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Single Family ResidenceResidential
$420,490$276 / ft²
TopHap EstimateOur estimate of what this home would sell for today, based on nearby sales, the home's size and features, and local price trends. It is a starting point, not an appraisal.· confidence 93How well the pricing models agreed with each other on this home. Higher means the estimate rests on stronger, more consistent data.· as of Sep 24, 2026
Last sold for $420,000 on May 13, 2026

7040 W 131ST ST

PALOS HEIGHTS, IL 60463
3
Beds
1.5
Baths
1,524 ft²
Living AreaTotal finished area of the structures, from county records. Some counties include shared space like hallways or a building gym, so it may not match a listing.
0.34 ac
Lot SizeThe size of the land the home sits on, from county records.
1961
Year BuiltThe year the home was originally built, according to county records.
2
StoriesHow many floors the home has above ground.
6
RoomsThe total room count in county records. Counties differ on which rooms they count, so compare it loosely.
2
ParkingThe number of parking spaces on the property, including the garage.

Valuation

$420K
$389K low$452K high
Last SaleThe most recent sale price and date from the recorded deed. Transfers between family members or companies may not reflect market value.$420,000 · May 13, 2026

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$8,683 (2023)
Assessed ValueThe value the county assigns to this home to calculate property tax. It is often lower than what the home would sell for.$32,000 (2025)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$9,169
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$22,831
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$32,000
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$320,000

Climate Risk

Overall riskThe average of the five hazard scores below, on a 0 to 100 scale. Higher means greater projected risk over the coming decades.60
85
FloodProjected flooding risk from rivers, heavy rain, and storm surge, scored 0 to 100. Higher is riskier.
28
WildfireProjected wildfire risk, scored 0 to 100, based on how much land burns in a typical year. Higher is riskier.
72
HeatProjected heat risk, scored 0 to 100, based on how many extremely hot days a year are expected. Higher is riskier.
76
StormProjected risk from heavy rainstorms, scored 0 to 100, based on how often extreme rainfall is expected. Higher is riskier.
40
DroughtProjected water shortage risk, scored 0 to 100. Higher means more strain on the local water supply.
Projected Flood DepthHow deep a serious flood is expected to get here at some point in the next 30 years. Shown in inches.53 in
30-Year Flood ChanceThe chance of at least one serious flood here in the next 30 years, not in any single year.51%

Scores 0–100; higher = greater projected risk.

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Single Family Residence
StyleThe architectural style of the home, such as ranch or colonial.Split Level
CountyCOOK
Lot (acres)The size of the land the home sits on, from county records.0.34
ConstructionThe main material the home's frame and walls are built from.Masonry/Concrete Masonry Units (Cmus)
RoofThe main material covering the roof, such as asphalt shingle or tile.Asphalt
HeatingThe type of heating system in the home.Yes
CoolingThe type of cooling or air conditioning in the home.Yes
GarageWhether the property has a garage, and details like whether it is attached to the home.Garage, Attached
PoolWhether the property has a pool, and what kind, such as in-ground.No

Transaction History(6)

Sales and refinances filed with the county for this home. Not every transfer is a normal sale, so check the type before comparing prices.

Assigned SchoolsThe public schools this address is zoned for. Boundaries change, so confirm with the district before you count on it.

M
Independence Jr High SchoolA
Middle · Grades 6–8 · 0.6 mi
H
Alan B. Shepard High SchoolC-
High · Grades 9–12 · 0.9 mi
E
Chippewa Elementary SchoolA
Elementary · Grades 1–3 · 1.6 mi

District: Palos Heights School District 128

Neighborhood · ZIP 60463These are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.61
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.104
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.50

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.96%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.27%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.5.5%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.6%
PopulationHow many people live in this area.14,154
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.2,399 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$110,295
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$130,130
Average tempThe average temperature here across a full year.50°F
Annual precipHow much rain and melted snow falls here in a typical year.38 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.54%

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Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.

How this home compares

7040 W 131st St measured against every home in its neighborhood, its ZIP code and its county, using county assessor records refreshed nightly. A home can stand out in one of those areas and look ordinary in another, because each one holds a different mix of homes.

  • Worth more than 66% of homes in Cook County
  • Costs more per square foot than 90% of homes in Palos Heights 60463
  • Smaller than 74% of homes in Palos Heights 60463
  • Has a bigger lot than 77% of homes in Cook County
  • Older than 71% of homes in Palos Heights 60463

What homes are worth in Palos Heights 60463

Each bar is how many homes fall in that price range. The marker is this home.

This home
$235K$720K

This home is worth more than 61% of homes in Palos Heights 60463.

How it measures up in Palos Heights 60463

The dot is this home. The mark in the middle is the typical home in Palos Heights 60463.

Estimated value$420,490
CheaperTypical $395,452Pricier

Pricier than 61% of homes nearby

Price per ft²$276
CheaperTypical $208Pricier

Pricier than 90% of homes nearby

Living area1,524 ft²
SmallerTypical 1,855 ft²Bigger

Bigger than 26% of homes nearby

Lot size0.34 ac
SmallerTypical 0.33 acBigger

Bigger than 56% of homes nearby

Year built1961
OlderTypical 1972Newer

Newer than 29% of homes nearby

How 7040 W 131st St ranks against every home in each area.
MeasureThis homePalos Heights 60463Cook County
Estimated valuepricier than$420,49061% of homes66% of homes
Price per ft²pricier than$27690% of homes60% of homes
Living areabigger than1,524 ft²26% of homes53% of homes
Lot sizebigger than0.34 ac56% of homes77% of homes
Year builtnewer than196129% of homes54% of homes

About 7040 W 131st St

How much is 7040 W 131st St, Palos Heights, IL worth?

The TopHap Estimate for 7040 W 131st St, Palos Heights, IL is $420,490 as of Sep 24, 2026. The likely range is $389,182 to $451,798. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 7040 W 131st St, Palos Heights, IL last sell?

7040 W 131st St, Palos Heights, IL last sold on May 13, 2026 for $420,000, according to the county's recorded deed. TopHap holds 5 recorded sales for this parcel.

How big is 7040 W 131st St, Palos Heights, IL?

7040 W 131st St, Palos Heights, IL has 3 bedrooms, 1.5 bathrooms, 1,524 square feet of living space and a 0.34-acre lot.

When was 7040 W 131st St, Palos Heights, IL built?

7040 W 131st St, Palos Heights, IL was built in 1961, making it 65 years old. It is a split level home. The building has 2 stories.

What schools serve 7040 W 131st St, Palos Heights, IL?

7040 W 131st St, Palos Heights, IL is assigned to Independence Jr High School (middle), rated A; Alan B. Shepard High School (high), rated C-; Chippewa Elementary School (elementary), rated A. All sit in Palos Heights School District 128. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 7040 W 131st St, Palos Heights, IL compare to other homes in Palos Heights 60463?

Among the 5,835 homes in Palos Heights 60463, it is worth more than 61% of them ($420,490 against a typical $395,452), its price per square foot is higher than 90% of them ($276 against a typical $208), it is bigger than 26% of them (1,524 ft² against a typical 1,855 ft²), its lot is bigger than 56% of them (0.34 ac against a typical 0.33 ac) and it is newer than 29% of them (1961 against a typical 1972). Measured against all of Cook County, it is worth more than 66% of homes there. These shares are recounted nightly from the full county assessor record for each area, not from active listings.

What are the property taxes on 7040 W 131st St, Palos Heights, IL?

The 2023 property tax bill for 7040 W 131st St, Palos Heights, IL was $8,683. The county assessed it at $32,000.

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