NOT LISTED FOR SALE

7240 Franklin St Unit 3B Forest Park, IL 60130

Estimated Value: $295,000 - $345,117

1 Bed
1.5 Baths
1,304 Sq Ft
$375/mo HOA Fee

Last Sold May 31, 2023

Last sale price $315,000 $242 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $2,693/month

3 Days on Market

Highlights

  • Rooftop Deck
  • Fireplace in Primary Bedroom
  • Wood Flooring
  • Lock-and-Leave Community
  • Vaulted Ceiling
  • Sundeck

About This Home

As of May 2023

Unicorn alert!! Check out this loft dwellers dream... This unique loft space is in the perfect location -- close to both downtown Oak Park AND downtown Forest Park (plus all the shops & restaurants), along with Metra and CTA Green Line. This south & east exposure unit has 12-foot ceilings, exposed solid timber beams & brick walls, hardwood flooring, ample closet space, along with a dual-sided wood-burning fireplace. The main living space was previously remodeled by Mark Menna, a local, award-winning kitchen designer, and includes a gourmet kitchen with custom cabinets, quartz countertops, glass backsplash tile, and stainless-steel Bosch appliances (induction stovetop). Both bathrooms have been remodeled with high end finishes and tiling -- including a walk-in shower. This 1-bedroom unit could be easily configured into 2 bedrooms. HVAC system installed in 2020, with new hot water heater, humidifier & Ecobee thermostat. This elevator building has some accessibility features, a heated garage parking space (just inside the overhead door), storage in basement and a rooftop deck with view of the Chicago skyline. So much natural light! Such a special space! Run, don't walk...to see this amazing place before it is gone.

Last Agent to Sell the Property

Cynthia Howe Gajewski

Beyond Properties Realty Group License #475121010 Listed on: 04/15/2023

Co-Listed By

Karen Baldwin

Beyond Properties Realty Group License #475162272

Last Buyer's Agent

Patricia Gibbons

@properties Christie's International Real Estate License #475159733

@properties Christie's International Real Estate

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,736

Year Renovated

  • 1995

Lot Details

  • 9,540

HOA Fees

  • $375 Monthly HOA Fees

Parking

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

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 1,304 Sq Ft Home
  • 4-Story Property
  • Vaulted Ceiling
  • Double Sided Fireplace
  • Wood Burning Fireplace
  • Entrance Foyer
  • Family Room
  • Living Room with Fireplace
  • Dining Room
  • Storage
  • Wood Flooring

Kitchen

  • Cooktop with Range Hood
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Potential Bedroom
  • Fireplace in Primary Bedroom
  • No Tub in Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Rooftop Deck

Schools

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

Utilities

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

Community Details

Overview

  • Association fees include water, parking, insurance, exterior maintenance, lawn care, scavenger, snow removal
  • 13 Units
  • Barry Dodero Association, Phone Number (708) 622-9246
  • Property managed by MasterCare
  • Lock-and-Leave Community

Amenities

  • Sundeck
  • Elevator
  • Community Storage Space

Pet Policy

  • Dogs and Cats Allowed

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,736

Year Renovated

1995

Lot Details

0

HOA Fees

$375 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo,Condo-Loft
  • Ownership: Condo
  • New Construction: No
  • Property Sub-Type: Condo,Condo-Loft
  • Age: Unknown
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: Commuter Bus,Commuter Train
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Unit Floor Level: 3
  • Rehab Year: 1995
  • New Construction Y/N: No
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 4
  • Year Renovated: 1995

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Washer, Dryer, Disposal, Stainless Steel Appliance(s), Cooktop, Range Hood
  • Basement: None
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bathrooms: 2
  • Total Bedrooms: 1
  • Fireplace Features: Double Sided, Wood Burning
  • Fireplaces: 1
  • Interior Amenities: Vaulted/Cathedral Ceilings, Hardwood Floors, Laundry Hook-Up in Unit, Storage
  • LivingArea: 1304
  • Room Type: Foyer
  • Stories Total: 4
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: None
  • Bathroom Amenities: No Tub
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Combined w/ LivRm,Kitchen/Dining Combo
  • Fireplace Location: Living Room,Master Bedroom
  • Total Sq Ft: 0
  • Flooring: Hardwood
  • ResoLivingAreaSource: Estimated

Exterior Features

  • ExteriorFeatures: Roof Deck
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 1
  • Number of Cars: 1
  • Garage Details: Garage Door Opener(s),Heated
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage

Utilities

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

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK
  • Association Fee: 375
  • Association Amenities: Elevator(s), Storage, Sundeck, Security Door Lock(s)
  • Association Fee Frequency: Monthly
  • Management: Manager Off-site
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: MasterCare
  • Management Contact Name: Barry Dodero
  • Management Phone: 708-622-9246
  • ResoAssociationFeeFrequency: Monthly

Fee Information

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

Schools

  • Elementary School: Garfield Elementary School
  • High School: Proviso East High School
  • Middle/Junior School: Forest Park Middle School
  • Junior High/Middle School #2: Proviso Mathematics and Science Academy

