NOT LISTED FOR SALE
21 Beds
11 Baths
-- Sq Ft
2,614 Sq Ft Lot

Sale Details

Date Sold: August 29, 2022

Last sale price $635,000

21 Days on Market

Highlights

  • Zoned Heating System
  • Oak Forest High School Rated A-
  • Baseboard Heating

About This Home

As of August 2022

This six unit building located at 5819 Corey Lane, Oak Forest, Il is clean, quiet and is currently fully occupied. Exterior of the building, landscaping, snow removal is completed by the Oak Terrance maintenance association. Amenities include pool, tennis courts and common quad area. Building has boiler heat, 2 washer and 2 dryers in a common usage area on the 1st floor. Each unit equipped with refrigerator/freezer, dishwasher, and stove. Each unit contains a through the wall air condition. First floor units include one 1 bedroom and one 2 bedroom apartment. Second and third floor each has two 2 bedroom unit. Building has been well maintained by current owner for the last 47 years. This is a turn key operation.

Last Agent to Sell the Property

Derek Eisenberg

Continental Real Estate Group License #471011777 Listed on: 07/13/2022

Last Buyer's Agent

Erika Villegas

Re/Max In The Village License #471020421

Re/Max In The Village

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,305

Year Built

  • Built in 1979

Lot Details

  • 2,614

Bedrooms and Bathrooms

  • 21 Bedrooms
  • 11 Bathrooms

Utilities

  • Window Unit Cooling System
  • Zoned Heating System
  • Baseboard Heating
  • Hot Water Heating System
  • Heating System Uses Gas
  • Separate Meters
  • 120/240V
  • 100 Amp Service

Additional Features

  • 3-Story Property
  • 2,614 Sq Ft Lot

Listing and Financial Details

  • Tenant pays for air conditioning, electricity

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $828
  • Fuel Expense $4,795
  • Insurance Expense $1,554
  • Maintenance Expense $4,000
  • Water Sewer Expense $4,615
  • Operating Expense $34,082
  • Gross Income $85,685
  • Net Operating Income $51,598

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,305

Year Built

Built in 1979

Lot Details

2,614 Sq Ft Lot

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Corridor-Interior Entrance
  • Stories: 3
  • Year Built: 1979
  • Built Before 1978 (Y/N): No
  • Information: Show-Call Owner,48-Hr Notice Required
  • Estimated Age: 36-50 Years
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 11
  • Total Bedrooms: 21
  • Fire Protection: Alarm On Site,Fire Extinguisher/s,Smoke or Fire Protectors,Sprinklers-Wet
  • Fireplaces: 2
  • Dishwashers: 6
  • Refrigerators: 6
  • Number of Washers: 2
  • Room: 0

Exterior Features

  • Frontage Type: Township Road
  • Misc Outside: Balcony/ies,Courtyard,Enclosed Stairs,Handicapped Access,Patio,Security Lighting,Storms and Screens (as exist)

Garage/Parking

  • Outdoor Parking: 6-12 Spaces,Common Parking,Lighted,Open,Paved,Private Lot

Utilities

  • Cooling: Window Unit(s)
  • Electric: Circuit Breakers, Fuses, Separate Meters, Service - 101 to 200 Amps, Power - 240V
  • Utilities: Sanitary Sewer, Water-Municipal
  • Heat/Ventilation: Central Heat/Indiv Controls,Gas,Hot Water,Baseboard,Zoned

Fee Information

  • Water Sewer Expenses: 4615

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.06
  • Lot Dimensions: .06

Rental Info

  • Tenant Pays: Air Conditioning, Electricity
  • Board Number: 10

Multi Family

  • Net Operating Income: 51598
  • Fuel Expense: 4795
  • Insurance Expense: 1554
  • ElectricExpense: 828
  • GrossIncome: 85685
  • Maintenance Expense: 4000
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 34082
  • Type Multi-Family: Corridor-Interior Entrance

Tax Info

  • Tax Annual Amount: 18305
  • Tax Year: 2020

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

Listed on
Jul 13, 2022
Closed on
Aug 29, 2022
Sold by
Bought by
Seller's Agent
Derek Eisenberg
Continental Real Estate Group
Buyer's Agent
Erika Villegas
Re/Max In The Village
List Price
$650,000
Sold Price
$635,000
Premium/Discount to List
-$15,000
-2.31%
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

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
$635,000 Old Republic Title
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
08/29/2022 08/29/22 Sold $635,000 -2.3% --
08/04/2022 08/04/22 Pending -- -- --
07/13/2022 07/13/22 For Sale $650,000 -- --
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 $21,337 $59,000 $1,625 $57,375
2024 $21,337 $59,000 $1,625 $57,375
2023 $16,871 $59,000 $1,625 $57,375
2022 $16,871 $36,217 $1,413 $34,804
2021 $17,361 $38,212 $1,413 $36,799
2020 $17,588 $40,152 $1,413 $38,739
2019 $16,790 $37,419 $1,271 $36,148
2018 $16,421 $37,419 $1,271 $36,148
2017 $17,786 $40,718 $1,271 $39,447
2016 $15,281 $33,675 $1,130 $32,545
2015 $14,845 $33,675 $1,130 $32,545
2014 $14,477 $33,675 $1,130 $32,545
2013 $12,852 $33,553 $1,130 $32,423
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11462534

Midwest Real Estate Data (MRED)

APN: 28-17-413-042

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