Seller's Agent in 2022
Colleen Mclaughlin
Coldwell Banker Realty
(708) 606-2881
5 in this area
87 Total Sales
5722 Independence Ave Oak Forest, IL 60452
11
Beds
6
Baths
--
Sq Ft
1977
Built
Highlights
- Laundry Room
- Central Heating
- Heating System Uses Steam
- Oak Forest High School Rated A-
- Baseboard Heating
About This Home
As of May 2022Fantastic investment opportunity! Fully rented and ready to make you money. This building is a 6 unit with 5 Two bedroom, one bath units and 1 One bedroom 1 bath unit. In building laundry with 2 coin operated washers and 2 coin operated dryers for extra income. Parking lot out back with 12 spots for residents. Since 2016 a new Boiler has been installed as well as new washer/ dryer, numerous a/c wall units, many new appliances, new siding in the front, some units with new vinyl flooring, new patio door to be installed by April for unit 2E. Owner projects rents to go up when new leases signed (see info in additional information). Last five years over 99% occupancy.
Last Agent to Sell the Property
Coldwell Banker Realty License #471003297 Listed on: 03/09/2022
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $21,161
Year Built
- Built in 1977
Lot Details
- Lot Dimensions are 69x133x69x133
Home Design
- Gable Roof Shape
- Composition Roof
- Concrete Perimeter Foundation
Interior Spaces
- 3-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 11 Bedrooms
- 6 Bathrooms
Utilities
- Window Unit Cooling System
- Central Heating
- Baseboard Heating
- Hot Water Heating System
- Heating System Uses Steam
- Separate Meters
Listing and Financial Details
- Tenant pays for air conditioning, electricity
Community Details
Overview
- 6 Units
Building Details
- Electric Expense $669
- Fuel Expense $3,650
- Insurance Expense $2,763
- Maintenance Expense $3,914
- Other Expense $1,546
- Trash Expense $1,039
- Water Sewer Expense $8,630
- Operating Expense $42,372
- Gross Income $77,660
- Net Operating Income $36,763
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/06/2022 05/06/22 | Sold | $580,000 | +5.5% | -- | |
| 03/16/2022 03/16/22 | Pending | -- | -- | -- | |
| 03/09/2022 03/09/22 | For Sale | $550,000 | +32.5% | -- | |
| 11/11/2016 11/11/16 | Sold | $415,000 | -6.9% | -- | View Prior Sale |
| 08/31/2016 08/31/16 | Pending | -- | -- | -- | |
| 08/06/2016 08/06/16 | For Sale | $445,900 | -- | -- |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
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 | $20,614 | $57,001 | $4,568 | $52,433 |
| 2024 | $20,614 | $57,001 | $4,568 | $52,433 |
| 2023 | $22,505 | $57,001 | $4,568 | $52,433 |
| 2022 | $22,505 | $48,313 | $4,060 | $44,253 |
| 2021 | $21,950 | $48,312 | $4,060 | $44,252 |
| 2020 | $21,162 | $48,312 | $4,060 | $44,252 |
| 2019 | $18,397 | $41,000 | $3,806 | $37,194 |
| 2018 | $17,993 | $41,000 | $3,806 | $37,194 |
| 2017 | $17,910 | $41,000 | $3,806 | $37,194 |
| 2016 | $18,454 | $40,668 | $3,552 | $37,116 |
| 2015 | $17,928 | $40,668 | $3,552 | $37,116 |
| 2014 | $17,484 | $40,668 | $3,552 | $37,116 |
| 2013 | $13,335 | $34,815 | $3,552 | $31,263 |
Source: Public Records
Agents Affiliated with this Home
-
Colleen Mclaughlin
-
Kathy Paluch
K
Buyer's Agent in 2022
Kathy Paluch
Realty One Group Heartland
(708) 645-8500
3 in this area
32 Total Sales
-
Shannon George
S
Seller's Agent in 2016
Shannon George
Hoff, Realtors
(708) 277-8738
1 in this area
8 Total Sales
-
M
Buyer's Agent in 2016
Maria Williams
Coldwell Banker Realty
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11342902
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