$160,000
●
Condo -
Off Market
7316 40th Avenue #2D
Lyons, IL 60534
2 Beds
2 Baths
1,000 Ft²
$169,000
RealtyHop Estimate
0.00%
Since Dec 1, 2023
National-US
Primary Model
About This Property
Take a look at this newly Painted, Clean and Bright, Two Bedroom,
Two Bath Corner Unit! This newer Elevator Building has great views
of the adjacent Forest Preserve. Some of this unit's features are:
Open Concept Living Space, Kitchen Area with an Island, Flexible
Floorplan, Primary Suite with walk-in Closet, In-Unit Washer-Dryer,
Central Air, some newer appliances, Custom Window Treatments, and
Private Balcony. There's More! Two Exterior Assigned Parking Spaces
and storage in basement. Affordable taxes and Pet Friendly building
make this unit the right choice. Convenient location, near
shopping, Interstate, and public transportation. Rarely do you find
all this at an affordable price. Easy to Show.
Unit Size
1,000 Ft²
Days on Market
-
Land Size
-
Price per sqft
$169
Property Type
Condo
Property Taxes
$144
HOA Dues
$308
Year Built
-
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 3 years ago (MRED MLS #11817154)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 3, 2023 | Sold | ||
| Sold | |||
| Jun 26, 2023 | Listed by Coldwell Banker Realty | $169,000 | |
| Listed by Coldwell Banker Realty | |||
Property Highlights
Elevator
Parking Available
Air Conditioning
Parking Details
Total Number of Parking: 2
Parking Features: Assigned, Off Street
Interior Details
Bedrooms: 2
Bathrooms: 2
Full Bathrooms: 2
Interior Features: Elevator, Laundry Hook-Up in Unit, Storage, Walk-In Closet(s), Some Window Treatmnt
Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer
Rooms: 5
Basement: Full
Basement Description: Unfinished
Exterior Details
Ownership: Condo
Exterior Building Type: Brick
Age: 16-20 Years
Rebuilt(Y/N): No
Parcel Number: 18012030471004
Property Type: Residential
Year Built: 2006
No Disability Access
Special Conditions: None
Lot Size Dimensions: COMMON
Water Source: Lake Michigan
Financial Details
Tax Year: 2021
Tax Annual Amount: $1,729
Tax Exemptions: None
Utilities Details
Cooling: Central Air
Heating: Natural Gas, Forced Air
Sewer : Public Sewer
Location Details
Township: Lyons
Corporate Limits: Lyons
Directions: Harlem to 40th west to building
County or Parish: Cook
Elementary School District: 103
Middle Or Junior School District: 103
High School District: 201
Other Details
Association Fee Includes: Water, Insurance, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal
Association Fee: $308
Association Fee Freq: Monthly
Holds Earnest Money: Yes
Some Photos Virtually Staged (Y/N): No
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
02/21/2026
|
2 Bed
|
2 Bath
|
1000 ft²
|
$195,000
2 Bed
2 Bath
1000 ft²
|
$198,000
+1.54%
04/02/2026
|
Joseph Langley
Coldwell Banker Realty
| |
|
07/24/2025
|
2 Bed
|
2 Bath
|
1000 ft²
|
$199,900
2 Bed
2 Bath
1000 ft²
|
$200,000
+0.05%
09/01/2025
|
Josue Duarte
Duarte Realty Company
| |
|
10/18/2024
|
2 Bed
|
2 Bath
|
1000 ft²
|
$179,900
2 Bed
2 Bath
1000 ft²
|
$179,900
11/15/2024
|
Elizabeth Czech
RE/MAX Suburban
| |
|
06/26/2023
|
2 Bed
|
2 Bath
|
1000 ft²
|
$169,000
2 Bed
2 Bath
1000 ft²
|
$160,000
-5.33%
11/03/2023
|
Joseph Langley
Coldwell Banker Realty
| |
|
10/25/2022
|
2 Bed
|
2 Bath
|
1000 ft²
|
$170,000
2 Bed
2 Bath
1000 ft²
|
$164,000
-3.53%
01/05/2023
|
Srdan Sterleman
RE/MAX City
| |
|
03/18/2021
|
2 Bed
|
2 Bath
|
1000 ft²
|
$170,000
2 Bed
2 Bath
1000 ft²
|
$170,000
05/21/2021
|
Jennifer Wadhwa
Jason Mitchell Real Estate IL
| |
|
10/17/2019
|
2 Bed
|
2 Bath
|
700 ft²
|
$120,000
2 Bed
2 Bath
700 ft²
|
-
-
|
-
| |
|
12/27/2007
|
2 Bed
|
2 Bath
|
856 ft²
|
$158,900
2 Bed
2 Bath
856 ft²
|
$151,900
-4.41%
02/27/2008
|
Alfonso Escobar
Century 21 Hallmark Ltd.
| |
|
08/20/2006
|
2 Bed
|
2 Bath
|
-
|
$175,000
2 Bed
2 Bath
|
$169,000
-3.43%
03/29/2007
|
Lori Johnson
Compass
| |
|
06/09/2006
|
2 Bed
|
2 Bath
|
-
|
$177,000
2 Bed
2 Bath
|
$169,000
-4.52%
03/20/2007
|
Anthony Bertuca
Bertuca Realty Group
|
Building Info
About Lyons
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Listed by: Joseph Langley, Coldwell Banker Realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 11817154
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.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Last Updated: 3 years ago
Data Source: MRED, MLS# 11817154
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