NOT LISTED FOR SALE

4531 Forest Ave Brookfield, IL 60513

11 Beds
10 Baths
1,680 Sq Ft
7,841 Sq Ft Lot

Last Sold August 12, 2021

Last sale price $1,530,000 $911 Per Sq Ft

11 Days on Market

About This Home

As of August 2021

An amazing turn-key investment opportunity! 2019 built 6-unit building in Brookfield! Attached 4-car garage plus exterior parking spaces. Luxurious with open floor plans, gorgeous custom kitchens, in- unit laundry, beautiful and convenient location! Top rated Lyons Township High School!

Last Agent to Sell the Property

Janet Marinis

@properties Christie's International Real Estate License #471005352 Listed on: 07/07/2021

@properties Christie's International Real Estate

Last Buyer's Agent

Katerina Pavlova

Pavlova Properties License #471022201

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,689

Year Built

  • Built in 2019

Lot Details

  • 7,841 Sq Ft Lot
  • Lot Dimensions are 60x133

Home Design

  • Flat Roof Shape
  • Wood Frame Construction
  • Concrete Perimeter Foundation

Interior Spaces

  • 3-Story Property
  • Fire and Smoke Detector

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 10 Bathrooms

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Separate Meters

Listing and Financial Details

  • Tenant pays for air conditioning, electricity, heat

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $600
  • Insurance Expense $2,300
  • Maintenance Expense $150
  • Other Expense $3,199
  • Trash Expense $3,422
  • Water Sewer Expense $2,700
  • Operating Expense $15,259
  • Gross Income $141,000
  • Net Operating Income $124,052

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,689

Year Built

Built in 2019

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Corridor-Interior Entrance
  • Stories: 3
  • Year Built: 2019
  • Built Before 1978 (Y/N): No
  • Information: 48-Hr Notice Required
  • Estimated Age: 1-6 Years
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 10
  • Total Bedrooms: 11
  • Basement Description: None
  • Fire Protection: Smoke or Fire Protectors
  • Fireplaces: 6
  • Drive-In Doors: 6
  • Dishwashers: 6
  • Refrigerators: 6
  • Ranges: 6
  • Number of Washers: 6
  • Room: 0

Exterior Features

  • Construction Materials: Wood Frame
  • Foundation Details: Concrete Perimeter
  • Exterior Building Type: Vinyl Siding,Brick
  • Roof Structure: Flat

Garage/Parking

  • Outdoor Parking: 1-5 Spaces
  • Indoor Parking: 1-5 Spaces

Utilities

  • Cooling: Central Air, Central Individual
  • Electric: Circuit Breakers, Separate Meters
  • Utilities: Sanitary Sewer, Water-Community
  • Heat/Ventilation: Central Heat/Indiv Controls,Forced Air,Gas
  • Leased Washer Dryer YN: No

Condo/Co-op/Association

  • Unincorporated (Y/N): No
  • Conversion YN: N
  • Owners Association (Y/N): No

Fee Information

  • Trash Expense: 3422
  • Water Sewer Expenses: 2700
  • Operating Expense Includes: Gardener,Other,Snow Removal

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.18
  • Lot Dimensions: 60X133

Rental Info

  • Tenant Pays: Air Conditioning, Electricity, Heat
  • Board Number: 10
  • Tenancy Type: Leases

Building Info

  • Building Unit Info: Smoke/Alarm Detector

Multi Family

  • Net Operating Income: 124052
  • Insurance Expense: 2300
  • ElectricExpense: 600
  • GrossIncome: 141000
  • Maintenance Expense: 150
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 15259
  • Type Multi-Family: Corridor-Interior Entrance

Tax Info

  • Tax Annual Amount: 1688.56
  • Tax Year: 2019

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/12/2021 08/12/21 Sold $1,530,000 -15.0% $911 / Sq Ft
07/19/2021 07/19/21 Pending -- -- --
07/07/2021 07/07/21 For Sale $1,799,000 +1140.7% $1,071 / Sq Ft
08/19/2013 08/19/13 Sold $145,000 -6.4% $86 / Sq Ft View Prior Sale
05/15/2013 05/15/13 Pending -- -- --
05/08/2013 05/08/13 For Sale $154,900 -- $92 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Janet Marinis

    Seller's Agent in 2021

    Janet Marinis

    @ Properties

    (708) 721-7791

    3 in this area

    73 Total Sales

    Janet Marinis
    Section Image
  • Katerina Pavlova

    Buyer's Agent in 2021

    Katerina Pavlova

    Pavlova Properties

    (201) 496-8976

    4 in this area

    185 Total Sales

    Katerina Pavlova
    Section Image
  • Laura Catrambone-Gerace

    Seller's Agent in 2013

    Laura Catrambone-Gerace

    Coldwell Banker Stratford Place

    (708) 212-4905

    2 in this area

    186 Total Sales

    Laura Catrambone-Gerace
    Section Image
  • Mary Wallace

    Buyer's Agent in 2013

    Mary Wallace

    Coldwell Banker Realty

    (708) 203-1412

    605 Total Sales

    Mary Wallace
    Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11147884

Midwest Real Estate Data (MRED)

APN: 18-03-422-062

Illinois Cook County Brookfield 60513

4531 Forest Ave, Brookfield, IL

Not Listed for Sale

MultiFamily

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