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7631 Lakeview Ter

Frankfort, IL 60423

3 bd 2 ba 1,675 sqft Built 1994 single_family
Most recent sale
$345,000
Jul 22, 2022

Location

Timeline: Sale, Listing & Tax History

Recorded events

DateEventPriceSource
Jul 22, 2022 Sold $345,000 MLS #11445385
Jun 24, 2022 Listed $345,000 MLS #11445385
Jun 2, 1998 Sold $186,000 Public Record

Tax assessment history

YearBuildingLandTotal assessedTax paid
2024 $98,925 $20,014 $118,939 $8,682
2022 $80,472 $16,280 $96,752 $7,829
2021 $75,285 $15,231 $90,516 $5,891
2020 $73,163 $14,802 $87,965 $5,980
2019 $71,205 $14,406 $85,611 $5,950
2018 $69,158 $13,992 $83,150 $5,913
2017 $67,544 $13,665 $81,209 $5,937
2016 $65,228 $13,197 $78,425 $5,972
2015 $62,931 $12,732 $75,663 $6,073
2014 $62,494 $12,643 $75,137 $6,028
2013 $63,304 $12,807 $76,111 $5,862
2012 $66,636 $13,481 $80,117 $6,250
2011 $70,143 $14,191 $84,334 $6,151
2010 $71,374 $15,080 $86,454 $5,945
2009 $73,092 $15,443 $88,535 $5,704
2008 $73,092 $15,443 $88,535 $5,511
2007 $71,309 $15,066 $86,375 $5,393
2006 $66,334 $14,015 $80,349 $5,221

Property facts

Year built
1994
Property type
single_family
Stories
Beds
3
Baths
2
Living area
1,675 sqft
Lot size
ZIP code
60423
City
Frankfort
Street
Lakeview Ter
Coordinates
41.53566, -87.80315

Comparable properties nearby

Block-level micro-comps

Same street, ±3 house numbers, sold in the last 24 months

Investment analysis

Estimates based on local averages — not personalized advice
Estimated monthly rent
$3,015
Gross rental yield
10.49%
Implied cap rate
6.82%
Trend-extrapolated value

Frequently asked questions

When did 7631 Lakeview Ter last sell?
7631 Lakeview Ter most recently sold on Jul 22, 2022 for $345,000.
What is the current tax assessment for 7631 Lakeview Ter?
The most recent total assessment for 7631 Lakeview Ter (year 2024) is $118,939 with $8,682 in property tax.
How does 7631 Lakeview Ter's assessment compare to its last sale price?
The current assessment is 65.5% below the last sale price of $345,000.
When was 7631 Lakeview Ter built?
7631 Lakeview Ter was built in 1994.
How does 7631 Lakeview Ter compare to others on Lakeview Ter?
We track 4 other properties on Lakeview Ter. Browse the list under "Other properties on Lakeview Ter" to compare beds, baths, and sale history.
What are the property facts for 7631 Lakeview Ter?
7631 Lakeview Ter is a 3 bed, 2 bath, 1,675 sqft single_family.
Is 7631 Lakeview Ter a flip candidate?
No — 7631 Lakeview Ter does not appear in our flips dataset.
Is 7631 Lakeview Ter a tax-appeal candidate?
No — 7631 Lakeview Ter is not currently flagged as a tax-appeal candidate.

Forecast for this area

ZIP-area linear projection — not a per-property automated valuation
Quarterly trend
+1.9%
Implied 1-yr
+7.7%
2026 Q3
$492.9K
2026 Q4
$501.3K
ZIP 60423 — Median Price History + Forecast

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