NOT LISTED FOR SALE

4816 157th St Oak Forest, IL 60452

29 Beds
29 Baths
-- Sq Ft
0.33 Acres

Last Sold May 11, 2018

Last sale price $1,000,000

64 Days on Market

About This Home

As of May 2018

A very solid investment opportunity to add to your portfolio. Long-time tenants, normal expenses, recent improvements and low maintenance. Good rate of return on your cash investment of over 15%, including tax and depreciation benefits. Call today for a showing and details. Ideal location within walking distance to Metra rail transportation and expressways are nearby also.

Last Agent to Sell the Property

Bill Groebe

Coldwell Banker Realty License #471000821 Listed on: 01/01/2018

Coldwell Banker Realty

Co-Listed By

Sue Keane

Coldwell Banker Realty License #475128755

Last Buyer's Agent

Ewa Kostecka

Realty Executives Elite License #475159389

Realty Executives Elite

Property Details

Home Type

  • Multi-Family

Year Built

  • 1970

Lot Details

  • 0.33

Home Design

  • Brick Exterior Construction
  • Slab Foundation

Community Details

  • Fuel Expense $5,050
  • Insurance Expense $7,869

Listing and Financial Details

  • Tenant pays for air conditioning, electric
  • $4,000 Seller Concession

Property Details

Home Type

Multi-Family

Year Built

1970

Lot Details

0

Listing Details

  • Property Type: Multi Family 5+
  • Built Before 1978 (Y/N): Yes
  • Ownership Type: Individual
  • Utilities To Site: Sanitary Sewer to Site, Water to Site
  • Zoning Type: MULTI
  • Estimated Age: 36-50 Years
  • Net Operating Income Year: 2016
  • Net Oper Income: 149249
  • Total Annual Exp: 18396
  • Total Annual Income: 174645
  • Total Monthly Income: 13970
  • Number of Ranges: 29
  • Number Of Refrigs: 29
  • Number Of Stories: 3
  • Estimated Year Built: 1970
  • Type Multi Family: Flats
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1970

Exterior Features

  • Foundation: Concrete
  • Exterior Building Type: Brick
  • Construction: Brick

Garage/Parking

  • Number Of Parking Spaces: 31

Utilities

  • Heatventilation: Central Bldg Heat, Gas
  • Water Expense: 11329

Condo/Co-op/Association

  • Units in Building: 29

Fee Information

  • Electricity Expense: 507
  • Janitor Expense: 1490

Lot Info

  • Lot Dimensions: 100X143.52
  • Parcel Identification Number: 28164070270000

Rental Info

  • Gross Rental Income: 167645
  • Tenant Pays: Air Conditioning, Electric

Multi Family

  • Expense Year: 2016
  • Fuel Expense: 5050
  • Insurance Expense: 7869
  • Number Of Dryers: 1
  • Number Of Washers: 2

Tax Info

  • Taxes: 60,817

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 22, 2022
Sold by
4816 W 157Th Street Llc
Bought by
Deshe At 157Th Llc

Purchase Details

Closed on
Mar 21, 2019
Sold by
Premier Housing Group Llc
Bought by
4816 West 157Th Street Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,039,000
Interest Rate
4.4%
Mortgage Type
Commercial

Purchase Details

Listed on
Jan 1, 2018
Closed on
May 11, 2018
Sold by
Park Hee Vong and Park Sook Ja
Bought by
Premier Housing Group Llc
Seller's Agent
Bill Groebe
Coldwell Banker Realty
Buyer's Agent
Ewa Kostecka
Realty Executives Elite
List Price
$1,250,000
Sold Price
$1,000,000
Premium/Discount to List
-$250,000
-20%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Interest Rate
4.44%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 10, 2003
Sold by
Kavanaugh John E and Kavanaugh Patricia E
Bought by
Park Hee Vong and Park Sook Ja

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$660,000
Interest Rate
6.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 6, 1996
Sold by
Bank Of Chicago
Bought by
Kavanaugh John E and Kavanaugh Patricia E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$564,000
Interest Rate
8.37%
Mortgage Type
Commercial
Source: Public Records
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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
Deshe At 157Th Llc $1,711,000 None Listed On Document
4816 West 157Th Street Llc $1,334,000 Barrister Title
Premier Housing Group Llc $1,000,000 Chicago Title Insurance Comp
Park Hee Vong -- First American Title
Kavanaugh John E $705,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 4816 West 157Th Street Llc $1,039,000
Previous Owner Premier Housing Group Llc $800,000
Previous Owner Park Hee Vong $660,000
Previous Owner Kavanaugh John E $564,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/11/2018 05/11/18 Sold $1,000,000 -20.0% --
03/06/2018 03/06/18 Pending -- -- --
02/14/2018 02/14/18 For Sale $1,250,000 0.0% --
01/20/2018 01/20/18 Pending -- -- --
01/01/2018 01/01/18 For Sale $1,250,000 -- --
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 $2,185 $517,086 $17,640 $499,446
2024 $2,185 $193,023 $6,042 $186,981
2023 $31,463 $6,042 $6,042 --
2022 $31,463 $67,544 $11,481 $56,063
2021 $60,607 $133,397 $11,480 $121,917
2020 $58,432 $133,399 $11,480 $121,919
2019 $63,115 $140,657 $10,763 $129,894
2018 $43,885 $100,000 $10,763 $89,237
2017 $61,390 $140,538 $10,763 $129,775
2016 $62,603 $137,958 $9,328 $128,630
2015 $60,817 $137,958 $9,328 $128,630
2014 $59,310 $137,958 $9,328 $128,630
2013 $52,841 $137,958 $9,328 $128,630
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD09824312

Midwest Real Estate Data (MRED)

APN: 28-16-407-027-0000