NOT LISTED FOR SALE

4509 Forest Ave Brookfield, IL 60513

11 Beds
6 Baths
5,687 Sq Ft
0.26 Acres

Last Sold January 28, 2022

Last sale price $662,500 $116 Per Sq Ft

8 Days on Market

Highlights

  • Central Heating
  • Lyons Township High School Rated A+
  • Hot Water Heating System

About This Home

As of January 2022

Very rare investment opportunity in Brookfield!Part of exquisite property portfolio now listed in Brookfield (4508 Grove Ave,4509 Grove Ave,4605 Grove ave and 4509 Grove Ave)!!!Rents are way below market($850,$960 and other 4 for $1100!Long term tenants!!!Building is fully occupied!Sold AS-IS!

Last Agent to Sell the Property

Milena Cobic

Kale Realty License #475189357 Listed on: 10/12/2021

Kale Realty

Last Buyer's Agent

Christopher Knollin

Realty Executives Elite License #471019537

Realty Executives Elite

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,101

Year Built

  • Built in 1973

Lot Details

  • 0.26 Acre Lot

Parking

  • 6 to 12 Parking Spaces

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 5,687 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 6 Bathrooms

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Central Heating
  • Hot Water Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $286
  • Fuel Expense $2,888
  • Insurance Expense $1,658
  • Maintenance Expense $1,321
  • Other Expense $1,110
  • Trash Expense $1,379
  • Water Sewer Expense $4,350
  • Operating Expense $31,873
  • Gross Income $74,520
  • Net Operating Income $42,647

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,101

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Flats
  • Stories: 2
  • Year Built: 1973
  • Built Before 1978 (Y/N): Yes
  • Information: 24-Hr Notice Required,List Broker Must Accompany
  • Estimated Age: 36-50 Years
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 6
  • Total Bedrooms: 11
  • Fireplaces: 1
  • Refrigerators: 6
  • Ranges: 6
  • Number of Washers: 1
  • Room: 0

Exterior Features

  • Exterior Building Type: Brick

Garage/Parking

  • Outdoor Parking: 6-12 Spaces

Utilities

  • Cooling: Wall Sleeve
  • Heat/Ventilation: Central Bldg Heat,Gas,Hot Water
  • Leased Washer Dryer YN: No

Fee Information

  • Trash Expense: 1379
  • Water Sewer Expenses: 4350

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 11,125
  • Lot Size Sq Ft: 11125
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 10

Building Info

  • BuildingAreaTotal: 5687

Multi Family

  • Net Operating Income: 42647
  • Fuel Expense: 2888
  • Insurance Expense: 1658
  • ElectricExpense: 286
  • GrossIncome: 74520
  • Maintenance Expense: 1321
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 31873
  • Type Multi-Family: Flats

Tax Info

  • Tax Annual Amount: 15101
  • Tax Year: 2020
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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 Prior Sale
01/28/2022 01/28/22 Sold $662,500 -11.7% $116 / Sq Ft
10/21/2021 10/21/21 Pending -- -- --
10/12/2021 10/12/21 For Sale $750,000 +70.5% $132 / Sq Ft
10/05/2016 10/05/16 Sold $440,000 -16.2% $77 / Sq Ft View Prior Sale
08/23/2016 08/23/16 Pending -- -- --
08/17/2016 08/17/16 For Sale $525,000 -- $92 / Sq Ft
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 $20,220 $66,000 $8,066 $57,934
2024 $20,220 $66,000 $8,066 $57,934
2023 $15,657 $66,000 $8,066 $57,934
2022 $15,657 $43,497 $6,953 $36,544
2021 $14,971 $43,496 $6,953 $36,543
2020 $15,101 $43,496 $6,953 $36,543
2019 $16,691 $45,352 $6,396 $38,956
2018 $16,041 $45,352 $6,396 $38,956
2017 $15,257 $45,352 $6,396 $38,956
2016 $13,950 $38,521 $5,562 $32,959
2015 $13,442 $38,521 $5,562 $32,959
2014 $12,947 $38,521 $5,562 $32,959
2013 $13,440 $41,899 $5,562 $36,337
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11244230

Midwest Real Estate Data (MRED)
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