$179,900
●
Condo -
Off Market
7316 40th Street #4D
Lyons, IL 60534
2 Beds
2 Baths
1,000 Ft²
$1,507
Est. Monthly
$308
HOA / Fees
10.55%
Cap Rate
About This Property
Absolutely amazing condo so well taken care of by long term owner!
Open and spacious floorplan with excellent natural light flow and
great views of nature from windows and balcony! 2 spacious
bedrooms, 2 full baths , ample closet space, In Unit washer & dryer
(2020), oak kitchen with New refrigerator (2024), Microwave (2020),
central A/C, "Smart" thermostat Truly move in ready home with wood
laminate flooring throughout, recently painted and cleaned . Solid,
well built building in secluded complex surrounded by nature Cermak
Woods Forest Preserve. Conveniently located to main roads and
transportation. 2 assigned covered parking spaces right by main
door perfect for hot Summer & snowy Winter days! Plenty of visitors
parking options. Take a look! Great value here. It won't last long
Unit Size
1,000 Ft²
Days on Market
-
Land Size
-
Price per sqft
$180
Property Type
Condo
Property Taxes
$315
HOA Dues
$308
Year Built
-
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Cap Rate Calculator
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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: 2 years ago (MRED MLS #12191888)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 15, 2024 | Sold | ||
| Sold | |||
| Oct 25, 2024 | In contract | - | |
| In contract | |||
| Oct 18, 2024 | Listed by RE/MAX Suburban | $179,900 | |
| Listed by RE/MAX Suburban | |||
Property Highlights
Elevator
Parking Available
Air Conditioning
Parking Details
Total Number of Parking: 2
Parking Features: Assigned
Interior Details
Bedrooms: 2
Bathrooms: 2
Full Bathrooms: 2
Interior Features: Elevator, Wood Laminate Floors, Laundry Hook-Up in Unit, Storage, Flexicore, Walk-In Closet(s), Open Floorplan
Appliances: Double Oven, Microwave, Dishwasher, Refrigerator, Washer, Dryer
Rooms: 5
Basement: None
Basement Description: None
Exterior Details
Ownership: Condo
Exterior Building Type: Brick
Age: 21-25 Years
Rebuilt(Y/N): No
Parcel Number: 18012030471008
Property Type: Residential
Year Built: 2003
No Disability Access
Special Conditions: None
Exterior Features: Balcony
Lot Features: Common Grounds
Lot Size Dimensions: COMMON
Water Source: Public
Financial Details
Tax Year: 2023
Tax Annual Amount: $3,776
Tax Exemptions: Homeowner
Utilities Details
Cooling: Central Air
Heating: Electric
Sewer : Public Sewer
Location Details
Township: Lyons
Corporate Limits: Lyons
Directions: Ogden Ave East of 1st Ave to Harlem South to 40th West to Haas Ave North to 7316 first building
County or Parish: Cook
Elementary School District: 103
Elementary School: J W Robinson Jr Elementary Schoo
Middle Or Junior School District: 103
Middle Or Junior School: Washington Middle School
High School District: 201
Other Details
Association Fee Includes: Water, Parking, Insurance, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal
Association Fee: $308
Association Fee Freq: Monthly
Holds Earnest Money: Yes
Possession: Closing
Some Photos Virtually Staged (Y/N): Yes
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: Elizabeth Czech, RE/MAX Suburban
Last Updated: 2 years ago
Data Source: MRED, MLS# 12191888
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: 2 years ago
Data Source: MRED, MLS# 12191888
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