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Bridgeview 60455
7940 W 71st Street
$343,999
● House - Off Market

7940 W 71st Street

Bridgeview, IL 60455
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,021 Ft²
$2,227
Est. Monthly
7.87%
Cap Rate

About This Property

COMPLETE MAKEOVER ON THIS BEAUTIFUL DOUBLE LOT RANCH HUGE HUGE YARD PROPERTY HAS BEEN REMODELED NEW CERAMIC BATHROOM NEW GRANITE KITCHEN WITH 42 INCH CABINETS OPEN CONCEPT IN LIVING ROOM AND KITCHEN WITH CAN LIGHTING, VAREY SPACIOUS GREAT  HOUSE  AWAITING YOUR TOUCHES  TO MAKE IT YOUR HOME!!!
Unit Size
1,021 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$337
Property Type
House
Property Taxes
$537
HOA Dues
-
Year Built
1952

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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.

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1952
  • Effective Year Built: 1952
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 3
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,200
  • Total Building Area: 1,021
  • Gross Building Area: 1,021
  • Building Area: 1,021
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,021
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GILBERT & WOLFS BRIDGEVIEW GARDENS UNIT1
  • Land Acres: 0000000234
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03
  • Legal Description 1: (GILBERT)&(WOLFS) BRIDGEVIEW GARDENS (UNIT1) SUB OF W 756.17 FT OF LT 2&3 IN SUB SH SW SEC 24-38-12

Neighborhood

  • School District Name: Argo Community High School District 217
  • Census Tract: 820501

Geography

  • District: 21
  • Parcel: 18-24-305-010-0000
  • Lot: 2,3
  • Meridian: SEC 24 TWN 38N RNG 12E
  • Municipality: LYONS
  • Latitude: 41.7626
  • Longitude: -87.8189

    Address

  • Full Address: 7940 W 71st St
  • Legal Unit: 1
  • Address - House Number: 7940
  • Street Direction: W
  • Address - Street Name: 71st
  • Address - Suffix Type: St
  • State: IL
  • City Name: Bridgeview
  • Carrier Code: C073
  • 4-Digit Zip Code: 1004
  • Zip Code: 60455

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $755,763
  • Initial Tax Delinquent Year: 2021
  • Tax Rate Code Area: 21026

    Appraisal Valuation

  • Standard Deviation: 0.1011
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 90
  • Final Value: 186,123
  • High Value: 204,941
  • Low Value: 167,304

    Market Valuation

  • Market Total Value: $169,900
  • Market Land Value: $45,900
  • Market Improvement Value: $124,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $16,990
  • Assessed Land Value: $4,590
  • Assessed Improvements Value: $12,400

    Sales

  • Current Sale Contract Date: Apr 16, 2021
  • Current Sale Recording Date: Oct 15, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2128821179
  • Previous Sale Recording Date: Dec 07, 2007
  • Previous Sale Contract Date: Nov 27, 2007
  • Previous Sale Amount: $190,500
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Bridgeview

Stats & Trends

Median Asking:

$334,000

Sale Price/ft²

$212

Below Asking

0.01%

Average Days on Market

46

Average Home Size

1646 ft²

Average Home Age

50.6 years

Currently For Sale

29 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 7224 W 60th Place, Summit, IL, 60501

$2,800 /mo

  • 3 Beds
  • 2 Baths
  • 1,128 ft²
7224 W 60th Place, Summit, IL, 60501 Listing by Cesar Gallegos
Unit for rent at 7241 Beloit Avenue, Bridgeview, IL, 60455

$3,100 /mo

  • 3 Beds
  • 2 Baths
  • 1,069 ft²
7241 Beloit Avenue, Bridgeview, IL, 60455 Listing by Fares Suleiman

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Jose Cortez, Golden Enterprise Realty Inc
Data Source: MRED, MLS# MRD12291513
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.

Frequently Asked Questions

When was property at 7940 West 71st Street built and last sold?
The property at 7940 West 71st Street was built in 1952 and last sold on Apr 16, 2021 for $92,000.
How much is this home worth?
The estimated value of the home located at 7940 West 71st Street is $0.
What are some comparable homes to 7940 West 71st Street?
There are currently no comparable homes to 7940 West 71st Street.
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