NOT LISTED FOR SALE

240 Lathrop Ave Forest Park, IL 60130

Estimated Value: $456,000 - $642,000

4 Beds
2 Baths
2,464 Sq Ft
$239/Sq Ft Est. Value

Last Sold August 04, 2014

Last sale price $240,000 $97 Per Sq Ft

Est. 146% increase in value since last sale

Current estimated payment $4,142/month

18 Days on Market

About This Home

As of August 2014

Lovely curb appeal solid brick 2 flat in Forest Park! Bright & sunny spacious units! Great opportunity to bring your decorating ideas & make this diamond really shine! Property sold "as-is". Seller does not provide survey or disclosures. Taxes prorated at 100%. Lot & room sizes are estimated. Please submit P.O.F funds or pre-approval w/all offers. Property is under the Freddie Mac First Look Initiative thru 6/18/14.

Last Agent to Sell the Property

Linda O'Donnell

O'Donnell Partners License #471001582 Listed on: 05/30/2014

Last Buyer's Agent

Fred Munoz

Realty Alive License #471012999

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,903

Year Built

  • Built in 1925

Lot Details

  • 10,019

Parking

  • 2 Car Detached Garage
  • Parking Space is Owned

Home Design

  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 2 Bathrooms

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water

Additional Features

  • Basement Fills Entire Space Under The House
  • Lot Dimensions are 43x200

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,903

Year Built

Built in 1925

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1925
  • Age: 81-90 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 2
  • Total Bedrooms: 4
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 2
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: None
  • MRD_AppliancesAndFeatures: None

Exterior Features

  • List Price: 224900
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 2
  • ParkingTotal: 2
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Water Source: Lake Michigan

Schools

  • Middle/Junior School District: 91

Lot Info

  • Lot Dimensions: 43X200
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8

Tax Info

  • Tax Annual Amount: 9903
  • Tax Year: 2012

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
May 30, 2014
Closed on
Jul 11, 2014
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Romano David and Romano Rebecca
Seller's Agent
Linda O'Donnell
O'Donnell Partners
Buyer's Agent
Fred Munoz
Realty Alive
List Price
$224,900
Sold Price
$240,000
Premium/Discount to List
$15,100
6.71%
Current Estimated Value
$589,265

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$349,265
Avg. Annual Appreciation
8.32%
Original Mortgage
$199,750
Outstanding Balance
$156,095
Interest Rate
4.87%
Mortgage Type
New Conventional
Estimated Equity
$433,170

Purchase Details

Closed on
Jan 31, 2014
Sold by
Hepburn Anthony
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Nov 5, 2007
Sold by
Mallof Alvera Dorothy
Bought by
Hepburn Anthony

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$297,500
Interest Rate
6.3%
Mortgage Type
Unknown
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
Romano David $240,000 First American
Federal Home Loan Mortgage Corporation -- None Available
Hepburn Anthony $350,000 Prairie Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Romano David $199,750
Previous Owner Hepburn Anthony $297,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/04/2014 08/04/14 Sold $240,000 +6.7% $97 / Sq Ft
06/17/2014 06/17/14 Pending -- -- --
06/09/2014 06/09/14 For Sale $224,900 0.0% $91 / Sq Ft
06/03/2014 06/03/14 Pending -- -- --
05/30/2014 05/30/14 For Sale $224,900 -- $91 / 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 $12,521 $45,000 $10,000 $35,000
2023 $11,878 $45,000 $10,000 $35,000
2022 $11,878 $36,561 $6,500 $30,061
2021 $11,313 $36,561 $6,500 $30,061
2020 $11,100 $36,561 $6,500 $30,061
2019 $10,234 $32,495 $6,500 $25,995
2018 $11,833 $34,314 $6,500 $27,814
2017 $11,573 $34,314 $6,500 $27,814
2016 $11,308 $31,555 $6,000 $25,555
2015 $11,131 $31,555 $6,000 $25,555
2014 $10,032 $31,555 $6,000 $25,555
2013 $10,168 $34,067 $6,000 $28,067
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2014

    Linda O'Donnell

    O'Donnell Partners

  • Fred Munoz

    Buyer's Agent in 2014

    Fred Munoz

    Realty Alive

    (708) 359-1572

    22 Total Sales

    Fred Munoz
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 08629473

Midwest Real Estate Data (MRED)

APN: 15-12-429-006-0000

Illinois Cook County Forest Park 60130

240 Lathrop Ave, Forest Park, IL

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