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$899,000 -$990 (-0.11%) Price Reduced
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Property Description
Priced to sell fast! Highest and best offers only! Attention serious investors or large families. Multiple offers already received-we are now calling for your highest and best offers. Pre-approval required to submit offers and schedule showings. Discover an unparalleled opportunity with this fully remodeled five-unit apartment building in the highly desirable Bridgeview area. Offering a perfect blend of modern amenities, recent upgrades, and exceptional income potential, this property stands out for both investors and families seeking spacious living options. The building includes four spacious one-bedroom units and one large three-bedroom, two-bath unit-ideal for large families or those seeking more space. Every unit is equipped with high-efficiency systems and energy-efficient appliances, including fridges, stoves, and wall-unit ACs, ensuring low operating costs and high tenant satisfaction. LED lighting throughout the hallways, smoke and carbon monoxide detectors, and coin-operated laundry facilities (with rapidly increasing revenue) make this building both safe and profitable. Major renovations include a new roof and gutters (5 years ago), new windows (6 years ago), a new water heater (2 years ago), and most appliances upgraded within the past year. Elegant pinewood trim adds durability and charm throughout. Separate gas and electric utilities allow tenants to manage their own usage, maximizing profitability. Situated in a prime location near schools, restaurants, gyms, Walmart, Pete's Market, SeatGeek Stadium, and more, this property ensures high demand, whether for tenants or a large family seeking a permanent home. This apartment building is not just an investment-it's a versatile, strategic asset designed for consistent income and future growth, while also offering a perfect home for large families. Submit your highest and best offer before it's gone!
Full Property Details
Full Property Details for 7403 W 71st St
General
- Price: $899,000
- HOA FEE: $2,500
- Taxes: $14,150 (2023)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12152298
- Updated: 11/11/2024
- Added to Site: 71 day(s) ago
Parking
- Parking Features: 6 to 12 Spaces
Location
- Area: Bridgeview
- County: Cook
- Driving Directions: Harlem Ave North or South to 71st St., West To 7403 W 71st St
- Location Details: Corner
Community
- Assoc. Fees Include: Parking, Exterior Maintenance, Lawn Care, Snow Removal
Heating & Cooling
- Cooling Type: Window Unit(s)
- Heating Type: Central Building Heat
Utilities
- Trash: 1200
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Foundation: Concrete Perimeter
- Roof: Composition
- Stories/Levels: 3
- Square Feet: 5,000
- Current Bldg. Use: Multi-Family
- Year Built: 1974
- Built Before 1978: Yes
Unit Information
- Units w/Refrigerators: 5
- # Dryers: 1
Lot Features
- Lot Size (Acres): 0.21
- Lot Size (Sq. Ft.): 7,710
- Lot Dimensions: 7710
- Frontage: Public Road
- Potential Use: Commercial, Condominium, Office and Research, Development, Multi-Family
- Zoning: MULTI
Financial Considerations
- Maint. Fee: $2,500
- Insurance Fee: $2,000
- Operating Expenses: $16,090
- Other Fee: $1,300
- Assessment Year: 1974
- Tax Amount: $14,150
- Tax Year: 2023
- Tenant Pays: Electricity
- Pays Electric: 2400
- Pays Trash: 1200
Disclosures and Reports
- Property ID: 18252030080000
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Schools
Schools serving 7403 W 71st St
School Districts:Indian Springs Sd 109, Argo Community High School District 217
Rating | Name | Grades | Distance |
---|---|---|---|
7800 S Thomas Ave, Bridgeview, IL 60455 | K-6 | 0.9 mi | |
7329 W 63rd St, Summit, IL 60501 | 9-12 | 0.9 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 7403 W 71st St
Date
Details
Price
Change
Source
11/11/2024
Price Reduced
$899,000
-0.11%
MLS
10/01/2024
Price Reduced
$899,990
-5.26%
MLS
9/04/2024
Listed
$949,990
131.7%
MLS
1/12/2004
Sold
$410,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 7403 W 71st St
Year
Property Taxes
Change
Tax Assessment
Change
2022
$9,001
-44%
$22,515
-46%
2021
$16,174
3%
$41,947
—
2020
$15,660
-6%
$41,947
3%
2019
$16,716
5%
$40,562
—
2018
$15,975
2%
$40,562
—
2017
$15,655
27%
$40,562
35%
2016
$12,322
6%
$30,090
—
2015
$11,669
3%
$30,090
—
2014
$11,281
-4%
$30,090
-13%
2013
$11,800
3%
$34,611
—
2012
$11,460
—
$34,611
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 7403 W 71st St
7403 W 71st Street, Bridgeview, IL 60455 (MLS# 12152298) is a Commercial property. 7403 W 71st Street is currently listed for $899,000 and was received on September 04, 2024. Want to learn more about 7403 W 71st Street? Do you have questions about finding other Commercial real estate for sale in Bridgeview? You can browse all Bridgeview real estate or contact a Coldwell Banker agent to request more information.