NOT LISTED FOR SALE

7240 Franklin St Unit 2B Forest Park, IL 60130

Estimated Value: $263,000 - $310,832

1 Bed
1.5 Baths
-- Sq Ft
$305/mo HOA Fee

Last Sold February 20, 2024

Last sale price $280,000

Est. 3% increase in value since last sale

Current estimated payment $2,426/month

39 Days on Market

Highlights

  • Wood Flooring
  • Forced Air Heating and Cooling System
  • Dogs and Cats Allowed
  • 1 Car Attached Garage
  • Combination Dining and Living Room
  • Community Storage Space

About This Home

As of February 2024

RARELY AVAILABLE timber loft - you don't want to miss! This stylish and spacious unit building features 12-foot ceilings, large exposed solid timber beams, brick walls, hardwood flooring, ample closet space, and a wood-burning fireplace. OPEN FLOOR PLAN - living and dining rooms both overlook the kitchen, creates a vast space with endless design possibilities. All STAINLESS kitchen appliances have been replaced in the last 4 years. Additionally, the large bedroom is tucked away from the main living area. Both bathrooms have been recently updated, and the unit was painted in 2022. The in-unit laundry was also replaced in 2022. This 1-bedroom unit can be easily configured to include an additional sleeping area or a private office space. The building has ELEVATOR, a heated garage (deeded space included in price), storage locker in the basement and a spectacular ROOFTOP deck with a view of the Chicago skyline. Professionally managed association with SIGNIFICANT RESERVES. Building well maintained- ROOF REPLACED in 2020 and whole building TUCKPOINTED in 2021. This unit is located within a few minute walk to both the shopping and restaurants of downtown Oak Park & downtown Forest Park along with the Metra and CTA Green Line for easy access to downtown.

Last Agent to Sell the Property

Michael Dmyterko

Berkshire Hathaway HomeServices Chicago License #475124340 Listed on: 11/30/2023

Berkshire Hathaway HomeServices Chicago

Last Buyer's Agent

Linda Rooney

Berkshire Hathaway HomeServices Chicago License #475162641

Berkshire Hathaway HomeServices Chicago

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,619

Lot Details

  • 9,540

HOA Fees

  • $305 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Heated Garage
  • Parking Included in Price

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 4-Story Property
  • Wood Burning Fireplace
  • Living Room with Fireplace
  • Combination Dining and Living Room
  • Wood Flooring

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Potential Bedroom

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Utilities

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

Listing and Financial Details

  • Homeowner Tax Exemptions

Community Details

Overview

  • Association fees include water, insurance, lawn care, scavenger, snow removal
  • 13 Units
  • Barry Dodero Association, Phone Number (708) 622-9246
  • Property managed by Master Care

Amenities

  • Community Storage Space
  • Elevator

Pet Policy

  • Dogs and Cats Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,619

Lot Details

0

HOA Fees

$305 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo-Loft
  • Ownership: Condo
  • New Construction: No
  • Property Sub-Type: Condo-Loft
  • Age: Unknown
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Unit Floor Level: 2
  • New Construction Y/N: No
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 4

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal
  • Basement: None
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bathrooms: 2
  • Total Bedrooms: 1
  • Fireplace Features: Wood Burning
  • Fireplaces: 1
  • Interior Amenities: Elevator, Hardwood Floors, Laundry Hook-Up in Unit
  • Room Type: No additional rooms
  • Stories Total: 4
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Combined w/ LivRm
  • Fireplace Location: Living Room
  • Total Sq Ft: 0

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 1
  • ParkingTotal: 1
  • Garage Details: Heated
  • Garage On-Site: Yes
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Natural Gas, Forced Air
  • Laundry Features: In Unit
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK
  • Association Fee: 305
  • Association Amenities: Elevator(s), Storage
  • Association Fee Frequency: Monthly
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: Master Care
  • Management Contact Name: Barry Dodero
  • Management Phone: 708-622-9246
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Water, Insurance, Lawn Care, Scavenger, Snow Removal

