NOT LISTED FOR SALE

7318 W 80th St Bridgeview, IL 60455

8 Beds
5 Baths
-- Sq Ft
7,841 Sq Ft Lot

Last Sold June 07, 2024

Last sale price $570,000

8 Days on Market

Highlights

  • First Floor Utility Room
  • Ceiling Fan
  • Satellite Dish
  • Argo Community High School Rated A-

About This Home

As of June 2024

Welcome to this charming 4-flat nestled in a prime location, offering both lucrative rental income and unparalleled convenience.This property boasts a fantastic location with easy access to amenities, transportation, and entertainment options. Each unit is well-maintained, all windows replaced within the last 5 years and also newer driveway. Owner has done amazing job maintaining this building One of the highlights of this property is its exceptional rental income potential. With four units generating steady cash flow, this investment promises a lucrative return. Whether you're an experienced investor or a first-time landlord, this property offers a solid opportunity. Beyond its financial appeal, this 4-flat also offers the allure of their surroundings. Step outside, and you'll find yourself in the heart of a vibrant community, teeming with restaurants, cafes, shops, and entertainment venues residents can enjoy. Heat included in rent, Coin laundry on site, extra storage for occupants. Ample parking 9 spaces, it's sure to attract discerning tenants looking for both comfort and convenience. Multiple offers received, highest and best by Monday May 6th noon.

Last Agent to Sell the Property

Lucy Masso-Garcia

Remax Future License #475132961 Listed on: 05/01/2024

Last Buyer's Agent

Lucy Masso-Garcia

Remax Future License #475132961 Listed on: 05/01/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,650

Year Built

  • Built in 1973

Lot Details

  • 7,841 Sq Ft Lot
  • Lot Dimensions are 92x87

Home Design

  • Brick Exterior Construction
  • Asphalt Roof

Interior Spaces

  • Ceiling Fan
  • First Floor Utility Room

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Potential Bedrooms
  • 5 Bathrooms

Basement

  • Sump Pump
  • Crawl Space

Parking

  • 9 Open Parking Spaces
  • 9 Parking Spaces

Utilities

  • Heat Pump System
  • Heating System Uses Natural Gas
  • Lake Michigan Water
  • Satellite Dish
  • Cable TV Available
  • TV Antenna

Community Details

Overview

  • 4 Units

Building Details

  • Insurance Expense $3,000
  • Trash Expense $825
  • Water Sewer Expense $4,200
  • Gross Income $52,200
  • Net Operating Income $36,450

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,650

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Other
  • New Construction: No
  • Year Built: 1973
  • Age: 51-60 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Total Bathrooms: 5
  • Total Bedrooms: 8
  • Other Equipment: TV-Cable, TV-Dish, TV Antenna, Ceiling Fan(s), Sump Pump
  • Room Type: Utility Room-1st Floor
  • Basement Description: Crawl
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0

Exterior Features

  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • OpenParkingSpaces: 9
  • ParkingTotal: 9
  • Parking: Space/s
  • Parking On-Site: Yes

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Heat Pump
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Community Features: Curbs

Fee Information

  • Trash Expense: 825
  • Water Sewer Expenses: 4200

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.18
  • Lot Dimensions: 92X87
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10

Multi Family

  • Net Operating Income: 36450
  • Insurance Expense: 3000
  • GrossIncome: 52200
  • Units in Building: 4
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 4 Flat

Tax Info

  • Tax Annual Amount: 13650.17
  • Tax Year: 2022
  • Tax Exemptions: None
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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
06/07/2024 06/07/24 Sold $570,000 -6.4% --
05/10/2024 05/10/24 Pending -- -- --
05/01/2024 05/01/24 For Sale $609,000 -- --
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 $14,793 $42,870 $3,605 $39,265
2024 $14,793 $42,870 $3,605 $39,265
2023 $13,650 $42,870 $3,605 $39,265
2022 $13,650 $34,146 $3,204 $30,942
2021 $13,166 $34,146 $3,204 $30,942
2020 $12,748 $34,146 $3,204 $30,942
2019 $12,944 $31,409 $3,003 $28,406
2018 $12,370 $31,409 $3,003 $28,406
2017 $12,122 $31,409 $3,003 $28,406
2016 $9,636 $23,531 $2,603 $20,928
2015 $9,126 $23,531 $2,603 $20,928
2014 $9,649 $25,737 $2,603 $23,134
2013 $10,390 $30,476 $2,603 $27,873
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12043735

Midwest Real Estate Data (MRED)