NOT LISTED FOR SALE

1531 Forest Ave River Forest, IL 60305

Estimated Value: $498,000 - $969,000

6 Beds
5 Baths
-- Sq Ft
1951 Built

Last Sold June 12, 2024

Last sale price $939,000

Est. 23% decrease in value since last sale

Current estimated payment $4,314/month

2 Days on Market

Highlights

  • 2 Car Attached Garage
  • Willard Elementary School Rated A
  • Forced Air Heating System

About This Home

As of June 2024

Don't miss out on the opportunity to own this unique property that feels like a single-family home, but also has additional income potential. The entire building showcases the Designer/Contractor Owner's high-end personal touches throughout. The owner's unit has 3 bedrooms including an Office that previously served as a Master En suite, potentially providing you a 4 bedroom with 3 full bathrooms all with high-end finishes and fixtures. 3800 square feet of spacious living. Their top Floor features a deluxe kitchen with Viking & Liegnerr Appliances and a built-in Miele Coffee Maker with Quartzite countertops and Dornbracht Faucet. The top Floor also includes a large Living Room and dining room and Laundry. The downstairs includes a dining room, and a family room with a second Kitchen including a 48" Thermador Professional Oven along with a Thermador built-in double over and Quartzite Countertops...the perfect place to accommodate all holiday get-togethers and entertaining. In addition, the top-floor apartment also showcases the high-end finishes in the kitchen and bathrooms where Dornbracht fixtures were used , a living room, a dining room, 3 bedrooms, and 2 bathrooms and Laundry. The property comes with an attached garage, on-site parking, and a large private backyard with a fire pit. You'll also enjoy the convenience of central AC, dishwasher, microwaves and forced air.

Last Agent to Sell the Property

Andrew Gagliardo

Compass License #471001960 Listed on: 04/05/2024

Compass

Last Buyer's Agent

Nancy Souchet

Real People Realty License #475151031

Real People Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,649

Year Built

  • Built in 1951

Parking

  • 2 Car Attached Garage
  • 4 Open Parking Spaces
  • Driveway
  • Off-Street Parking

Home Design

  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Potential Bedrooms
  • 5 Bathrooms

Lot Details

  • Lot Dimensions are 52 x 185
  • Additional Parcels

Schools

  • Willard Elementary School
  • Roosevelt Middle School
  • Oak Park & River Forest High Sch

Utilities

  • Forced Air Heating System

Community Details

  • 2 Units
  • Gross Income $30,600

Listing and Financial Details

  • Homeowner Tax Exemptions

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,649

Year Built

Built in 1951

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1951
  • Age: 71-80 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Total Bathrooms: 5
  • Total Bedrooms: 6
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 2
  • OpenParkingSpaces: 4
  • Parking Features: Off Street, Driveway
  • ParkingTotal: 6
  • Garage On-Site: Yes
  • Garage Type: Attached
  • Parking: Garage,Space/s
  • Parking On-Site: Yes

Utilities

  • Sewer: Public Sewer
  • Heating: Forced Air
  • Water Source: Public

Schools

  • Elementary School: Willard Elementary School
  • High School: Oak Park & River Forest High Sch
  • Middle/Junior School: Roosevelt School

Lot Info

  • Additional Parcels: Yes
  • Lot Dimensions: 52 X 185
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 16

Multi Family

  • GrossIncome: 30600
  • Units in Building: 2
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 2 Flat

Tax Info

  • Tax Annual Amount: 15648.78
  • Tax Year: 2022
  • Tax Exemptions: Homeowner

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 5, 2024
Closed on
Jun 10, 2024
Sold by
Chicago Title Land Trust Co
Bought by
Fernandez Jose and Fernandez Daisy
Seller's Agent
Andrew Gagliardo
Compass
Buyer's Agent
Nancy Souchet
Real People Realty
List Price
$939,000
Sold Price
$939,000
Views
17
Current Estimated Value
$727,610

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$211,390
Avg. Annual Appreciation
-14.01%
Original Mortgage
$751,200
Outstanding Balance
$738,398
Interest Rate
7.09%
Mortgage Type
VA
Estimated Equity
-$10,788

Purchase Details

Closed on
Jan 13, 2011
Sold by
D & S Edificio Llc
Bought by
Chicago Title Land Trust Company and Trust #8002356145

Purchase Details

Closed on
Jul 9, 2010
Sold by
Village Of River Forest
Bought by
D & S Edifico Llc

Purchase Details

Closed on
May 27, 2004
Sold by
Sanders Rose M Washington
Bought by
Sanders Arthur C

Purchase Details

Closed on
Jun 22, 1999
Sold by
First National Bank Of La Grange
Bought by
Sanders Arthur C and Sanders Rose M Washington

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,800
Interest Rate
6.87%
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/12/2024 06/12/24 Sold $939,000 0.0% --
04/08/2024 04/08/24 Pending -- -- --
04/05/2024 04/05/24 For Sale $939,000 -- --
Source: Midwest Real Estate Data (MRED)

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 $6,921 $28,598 $5,173 $23,425
2023 $7,429 $28,598 $5,173 $23,425
2022 $7,429 $26,426 $4,311 $22,115
2021 $7,182 $26,425 $4,310 $22,115
2020 $7,087 $26,425 $4,310 $22,115
2019 $5,052 $19,703 $3,879 $15,824
2018 $4,781 $19,703 $3,879 $15,824
2017 $4,781 $19,703 $3,879 $15,824
2016 $6,255 $21,940 $3,232 $18,708
2015 $6,105 $21,940 $3,232 $18,708
2014 $5,608 $21,940 $3,232 $18,708
2013 $4,666 $19,168 $3,232 $15,936
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12020085

Midwest Real Estate Data (MRED)
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