NOT LISTED FOR SALE

16733 Forest Ave Oak Forest, IL 60452

20 Beds
12 Baths
-- Sq Ft
1978 Built

Last Sold February 01, 2013

Last sale price $785,000

28 Days on Market

About This Home

As of February 2013

The properties consist of two one-bedroom/one-bathroom, eight two-bedroom/one bathroom and one large two-bedroom/two-bathroom units measuring approximately 700, 850 and 1,350 square feet respectively. Many recent capital improvements, including tear-off roofs and hot water heaters. Great opportunity for an investor to acquire an asset in a great location with value added upside. Two Buildings next to one another.

Last Agent to Sell the Property

Jordan Apostolov

Equity Real Estate Group Inc License #471019532 Listed on: 08/23/2012

Last Buyer's Agent

Jordan Apostolov

Equity Real Estate Group Inc License #471019532 Listed on: 08/23/2012

Property Details

Home Type

  • Multi-Family

Year Built

  • 1978

Utilities

  • Cooling System Mounted In Outer Wall Opening

Community Details

  • Fuel Expense $9,812
  • Insurance Expense $4,314

Listing and Financial Details

  • Tenant pays for air conditioning, electric

Property Details

Home Type

Multi-Family

Year Built

1978

Lot Details

0

Listing Details

  • Zoning Type: MULTI
  • Estimated Age: 16-25 Years
  • Net Operating Income Year: 2011
  • Net Oper Income: 53898
  • Repairs Decor Expense: 3300
  • Scavenger Expense: 1960
  • Total Annual Exp: 53898
  • Total Annual Income: 117840
  • Total Monthly Income: 9820
  • Number Of Stories: 3
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1978

Garage/Parking

  • Indoor Parking: 6-12 Spaces
  • Number Of Parking Spaces: 23

Utilities

  • Air Conditioner: Wall Sleeve
  • Heatventilation: Gas, Hot Water, Baseboard
  • Water Expense: 1500

Condo/Co-op/Association

  • Units in Building: 12

Fee Information

  • Electricity Expense: 1058
  • Electrical Service: Circuit Breakers
  • Janitor Expense: 5500

Lot Info

  • Lot Dimensions: 190X172
  • Lot Sq Ft: 32760

Rental Info

  • Gross Rental Income: 11784
  • Tenant Pays: Air Conditioning, Electric

Multi Family

  • Expense Year: 2011
  • Fuel Expense: 9812
  • Gross Rent Multiplier: 7.15
  • Insurance Expense: 4314
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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
02/01/2013 02/01/13 Sold $785,000 -1.9% --
09/20/2012 09/20/12 Pending -- -- --
08/23/2012 08/23/12 For Sale $800,000 -- --
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
2025 $20,253 $56,000 $9,009 $46,991
2024 $20,253 $56,000 $9,009 $46,991
2023 $19,914 $56,000 $9,009 $46,991
2022 $19,914 $42,752 $7,781 $34,971
2021 $19,423 $42,750 $7,780 $34,970
2020 $19,620 $44,792 $7,780 $37,012
2019 $21,107 $47,038 $6,961 $40,077
2018 $20,643 $47,038 $6,961 $40,077
2017 $20,547 $47,038 $6,961 $40,077
2016 $17,588 $38,758 $6,142 $32,616
2015 $17,086 $38,758 $6,142 $32,616
2014 $16,663 $38,758 $6,142 $32,616
2013 $14,761 $38,537 $6,142 $32,395
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD08144059

Midwest Real Estate Data (MRED)