERM AND ALL LEASES MONTH TO MONTH. BUILDING TRULY IS ARMCHAIR INVESTMENT! CONTACT LISTING AGENT FOR FINANCIALS. PLEASE ALLOW MINIMUM 24 HRS NOTICE FOR ALL SHOWING REQUESTS. LA MUST ACCOMPANY - SCHEDULE TODAY!

Last Agent to Sell the Property

Robert Fleckenstein

First In Realty, Inc. License #475168443 Listed on: 02/26/2022

Last Buyer's Agent

Robert Fleckenstein

First In Realty, Inc. License #475168443 Listed on: 02/26/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $19,333

Year Built

  • Built in 1969

Home Design

  • Brick Exterior Construction
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Radiant Heating System

Additional Features

  • 2-Story Property
  • Lot Dimensions are 68 x 135

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 8 Units

Building Details

  • Operating Expense $35,833
  • Gross Income $73,800
  • Net Operating Income $39,767

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$19,333

Year Built

Built in 1969

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Other
  • Stories: 2
  • Year Built: 1969
  • Built Before 1978 (Y/N): Yes
  • Information: List Broker Must Accompany
  • Estimated Age: Older
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 8
  • Total Bedrooms: 8
  • Fireplaces: 1
  • Refrigerators: 8
  • Ranges: 8
  • Number of Washers: 1
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • Foundation Details: Concrete Perimeter
  • Exterior Building Type: Brick
  • Misc Outside: Balcony/ies

Utilities

  • Cooling: Wall Sleeve
  • Electric: Circuit Breakers
  • Heat/Ventilation: Radiant
  • Leased Washer Dryer YN: No

Condo/Co-op/Association

  • Conversion YN: N

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 68 X 135
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 8

Multi Family

  • Net Operating Income: 39767
  • GrossIncome: 73800
  • NumberOfUnitsTotal: 8
  • OperatingExpense: 35833
  • Type Multi-Family: Other

Tax Info

  • Tax Annual Amount: 19333
  • Tax Year: 2020
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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
05/05/2022 05/05/22 Sold $588,000 -9.5% --
03/24/2022 03/24/22 Pending -- -- --
02/27/2022 02/27/22 For Sale $649,900 -- --
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 $16,992 $49,245 $4,070 $45,175
2024 $16,992 $49,245 $4,070 $45,175
2023 $20,701 $49,245 $4,070 $45,175
2022 $20,701 $51,787 $6,331 $45,456
2021 $19,967 $51,785 $6,330 $45,455
2020 $19,333 $51,785 $6,330 $45,455
2019 $15,599 $37,850 $4,974 $32,876
2018 $14,907 $37,850 $4,974 $32,876
2017 $14,608 $37,850 $4,974 $32,876
2016 $13,452 $32,848 $4,069 $28,779
2015 $12,739 $32,848 $4,069 $28,779
2014 $12,315 $32,848 $4,069 $28,779
2013 $11,199 $32,848 $4,069 $28,779
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11333947

Midwest Real Estate Data (MRED)