Lot Info

  • Lot Dimensions: CONDO
  • Rural (Y/N): N
  • 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: 6735.68
  • Tax Year: 2021

Multi Family

  • Units in Building: 13

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 15, 2023
Closed on
May 22, 2023
Sold by
Stephens Kaleb C G
Bought by
Sheppard Robert
Seller's Agent
Cynthia Howe Gajewski
Beyond Properties Realty Group
Buyer's Agent
Patricia Gibbons
@properties Christie's International Real Estate
List Price
$319,900
Sold Price
$315,000
Premium/Discount to List
-$4,900
-1.53%
Current Estimated Value
$322,029

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$7,029
Avg. Annual Appreciation
0.92%
Original Mortgage
$155,050
Outstanding Balance
$150,824
Interest Rate
6.5%
Mortgage Type
New Conventional
Estimated Equity
$171,205

Purchase Details

Listed on
Mar 5, 2021
Closed on
May 5, 2021
Sold by
Alairys Tamara D and Alairys Tamara D
Bought by
Stephens Kaleb C G
Seller's Agent
Cathy Yanda
Baird & Warner
Buyer's Agent
Cynthia Howe Gajewski
Beyond Properties Realty Group
List Price
$295,000
Sold Price
$290,000
Premium/Discount to List
-$5,000
-1.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.08%
Original Mortgage
$232,000
Interest Rate
3.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 10, 2020
Sold by
Alairys Tamara D
Bought by
Alairys Tamara D and Alairys Tamara D

Purchase Details

Listed on
Sep 5, 2013
Closed on
Nov 20, 2013
Sold by
Eichstaedt Douglas J
Bought by
Alairys Tamara D
Seller's Agent
Becky Eichstaedt
Coldwell Banker Realty
Buyer's Agent
George Morris
Jack Carpenter Orgn.
List Price
$229,900
Sold Price
$217,500
Premium/Discount to List
-$12,400
-5.39%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.34%
Original Mortgage
$170,000
Interest Rate
3.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 27, 2003
Sold by
Villarreal Olga
Bought by
Eichstaedt Douglas J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,550
Interest Rate
6%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 6, 2002
Sold by
Kling Julia G and Gibson Julia G
Bought by
Villareal Olga

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
6.23%

Purchase Details

Closed on
May 4, 2001
Sold by
Sheridan William J
Bought by
Gibson Julia G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$147,920
Interest Rate
7.02%

Purchase Details

Closed on
Mar 10, 1997
Sold by
Field David John
Bought by
Sheridan William J

Purchase Details

Closed on
Jun 27, 1994
Sold by
Silver Moon Ltd Partnership
Bought by
Field David John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,000
Interest Rate
7.12%
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
Sheppard Robert $315,000 None Listed On Document
Stephens Kaleb C G $290,000 Baird & Warner Ttl Svcs Inc
Alairys Tamara D -- Attorney
Alairys Tamara D $217,500 Multiple
Eichstaedt Douglas J $215,000 First American Title
Villareal Olga $200,000 Pntn
Gibson Julia G $185,000 --
Sheridan William J $145,500 Chicago Title Insurance Co
Field David John $144,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sheppard Robert $155,050
Previous Owner Stephens Kaleb C G $232,000
Previous Owner Alairys Tamara D $170,000
Previous Owner Eichstaedt Douglas J $208,550
Previous Owner Villareal Olga $100,000
Previous Owner Gibson Julia G $147,920
Previous Owner Field David John $121,000
Closed Gibson Julia G $27,735
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/31/2023 05/31/23 Sold $315,000 -1.5% $242 / Sq Ft
04/18/2023 04/18/23 Pending -- -- --
04/15/2023 04/15/23 For Sale $319,900 +10.3% $245 / Sq Ft
05/05/2021 05/05/21 Sold $290,000 -1.7% $222 / Sq Ft View Prior Sale
03/12/2021 03/12/21 Pending -- -- --
03/05/2021 03/05/21 For Sale $295,000 +35.6% $226 / Sq Ft
11/22/2013 11/22/13 Sold $217,500 -5.4% -- View Prior Sale
10/10/2013 10/10/13 Pending -- -- --
09/05/2013 09/05/13 For Sale $229,900 -- --
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 $7,482 $28,228 $693 $27,535
2023 $5,865 $28,228 $693 $27,535
2022 $5,865 $19,786 $779 $19,007
2021 $6,736 $19,785 $779 $19,006
2020 $6,564 $19,785 $779 $19,006
2019 $7,575 $21,514 $709 $20,805
2018 $7,419 $21,514 $709 $20,805
2017 $7,256 $21,514 $709 $20,805
2016 $6,651 $18,559 $640 $17,919
2015 $6,547 $18,559 $640 $17,919
2014 $6,423 $18,559 $640 $17,919
2013 $6,161 $21,679 $640 $21,039
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11760379

Midwest Real Estate Data (MRED)

APN: 15-12-412-022-1009