NOT LISTED FOR SALE

517 Thomas Ave Forest Park, IL 60130

4 Beds
3 Baths
-- Sq Ft
1888 Built

Last Sold January 17, 2025

Last sale price $449,000

7 Days on Market

Highlights

  • Deck
  • Property is near park
  • Forced Air Heating System

About This Home

As of January 2025

Investors Delight! Both Units duplexed with tons of room making this a very desirable property for owners and tenants alike. Both Units have In-Unit, Full, Side by Side Laundry. Huge side yard adds beauty and natural light to the rentals. Rents reported based on last tenants leases. With a little clean up, rents can be increased to add to cash flow positive. Both Units have additional living space that could be converted to, or used as, additional bedroom. New roof May 2024. Newer Vinyl Windows. 6 parking spaces for additional income. Close to Blue Line, Parks, Highway Access and Shopping.

Last Agent to Sell the Property

Greg Nagel

Ask Nagel License #471017591 Listed on: 12/06/2024

Last Buyer's Agent

Louise Nix

Berkshire Hathaway HomeServices Chicago

Berkshire Hathaway HomeServices Chicago

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,216

Year Built

  • Built in 1888

Home Design

  • Frame Construction
  • Asphalt Roof
  • Cedar

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 3 Bathrooms

Parking

  • 6 Car Garage
  • Parking Available
  • Side Facing Garage
  • Additional Parking
  • Off Alley Parking

Schools

  • Garfield Elementary School
  • Field Stevenson Elementary Schoo Middle School

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Additional Features

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

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,216

Year Built

Built in 1888

Lot Details

0 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1888
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Train,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Closed
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Partially Finished, Full
  • Total Bathrooms: 3
  • Total Bedrooms: 4
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Fireplace-Wood,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher

Exterior Features

  • Construction Materials: Cedar, Frame
  • OtherStructures: Garage Faces Side
  • Patio And Porch Features: Deck
  • Roof: Asphalt
  • Waterfront: No

Garage/Parking

  • Parking Features: Off Alley, Additional Parking, Garage Faces Side, Yes
  • ParkingTotal: 6

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Forced Air
  • Water Source: Lake Michigan, Public

Condo/Co-op/Association

  • Community Features: Park, Sidewalks

Schools

  • Elementary School: Garfield Elementary School
  • Middle/Junior School: Field Stevenson Elementary Schoo

Lot Info

  • Lot Dimensions: 6350
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8

Tax Info

  • Tax Annual Amount: 13215.96
  • Tax Year: 2023
  • Tax Exemptions: None

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 2 Flat
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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
01/17/2025 01/17/25 Sold $449,000 0.0% --
12/13/2024 12/13/24 Pending -- -- --
12/06/2024 12/06/24 For Sale $449,000 -- --
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 $13,216 $39,589 $6,350 $33,239
2024 $13,216 $39,589 $6,350 $33,239
2023 $9,152 $44,000 $6,350 $37,650
2022 $9,152 $25,536 $4,128 $21,408
2021 $8,693 $25,534 $4,127 $21,407
2020 $8,471 $25,534 $4,127 $21,407
2019 $10,044 $28,525 $4,127 $24,398
2018 $9,837 $28,525 $4,127 $24,398
2017 $9,621 $28,525 $4,127 $24,398
2016 $9,086 $25,355 $3,810 $21,545
2015 $8,944 $25,355 $3,810 $21,545
2014 $8,775 $25,355 $3,810 $21,545
2013 $9,140 $28,262 $3,810 $24,452
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12221392

Midwest Real Estate Data (MRED)
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