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    The Largest CRE Database in the US with Over 1 Million Listings

    7710 W 66Th St Bedford Park, IL 60501

    Sponsored
    For Sale
    $489,900

    MULTI_FAMILY - Bungalow - Bedford Park, IL

    Days on Market:
    3
    Last Refresh:
    Feb 16 at 9:06 am

    Property Features for 7710 W 66Th St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Window features
    Screens
    Zoning
    MULTI
    Rooms
    Bedroom 2, Bedroom 1, Bedroom 3, Basement, Bathroom 1, Bathroom 2
    Bedrooms
    3
    Bathrooms
    2
    APN
    18241110380000
    Parking
    6
    Parking features
    Driveway, Garage, Off Street, Off Alley, Owned, Open
    Patio and Porch features
    Deck, Patio
    Exterior features
    Outdoor Grill
    Fencing
    Fenced
    Basement
    Full, Unfinished
    Appliances
    Humidifier

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air, Natural Gas

    Building Details

    Year built
    1918
    Building materials
    Aluminum Siding
    Roof type
    Asphalt
    Architectural style
    Bungalow

    We can help!

    Listing Contact
    Lucy Mierop
    Lucy Mierop

    Remax Market (708) 558-8800

    Listing agent Lucy Mierop (708) 558-8800

    Listing date Feb 14, 2026

    MLS# 12565541

    Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Well-Maintained Bedford Park Bungalow

    This well-maintained two-unit home, owned long-term, features separate entrances, electric, and hot water tanks for each unit. The first-floor unit includes a formal living room with a coat closet, a bay window, and carpeting. The large dining room is adjacent to a newly updated kitchen with laminated floors, white cabinets, a refrigerator, stove, microwave, dishwasher, and desk planner. A closet houses a stackable washer and dryer, and patio doors open to a private deck. There are two bedrooms and a full bath with a whirlpool tub, skylight, and vanity. The second floor has a large living area, dining room, and kitchen equipped with a refrigerator, dishwasher, stove, and portable microwave. It also features one large bedroom with a stackable washer and dryer. The full, unfinished basement includes three workable baths, a basin, and storage shelving units. The 70 X 108 lot includes a side lot with cement parking for two cars, as well as front cement parking. The fenced yard has a shed, built-in gas grill, swing, and ample space for outdoor entertaining. New windows, a new forced air unit, and central air conditioning (1 year old) are present. The roof is approximately 9 years old. Bedford Park provides property tax coverage, water, a gift card, a yearly picnic, village health equipment, and car maintenance (excluding parts). Seniors receive snow removal and grass cutting. Cable and internet are included. There is a $5,000 credit from the village for water seepage or cracks in the basement. This property is suitable for a family in-law arrangement or as an investment property.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Hair Salon Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bedford Park
    County
    Cook
    State
    Illinois
    Longitude
    -87.8151
    Latitude
    41.7806

    Nearby Similar for Sale

    • Contact for pricing
      68,028 SF

      Bedford Park Industrial Complex

      68,028 SF Industrial; Prime Location
      6363 73Rd St, Bedford Park, IL 60638
      View Details

    FAQs

    What type of property is this?
    Duplex - Two-unit home in excellent condition with many amenities.
    Where is this duplex located?
    The property is located at 7710 W 66Th St Bedford Park, IL.
    What is the asking price?
    The asking price for this property is $489,900.
    What are key features of this property?
    This property features: - Two separate units with individual entrances, electric, and hot water tanks, suitable for in-law arrangement or investment property.; - Bedford Park benefits: property taxes, water, gift card, yearly picnic, village health equipment, car maintenance (excluding parts), senior snow removal/grass cutting, cable and internet included.; - Updated first-floor kitchen with laminated floors, white cabinets, appliances, and a private deck.
    (708) 558-8800
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    7710 W 66Th St Bedford Park, IL 60501
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    Bedford Park, IL 60501
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    7710 W 66Th St Bedford Park, IL 60501
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    We can help!
    Listing Contact
    Lucy Mierop
    Lucy Mierop
    Real Estate License ID: 471007678
    (708) 558-8800 (708) 839-8100
    Learn more
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