NOT LISTED FOR SALE

516 Beloit Ave Forest Park, IL 60130

Estimated Value: $530,000 - $661,000

6 Beds
3 Baths
2,328 Sq Ft
$255/Sq Ft Est. Value

Last Sold December 09, 2020

Last sale price $475,000 $204 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $4,171/month

46 Days on Market

Highlights

  • Deck
  • English Architecture
  • 3 Car Detached Garage
  • Property is near park
  • Community Pool
  • Heating System Uses Steam

About This Home

As of December 2020

Beautifully redone brick 2-flat on extra wide (65') lot in ideal location! All new electric w/200 amp service, all PVC replaced w/copper & new 1.5" service. Gorgeous slate roof as good as new! Classic brick exterior freshly tuckpointed & power washed. Floors refinished, new light fixtures & fresh paint. Top floor unit with all new KT and bath. Duplex down w/ brand new classic white kitchen - cabinets, appliances & c-tops, one brand new bath & one updated. Both units have in-unit laundry and multiple options for a home office. Perfect armchair investment or live in one and rent the other while you enjoy your large, lush and private yard. Or easy convert to a gracious single family. Plenty of parking for all with 3 spots and a 3 car garage. Moments to Madison and all that Forest Park offers + easy access to expressway and Blue line

Last Agent to Sell the Property

Mary MacDiarmid

@properties Christie's International Real Estate License #471009242 Listed on: 08/31/2020

@properties Christie's International Real Estate

Last Buyer's Agent

Yvette Jones

Real People Realty License #475131567

Real People Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,974

Year Built

  • Built in 1906 | Remodeled in 2020

Lot Details

  • 8,276 Sq Ft Lot
  • Lot Dimensions are 65x127
  • Paved or Partially Paved Lot

Parking

  • 3 Car Detached Garage
  • Garage Door Opener
  • Off Alley Parking
  • Parking Included in Price

Home Design

  • English Architecture
  • Brick Exterior Construction
  • Slate Roof

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Potential Bedrooms
  • 3 Bathrooms

Schools

  • Garfield Elementary School
  • Forest Park Middle School
  • Proviso East High School

Utilities

  • Heating System Uses Steam
  • Lake Michigan Water

Additional Features

  • Basement Fills Entire Space Under The House
  • Deck
  • Property is near park

Listing and Financial Details

  • Senior Tax Exemptions
  • Homeowner Tax Exemptions

Community Details

Overview

  • 2 Units

Recreation

  • Community Pool

Building Details

  • Fuel Expense $130
  • Water Sewer Expense $70

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,974

Year Built

Built in 1906 | Remodeled in 2020

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: English
  • New Construction: No
  • Year Built: 1906
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2020
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2020

Interior Features

  • Basement: Full
  • Total Bathrooms: 3
  • Total Bedrooms: 6
  • Basement Description: Finished
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Microwave,Window Air Conditioner,Garage/Space,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Microwave,Window Air Conditioner,Laundry Hook-Up

Exterior Features

  • ExteriorFeatures: Deck, Storms/Screens
  • Roof: Slate
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 3
  • Parking Features: Off Alley
  • ParkingTotal: 6
  • Garage Details: Garage Door Opener(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage,Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Steam
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Community Features: Park, Pool, Curbs, Sidewalks, Street Lights, Street Paved

Fee Information

  • Water Sewer Expenses: 70

Schools

  • Elementary School: Garfield Elementary School
  • High School: Proviso East High School
  • Middle/Junior School: Forest Park Middle School

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.19
  • Lot Dimensions: 65X127
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Is Parking Included in Price: Yes

Multi Family

  • Fuel Expense: 130
  • Units in Building: 2
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 2 Flat

Tax Info

  • Tax Annual Amount: 7974.45
  • Tax Year: 2018
  • Tax Exemptions: Homeowner,Senior

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 31, 2020
Closed on
Dec 4, 2020
Sold by
Dark Star Development Llc
Bought by
Farmer Sylvester
Seller's Agent
Mary MacDiarmid
@properties Christie's International Real Estate
Buyer's Agent
Yvette Jones
Real People Realty
List Price
$495,000
Sold Price
$475,000
Premium/Discount to List
-$20,000
-4.04%
Current Estimated Value
$593,400

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$118,400
Avg. Annual Appreciation
4.50%
Original Mortgage
$485,925
Outstanding Balance
$429,619
Interest Rate
2.7%
Mortgage Type
VA
Estimated Equity
$163,781

Purchase Details

Closed on
Dec 6, 2019
Sold by
Giuliano Donald G and Giuliano Lydia
Bought by
Dark Star Development Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,000
Interest Rate
3.7%
Mortgage Type
New Conventional
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
Farmer Sylvester $475,000 Chicago Title Company
Dark Star Development Llc $300,000 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Farmer Sylvester $485,925
Previous Owner Dark Star Development Llc $275,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/09/2020 12/09/20 Sold $475,000 0.0% $204 / Sq Ft
10/16/2020 10/16/20 Pending -- -- --
10/12/2020 10/12/20 Price Changed $475,000 -4.0% $204 / Sq Ft
08/31/2020 08/31/20 For Sale $495,000 -- $213 / Sq Ft
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 $12,821 $46,000 $8,255 $37,745
2024 $12,821 $46,000 $8,255 $37,745
2023 $12,554 $46,000 $8,255 $37,745
2022 $12,554 $38,449 $5,366 $33,083
2021 $14,014 $41,164 $5,365 $35,799
2020 $13,656 $41,164 $5,365 $35,799
2019 $9,920 $34,347 $5,365 $28,982
2018 $7,974 $34,347 $5,365 $28,982
2017 $9,535 $34,347 $5,365 $28,982
2016 $9,372 $31,970 $4,953 $27,017
2015 $9,691 $31,970 $4,953 $27,017
2014 $9,541 $31,970 $4,953 $27,017
2013 $9,497 $33,873 $4,953 $28,920
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10840550

Midwest Real Estate Data (MRED)

APN: 15-13-210-004-0000