7403 West 71st Street
$949,990
7
5
1
—
—
—
Description
Discover an unparalleled investment opportunity with this five-unit apartment building, situated in the highly desirable area of Bridgeview. This property is fully remodeled and offers a perfect blend of modern amenities, recent upgrades, and exceptional income potential, making it a standout choice for savvy investors. This income generating property consists of spacious four one-bedroom units and one three-bedroom unit, providing diverse rental options. The strategic combination of units to create...Discover an unparalleled investment opportunity with this five-unit apartment building, situated in the highly desirable area of Bridgeview. This property is fully remodeled and offers a perfect blend of modern amenities, recent upgrades, and exceptional income potential, making it a standout choice for savvy investors. This income generating property consists of spacious four one-bedroom units and one three-bedroom unit, providing diverse rental options. The strategic combination of units to create a three-bedroom, two-bath configuration maximizes space and appeal to tenants. Every unit is equipped with high-efficiency systems energy-efficient appliances, including fridges, stoves, and wall unit ACs, ensuring low operating costs and high tenant satisfaction. The building features LED lighting throughout the hallways, enhancing both aesthetics and energy efficiency. The property offers modern safety and convenience with smoke detectors and carbon monoxide detectors for optimal safety. Coin-operated laundry facilities have shown impressive growth in revenue and convenience for tenants. Major renovations have been completed, including a new roof and gutters just five years ago and new windows installed six years ago. The water heater was replaced two years ago, and most of the appliances have been upgraded within the past year. The building features beautiful pinewood trim throughout, adding a touch of elegance and durability that sets it apart from other properties. The separate utilities for gas and electric ensure tenants are responsible for their usage, further enhancing profitability. The coin-operated laundry is a lucrative income source, offering value-added potential: with revenue doubling in just three months. This additional income stream enhances the property's overall yield and provides opportunities for future growth. Situated in Bridgeview, this property offers location advantage and gives tenants convenient access to local amenities, schools, gas stations, restaurants, fast food, Walmart, Pete's Market, Menards, gyms, the Village of Bridgeview building and Police Station is blocks away, Jewelry stores, memorial parks, UPS customer centers, transportation, Bridgeview's stadium SeatGeek known as Toyota Park prior, and more. Its prime location ensures high occupancy rates and consistent demand, making it a stable and lucrative investment. This apartment building in Bridgeview is not just an investment; it's a strategic asset designed to generate consistent income while offering growth and appreciation. With its modern amenities, recent upgrades, and exceptional revenue potential, it stands as a premier choice for investors seeking a reliable and profitable real estate opportunity.
- Listed by Mohammad Mohammad • Chicagoland Brokers, Inc.
Property Details for 7403 West 71st Street
Area
Bridgeview
ZoningMULTI
LISTING UPDATED: 09/10/2024 12:07 AM
Property Details for 7403 West 71st Street
Status | Active |
---|---|
MLS # | 12152298 |
Days on Market | 26 |
Taxes | $14,150 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi Family 5+ / Flats |
Year Built | 1974 |
Lot Size | 0.18 AC / 7,710 SF |
County | Cook County |
Building Information for 7403 West 71st Street
Stories3Residences5Year Built1974Building Size-Lot Size0.18 AC / 7,710 SF
Property Information for 7403 West 71st Street
Property History for 7403 West 71st Street
Date | Event & Source | Price | Appreciation |
---|
Date | Event & Source | Price |
---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 7403 West 71st Street
Taxable ValueLand$3,084Additions$19,431Total$22,515
Tax Record2022$9,001 ($750 / month)
Home Facts
Baths5.5Total Finished SqFt4,870 SqFtAbove Grade Finished SqFt4,870 SqFtStories2Lot Size7,712 SqFtStyleMulti-Family Res (5+ Units)Year Built1973CountyCOOKAPN18-25-203-008
Schools near 7403 West 71st Street
This home is within Argo Chsd 217 School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 6 | |||
Public - | 7 to 8 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Bridgeview Elementary School PublicK to 6 | ||
Geo T Wilkins Jr High School Public7 to 8 | ||
Argo Community High School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
Similar Homes
Sorry, we can't find any similar homes at this time. Please check back later.
Similar Sold Homes
Sorry, we can't find any similar sold homes at this time. Please check back later.