NOT LISTED FOR SALE

406 Lathrop Ave River Forest, IL 60305

Estimated Value: $465,342 - $479,000

4 Beds
3 Baths
-- Sq Ft
7,841 Sq Ft Lot

Last Sold November 17, 2021

Last sale price $380,406

Est. 24% increase in value since last sale

Current estimated payment $2,674/month

4 Days on Market

About This Home

As of November 2021

Opportunity in the Prime business district of River Forest to build your own! Currently used as a 2 unit multi-family building, this property is situated on a 50' x 157' lot with side drive entry to a large parking lot for a minimum of 6 cars. Surrounded by new development in the heart of River Forest this property is zoned C-3 Commercial District. Priced as a tear down, being sold absolutely as is, value is in the land! Located close to public transportation, I-290. Walking distance to shopping, dining, schools and so much more!

Last Agent to Sell the Property

Lisa Graziani

Caporale Realty Group License #475149015 Listed on: 10/13/2021

Caporale Realty Group

Last Buyer's Agent

Harry Walsh

RE/MAX In The Village License #471001958

RE/MAX In The Village

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,178

Year Built

  • Built in 1897

Lot Details

  • 7,841 Sq Ft Lot
  • Lot Dimensions are 157x50

Home Design

  • Slate

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 3 Bathrooms

Schools

  • Oak Park & River Forest High Sch

Additional Features

  • Partial Basement
  • Heating System Uses Natural Gas

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,178

Year Built

Built in 1897

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1897
  • Age: 100+ 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: Partial
  • Total Bathrooms: 3
  • Total Bedrooms: 4
  • Basement Description: Partially Finished
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: None
  • MRD_AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Slate

Garage/Parking

  • Parking: None

Utilities

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

Schools

  • High School: Oak Park & River Forest High Sch

Lot Info

  • Lot Size Acres: 0.18
  • Lot Dimensions: 157X50
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 16

Tax Info

  • Tax Annual Amount: 13177.91
  • Tax Year: 2020

Multi Family

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 13, 2021
Closed on
Nov 11, 2021
Sold by
Pedemonte Ana Camila and Pedemonte Victoria Paula
Bought by
L & C 406 Lathrop Llc
Seller's Agent
Lisa Graziani
Caporale Realty Group
Buyer's Agent
Harry Walsh
RE/MAX In The Village
List Price
$399,900
Sold Price
$380,406
Premium/Discount to List
-$19,494
-4.87%
Current Estimated Value
$472,171

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$91,765
Avg. Annual Appreciation
5.41%

Purchase Details

Closed on
Oct 7, 2009
Sold by
Pedemonte Liliana M
Bought by
Liliana Pedemonte 2005 Trust
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

Date Buyer Sale Price Title Company
L & C 406 Lathrop Llc $380,500 Chicago Title
Liliana Pedemonte 2005 Trust -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/17/2021 11/17/21 Sold $380,406 -4.9% --
10/18/2021 10/18/21 Pending -- -- --
10/13/2021 10/13/21 For Sale $399,900 -- --
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 $2,310 $8,439 $8,439 --
2023 $3,310 $8,439 $8,439 --
2022 $3,310 $10,251 $7,261 $2,990
2021 $13,487 $43,367 $7,261 $36,106
2020 $13,178 $43,367 $7,261 $36,106
2019 $16,290 $52,475 $6,672 $45,803
2018 $15,422 $52,475 $6,672 $45,803
2017 $15,366 $52,475 $6,672 $45,803
2016 $11,340 $35,252 $5,495 $29,757
2015 $11,141 $35,252 $5,495 $29,757
2014 $10,205 $35,252 $5,495 $29,757
2013 $10,070 $35,690 $5,495 $30,195
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11245299

Midwest Real Estate Data (MRED)

APN: 15-12-117-013-0000