7221 Lake St
Morton Grove, IL 60053
3 bd 2 ba 1,066 sqft Built 1955 Lot 6,600 sqft single_family
Most recent sale
$338,500
Jul 14, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Jul 14, 2022 | Sold | $338,500 | MLS #11314678 |
| Jun 8, 2022 | Price changed | $345,000 | MLS #11314678 |
| May 25, 2022 | Price changed | $336,000 | MLS #11314678 |
| May 9, 2022 | Listed | $365,000 | MLS #11314678 |
| Oct 1, 1988 | Sold | $142,500 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2023 | $24,740 | $7,260 | $32,000 | $7,761 |
| 2022 | $24,740 | $7,260 | $32,000 | $6,669 |
| 2021 | $22,429 | $5,115 | $27,544 | $4,182 |
| 2020 | $22,429 | $5,115 | $27,544 | $3,785 |
| 2019 | $25,490 | $5,115 | $30,605 | $3,668 |
| 2018 | $22,325 | $4,455 | $26,780 | $4,090 |
| 2017 | $22,325 | $4,455 | $26,780 | $3,948 |
| 2016 | $22,325 | $4,455 | $26,780 | $4,471 |
| 2015 | $18,261 | $3,795 | $22,056 | $5,140 |
| 2014 | $18,261 | $3,795 | $22,056 | $4,915 |
| 2013 | $18,261 | $3,795 | $22,056 | $4,379 |
| 2012 | $24,028 | $4,455 | $28,483 | $5,886 |
| 2011 | $24,028 | $4,455 | $28,483 | $5,852 |
| 2010 | $24,028 | $4,455 | $28,483 | $5,063 |
| 2009 | $28,588 | $4,455 | $33,043 | $4,266 |
| 2008 | $30,421 | $7,128 | $37,549 | $4,159 |
| 2007 | $30,421 | $7,128 | $37,549 | $4,031 |
| 2006 | $19,873 | $6,072 | $25,945 | $4,303 |
Property facts
Year built
1955
Property type
single_family
Stories
—
Beds
3
Baths
2
Living area
1,066 sqft
Lot size
6,600 sqft
ZIP code
60053
City
Morton Grove
Street
Lake St
Coordinates
42.04458, -87.80735
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$1,919
Gross rental yield
6.80%
Implied cap rate
4.42%
Trend-extrapolated value
—
Frequently asked questions
When did 7221 Lake St last sell?
7221 Lake St most recently sold on Jul 14, 2022 for $338,500.
What is the current tax assessment for 7221 Lake St?
The most recent total assessment for 7221 Lake St (year 2023) is $32,000 with $7,761 in property tax.
How does 7221 Lake St's assessment compare to its last sale price?
The current assessment is 90.5% below the last sale price of $338,500.
When was 7221 Lake St built?
7221 Lake St was built in 1955.
How does 7221 Lake St compare to others on Lake St?
We track 8 other properties on Lake St. Browse the list under "Other properties on Lake St" to compare beds, baths, and sale history.
What are the property facts for 7221 Lake St?
7221 Lake St is a 3 bed, 2 bath, 1,066 sqft, 6,600 sqft lot single_family.
Is 7221 Lake St a flip candidate?
No — 7221 Lake St does not appear in our flips dataset.
Is 7221 Lake St a tax-appeal candidate?
No — 7221 Lake St is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+5.2%
Implied 1-yr
+20.9%
2026 Q3
$681.5K
2026 Q4
$708K
ZIP 60053 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Lake St