NOT LISTED FOR SALE

4816 157th St Oak Forest, IL 60452

Oak Forest Area

Estimated Value: $1,895,871

29 Beds
29 Baths
-- Sq Ft
0.33 Acre Lot

Sale Details

Date Sold: May 11, 2018

Last sale price $1,000,000 $0 Per Sq Ft

Est. 90% increase in value since last sale

Current estimated payment $10,482 / mo

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

0.33 Acres

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 22, 2022
Sold by
Bought by
Current Estimated Value
$1,895,871

Purchase Details

Closed on
Mar 21, 2019
Sold by
Bought by

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
Bought by
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.
Avg. Annual Appreciation
8.14%
Original Mortgage
$800,000
Interest Rate
4.44%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 10, 2003
Sold by
Bought by

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
Bought by

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

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,711,000 None Listed On Document
$1,334,000 Barrister Title
$1,000,000 Chicago Title Insurance Comp
-- First American Title
$705,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $1,039,000
Previous Owner $800,000
Previous Owner $660,000
Previous Owner $564,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 -- $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

  • B

    Seller's Agent in 2018

    Bill Groebe

    Coldwell Banker Realty

    Section Image

  • S

    Seller Co-Listing Agent in 2018

    Sue Keane

    Coldwell Banker Realty

    Section Image
  • Ewa Kostecka

    Buyer's Agent in 2018

    Ewa Kostecka

    Realty Executives

    (773) 679-0385

    11 Total Sales

    Ewa Kostecka
    Section Image
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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

Illinois Cook County Oak Forest 60452

4816 157th St, Oak Forest, IL

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Midwest Real Estate Data (MRED) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID

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