NOT LISTED FOR SALE

4607 Forest Ave Brookfield, IL 60513

11 Beds
6 Baths
-- Sq Ft
1976 Built

Last Sold September 27, 2023

Last sale price $770,000

4 Days on Market

About This Home

As of September 2023

Rarely available 6 unit building in desirable Brookfield. 5- 2bdrm 1bth units and 1- 1bdrm 1bth unit. 4 updated units with, new appliances, new flooring. All units have private outdoor balconies. Roof less than 10 yrs old. Extra income from coin laundry. Storage for each unit. 8 parking spaces. Rents can be raised significantly higher. Long term tenants. Lyons Township HS district. This is an excellent investment opportunity.

Last Agent to Sell the Property

David Kumskis

One Eighty Real Estate Group License #471012724 Listed on: 08/15/2023

Last Buyer's Agent

Edward Linares

Baird & Warner License #475200489

Baird & Warner

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,124

Year Built

  • Built in 1976

Parking

  • 6 to 12 Parking Spaces

Home Design

  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 6 Bathrooms

Additional Features

  • 2-Story Property
  • Radiator

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $831
  • Fuel Expense $7,163
  • Insurance Expense $3,700
  • Maintenance Expense $3,000
  • Trash Expense $1,874
  • Water Sewer Expense $3,681
  • Operating Expense $20,249
  • Gross Income $83,100
  • Net Operating Income $44,727

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,124

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Flats
  • Stories: 2
  • Year Built: 1976
  • Built Before 1978 (Y/N): Yes
  • Information: 24-Hr Notice Required,List Broker Must Accompany
  • Estimated Age: Older
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 6
  • Total Bedrooms: 11
  • Possible Use: Condominium
  • Basement Description: None
  • Room: 0

Exterior Features

  • Construction Materials: Brick

Garage/Parking

  • Outdoor Parking: 6-12 Spaces

Utilities

  • Heat/Ventilation: Radiators

Condo/Co-op/Association

  • Owners Association (Y/N): No

Fee Information

  • Trash Expense: 1874
  • Water Sewer Expenses: 3681

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 9310

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 10

Multi Family

  • Net Operating Income: 44727
  • Fuel Expense: 7163
  • Insurance Expense: 3700
  • ElectricExpense: 831
  • GrossIncome: 83100
  • Maintenance Expense: 3000
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 20249
  • Type Multi-Family: Flats

Tax Info

  • Tax Annual Amount: 18124
  • Tax Year: 2021
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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
09/27/2023 09/27/23 Sold $770,000 -2.4% --
08/20/2023 08/20/23 Pending -- -- --
08/15/2023 08/15/23 For Sale $789,000 -- --
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
2025 $19,430 $63,423 $6,750 $56,673
2024 $19,430 $63,423 $6,750 $56,673
2023 $18,955 $63,423 $6,750 $56,673
2022 $18,955 $52,659 $5,819 $46,840
2021 $18,125 $52,658 $5,818 $46,840
2020 $9,005 $52,658 $5,818 $46,840
2019 $10,551 $50,018 $5,353 $44,665
2018 $10,158 $50,018 $5,353 $44,665
2017 $9,493 $50,018 $5,353 $44,665
2016 $11,575 $38,074 $4,655 $33,419
2015 $11,717 $38,074 $4,655 $33,419
2014 $11,317 $38,074 $4,655 $33,419
2013 $11,889 $41,569 $4,655 $36,914
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11847460

Midwest Real Estate Data (MRED)