NOT LISTED FOR SALE

116 Lathrop Ave Forest Park, IL 60130

Estimated Value: $395,000 - $507,000

3 Beds
2 Baths
1,386 Sq Ft
$326/Sq Ft Est. Value

Last Sold February 28, 2023

Last sale price $370,000 $267 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $3,171/month

62 Days on Market

Highlights

  • Deck
  • 3 Car Detached Garage
  • Paved or Partially Paved Lot

About This Home

As of February 2023

This is a wonderful 2-flat property in a super convenient location. It is move-in ready! Enjoy the large front porch when you arrive. The 38' x 135' lot offers a 3 car garage & a parking space and plenty of open backyard to enjoy. Two brand new white cabinet kitchens, new plumbing & new electric. It has all been done! 1st floor unit has two bedrooms, living room & separate dining room & one bathroom. Fully gutted kitchen has a nice walk-in pantry. 2nd floor is a bright one bedroom unit with a brand new kitchen & updated bathroom. Brand new carpeting in both units. Large back decks on both units. Full, unfinished basement. Both units are heated with radiators from one boiler. Live in one unit or rent both apartments. The choice is yours. Close to transportation, shopping & restaurants.

Last Agent to Sell the Property

Tagger O'Brien

P.M. Walsh & Co. License #471011207 Listed on: 11/11/2022

Last Buyer's Agent

Vincent Filippone

Real People Realty License #475180087

Real People Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,839

Year Built

  • Built in 1920 | Remodeled in 2022

Lot Details

  • Lot Dimensions are 38 x 135
  • Paved or Partially Paved Lot

Parking

  • 3 Car Detached Garage
  • Off Alley Parking
  • Parking Included in Price

Home Design

  • Asphalt Roof
  • Cedar

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • 2 Bathrooms

Schools

  • Field Stevenson Elementary Schoo
  • Forest Park Middle School
  • Proviso East High School

Utilities

  • Radiator
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Additional Features

  • Basement Fills Entire Space Under The House
  • Deck

Community Details

  • 2 Units

Listing and Financial Details

  • Homeowner Tax Exemptions

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,839

Year Built

Built in 1920 | Remodeled in 2022

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1920
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Bus,Commuter Train,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2022
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2022

Interior Features

  • Basement: Full
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: None
  • MRD_AppliancesAndFeatures: None

Exterior Features

  • ExteriorFeatures: Deck, Storms/Screens
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Cedar

Garage/Parking

  • Garage Spaces: 3
  • Parking Features: Off Alley
  • ParkingTotal: 1
  • Number of Cars: 4
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage,Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer, Sewer-Storm
  • Heating: Natural Gas, Radiator(s)
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights, Street Paved

Schools

  • Elementary School: Field Stevenson Elementary Schoo
  • High School: Proviso East High School
  • Middle/Junior School: Forest Park Middle School
  • Junior High/Middle School #2: Proviso Mathematics and Science Academy

Lot Info

  • Lot Dimensions: 38 X 135
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 16
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 10839.01
  • Tax Year: 2021
  • Tax Exemptions: Homeowner

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Flat

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 11, 2022
Closed on
Feb 25, 2023
Sold by
Myrtle James E
Bought by
Ritchie Jason and Gronkiewicz Andrew
Seller's Agent
Tagger O'Brien
P.M. Walsh & Co.
Buyer's Agent
Vincent Filippone
Real People Realty
List Price
$399,900
Sold Price
$370,000
Premium/Discount to List
-$29,900
-7.48%
Views
107
Current Estimated Value
$452,183

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$82,183
Avg. Annual Appreciation
7.83%
Original Mortgage
$357,651
Outstanding Balance
$347,619
Interest Rate
6.75%
Mortgage Type
FHA
Estimated Equity
$104,564

Purchase Details

Closed on
Feb 28, 2005
Sold by
North Star Trust Co
Bought by
Myrtle James E and Myrtle Linda D
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Ritchie Jason $370,000 None Listed On Document
Myrtle James E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ritchie Jason $357,651
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/28/2023 02/28/23 Sold $370,000 -7.5% $267 / Sq Ft
01/13/2023 01/13/23 Pending -- -- --
11/11/2022 11/11/22 For Sale $399,900 -- $289 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $9,517 $35,000 $5,206 $29,794
2023 $11,379 $35,000 $5,206 $29,794
2022 $11,379 $35,169 $3,384 $31,785
2021 $10,839 $35,168 $3,383 $31,785
2020 $10,638 $35,168 $3,383 $31,785
2019 $9,377 $26,631 $3,383 $23,248
2018 $9,184 $26,631 $3,383 $23,248
2017 $8,982 $26,631 $3,383 $23,248
2016 $6,218 $22,725 $3,123 $19,602
2015 $6,430 $22,725 $3,123 $19,602
2014 $6,341 $22,725 $3,123 $19,602
2013 $6,437 $24,410 $3,123 $21,287
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11671817

Midwest Real Estate Data (MRED)

APN: 15-12-406-006-0000