Lot Info

  • Lot Dimensions: COMMON
  • Special Assessments: N

Rental Info

  • Board Number: 16
  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: Yes
  • Max Pet Weight: 999

Tax Info

  • Tax Annual Amount: 5619.16
  • Tax Year: 2022
  • Tax Exemptions: Homeowner

Multi Family

  • Units in Building: 13

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 30, 2023
Closed on
Feb 8, 2024
Sold by
Sandusky Eric
Bought by
Dellamaria Archibald Standish
Seller's Agent
Michael Dmyterko
Berkshire Hathaway HomeServices Chicago
Buyer's Agent
Linda Rooney
Berkshire Hathaway HomeServices Chicago
List Price
$299,900
Sold Price
$280,000
Premium/Discount to List
-$19,900
-6.64%
Views
686
Current Estimated Value
$289,458

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$9,458
Avg. Annual Appreciation
1.99%

Purchase Details

Closed on
Apr 11, 2017
Sold by
Lenhoff Fred
Bought by
Sandusky Eric

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,850
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 10, 2014
Closed on
May 27, 2015
Sold by
Loving Richard M
Bought by
Lenhoff Fred
Seller's Agent
Colleen Navigato
Compass
Buyer's Agent
Linda Von Vogt
Baird & Warner
List Price
$221,000
Sold Price
$190,000
Premium/Discount to List
-$31,000
-14.03%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.12%
Original Mortgage
$152,000
Interest Rate
4.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 15, 2011
Sold by
Loving Richard M
Bought by
Decl Loving Richard M and Richard Maris Loving 2004 Declaration Of

Purchase Details

Closed on
Nov 3, 2006
Sold by
Bearman Wilson Shirley J
Bought by
Loving Richard M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
6.37%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 25, 1994
Sold by
Silver Moon Ltd Partnership
Bought by
Reith Patrick J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,100
Interest Rate
7.84%
Source: Public Records

Range of Values:

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Average Value
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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

Date Buyer Sale Price Title Company
Dellamaria Archibald Standish $280,000 None Listed On Document
Sandusky Eric $203,000 Baird & Warner Title Service
Lenhoff Fred $190,000 Chicago Title
Decl Loving Richard M -- None Available
Loving Richard M $280,000 Prairie Title
Reith Patrick J $92,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sandusky Eric $192,850
Previous Owner Lenhoff Fred $152,000
Previous Owner Loving Richard M $200,000
Previous Owner Reith Patrick J $124,100
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/20/2024 02/20/24 Sold $280,000 -6.6% --
01/09/2024 01/09/24 Pending -- -- --
11/30/2023 11/30/23 For Sale $299,900 +57.8% --
05/27/2015 05/27/15 Sold $190,000 -2.6% $145 / Sq Ft View Prior Sale
04/20/2015 04/20/15 Pending -- -- --
03/22/2015 03/22/15 Price Changed $195,000 -4.9% $149 / Sq Ft
03/02/2015 03/02/15 Price Changed $205,000 -3.8% $157 / Sq Ft
02/12/2015 02/12/15 Price Changed $213,000 -1.8% $163 / Sq Ft
01/05/2015 01/05/15 Price Changed $217,000 -1.8% $166 / Sq Ft
11/10/2014 11/10/14 For Sale $221,000 -- $169 / 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
2024 $7,188 $27,248 $669 $26,579
2023 $5,619 $27,248 $669 $26,579
2022 $5,619 $19,099 $752 $18,347
2021 $5,368 $19,098 $752 $18,346
2020 $5,307 $19,098 $752 $18,346
2019 $6,105 $20,768 $685 $20,083
2018 $5,977 $20,768 $685 $20,083
2017 $5,866 $20,768 $685 $20,083
2016 $5,525 $17,915 $618 $17,297
2015 $6,319 $17,915 $618 $17,297
2014 $6,200 $17,915 $618 $17,297
2013 $6,768 $20,927 $618 $20,309
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11936595

Midwest Real Estate Data (MRED)

APN: 15-12-412-022-1005