NOT LISTED FOR SALE

1518 N Harlem Ave River Forest, IL 60305

Estimated Value: $199,000 - $205,000

2 Beds
6 Baths
-- Sq Ft
6,447 Sq Ft Lot Lot

Sale Details

Date Sold: November 1, 2019

Last sale price $725,000

Current estimated payment $1,395 / mo

2 Days on Market

Highlights

  • Central Heating
  • Hot Water Heating System
  • 5-minute walk to Lindberg Park
  • Willard Elementary School Rated A

About This Home

As of November 2019

Rare opportunity to purchase all 6 units in a River Forest condominium building. 5 of 6 units are currently tenanted. Operate now as a profitable rental building or sell off the individual condo units. Well maintained building, including new roof in 2018. Professional property management and association management in place. Great location, River Forest schools, and condo level finishes make these units easy to rent with low turnover.

Last Agent to Sell the Property

Scott McNab

Pennan Properties LLC Listed on: 07/17/2019

Last Buyer's Agent

Mario Cisneros

Real People Realty License #475180399

Real People Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,704

Year Built

  • Built in 1970

Lot Details

  • Additional Parcels

Parking

  • 6 to 12 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Composition Roof

Interior Spaces

  • 6 Bathrooms
  • 3-Story Property
  • Unfinished Basement

Utilities

  • Window Unit Cooling System
  • Central Heating
  • Radiator
  • Hot Water Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for air conditioning, electricity

Community Details

Overview

  • 6 Units

Building Details

  • Insurance Expense $1,800
  • Maintenance Expense $2,657
  • Other Expense $17,208
  • Operating Expense $45,894
  • Gross Income $79,920
  • Net Operating Income $34,026

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,704

Year Built

Built in 1970

Lot Details

6,447 Sq Ft Lot

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Corridor-Interior Entrance
  • Stories: 3
  • Year Built: 1970
  • Built Before 1978 (Y/N): Yes
  • Information: 48-Hr Notice Required
  • Estimated Age: 36-50 Years
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 6
  • Basement Description: Unfinished
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • Roof: Composition

Garage/Parking

  • Outdoor Parking: 6-12 Spaces

Utilities

  • Cooling: Window Unit(s)
  • Heat/Ventilation: Central Bldg Heat,Gas,Hot Water,Radiators

Condo/Co-op/Association

  • Owners Association (Y/N): Yes

Lot Info

  • Additional Parcels: Yes
  • Lot Dimensions: APPROX 0.3 ACRES
  • Zoning: MULTI
  • Alternate Phone Number: (708) 476-1379

Rental Info

  • Tenant Pays: Air Conditioning, Electricity
  • Board Number: 10

Multi Family

  • Net Operating Income: 34026
  • Insurance Expense: 1800
  • GrossIncome: 79920
  • Maintenance Expense: 2657
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 45894
  • Type Multi-Family: Corridor-Interior Entrance

Tax Info

  • Tax Annual Amount: 8704
  • Tax Year: 2017

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 17, 2019
Closed on
Oct 28, 2019
Sold by
Bought by
Seller's Agent
Scott McNab
Pennan Properties LLC
Buyer's Agent
Mario Cisneros
Real People Realty
List Price
$750,000
Sold Price
$725,000
Premium/Discount to List
-$25,000
-3.33%
Current Estimated Value
$202,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$522,667
Avg. Annual Appreciation
-17.63%

Purchase Details

Closed on
Feb 22, 2015
Sold by
Bought by

Purchase Details

Closed on
Jul 7, 2011
Sold by
Bought by

Purchase Details

Closed on
May 10, 2011
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$604,500 Prairie Title
-- None Available
$174,000 Cti
-- None Available
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
11/01/2019 11/01/19 Sold $725,000 -3.3% --
07/19/2019 07/19/19 Pending -- -- --
07/17/2019 07/17/19 For Sale $750,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $3,851 $14,069 $1,631 $12,438
2024 $3,851 $14,069 $1,631 $12,438
2023 $2,962 $14,069 $1,631 $12,438
2022 $2,962 $9,174 $1,605 $7,569
2021 $2,853 $9,173 $1,604 $7,569
2020 $2,787 $9,173 $1,604 $7,569
2019 $1,887 $6,077 $1,470 $4,607
2018 $1,786 $6,077 $1,470 $4,607
2017 $1,780 $6,077 $1,470 $4,607
2016 $1,609 $5,001 $1,230 $3,771
2015 $1,580 $5,001 $1,230 $3,771
2014 $1,781 $6,151 $1,230 $4,921
2013 $1,984 $7,033 $1,230 $5,803
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2019

    Scott McNab

    Pennan Properties LLC

  • Mario Cisneros

    Buyer's Agent in 2019

    Mario Cisneros

    Real People Realty

    (847) 971-3503

    10 Total Sales

    Mario Cisneros
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10454143

Midwest Real Estate Data (MRED)

APN: 15-01-205-068-1001

Illinois Cook County River Forest 60302

1518 N Harlem Ave, River Forest, IL

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Midwest Real Estate Data (MRED) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID

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