Seller's Agent in 2021
George Ristau
Weichert, Realtors - All Pro
(708) 205-3868
174 Total Sales
7770 Madison St River Forest, IL 60305
River Forest Area
11
Beds
6
Baths
--
Sq Ft
1961
Built
About This Home
As of October 2021ALL BRICK SIX UNIT APARTMENT BUILDING IN RIVER FOREST! THIS PROPERTY FEATURES FIVE LARGE 2 BEDROOM APARTMENTS AND ONE 1 BEDROOM APARTMENT. THERE IS A POTENTIAL OWNERS UNIT WHICH HAS BEEN RECENTLY UPDATED AND INCLUDES A FAMILY ROOM ADDITION WITH WOODBURNING FIREPLACE. THERE IS AN OPPORTUNITY HERE TO MAXIMIZE RENTS AND COUPLE THAT WITH A VERY REASONABLE EXPENSE STREAM. A HOT WATER BOILER (HONEYWELL) WITH AN EXTERIOR CONTROL PROVIDES HEAT AND TWO NEWER HOT WATER HEATERS SERVICE THE PROPERTY. THERE ARE SEVEN (7) ON SITE PARKING SPACES.
Last Agent to Sell the Property
Weichert, Realtors - All Pro License #471003303 Listed on: 08/02/2021
Last Buyer's Agent
John Warren
Second City Real Estate License #471020680
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $11,376
Year Built
- Built in 1961
Parking
- 6 to 12 Parking Spaces
Home Design
- Brick Exterior Construction
Bedrooms and Bathrooms
- 11 Bedrooms
- 6 Bathrooms
Utilities
- Hot Water Heating System
- Separate Meters
Additional Features
- 2-Story Property
- Lot Dimensions are 46 x 125
Listing and Financial Details
- Tenant pays for electricity
Community Details
Overview
- 6 Units
Building Details
- Electric Expense $508
- Fuel Expense $4,380
- Insurance Expense $2,069
- Other Expense $1,000
- Trash Expense $1,279
- Water Sewer Expense $4,200
- Operating Expense $24,977
- Gross Income $67,860
- Net Operating Income $42,883
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
Aug 2, 2021
Closed on
Oct 7, 2021
Sold by
Bought by
Seller's Agent
George Ristau
Weichert, Realtors - All Pro
Buyer's Agent
John Warren
Second City Real Estate
List Price
$590,000
Sold Price
$600,000
Premium/Discount to List
$10,000
1.69%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
0.028%
Mortgage Type
Commercial
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|
| $600,000 | Attorneys Ttl Guaranty Fund |
Source: Public Records
Mortgage 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 | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $450,000 |
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 |
|---|---|---|---|---|
| 10/07/2021 10/07/21 | Sold | $600,000 | +1.7% | -- |
| 08/09/2021 08/09/21 | Pending | -- | -- | -- |
| 08/02/2021 08/02/21 | For Sale | $590,000 | -- | -- |
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 | $17,247 | $63,000 | $6,181 | $56,819 |
| 2024 | $17,247 | $63,000 | $6,181 | $56,819 |
| 2023 | $10,403 | $63,000 | $6,181 | $56,819 |
| 2022 | $10,403 | $32,215 | $5,319 | $26,896 |
| 2021 | $10,018 | $32,214 | $5,318 | $26,896 |
| 2020 | $9,789 | $32,214 | $5,318 | $26,896 |
| 2019 | $11,377 | $36,649 | $4,887 | $31,762 |
| 2018 | $12,486 | $42,487 | $4,887 | $37,600 |
| 2017 | $12,978 | $44,320 | $4,887 | $39,433 |
| 2016 | $10,982 | $34,139 | $4,025 | $30,114 |
| 2015 | $10,789 | $34,139 | $4,025 | $30,114 |
| 2014 | $11,322 | $39,111 | $4,025 | $35,086 |
| 2013 | $13,567 | $48,083 | $4,025 | $44,058 |
Source: Public Records
Agents Affiliated with this Home
-
George Ristau
-
J
Buyer's Agent in 2021
John Warren
Second City Real Estate
-
S
Buyer Co-Listing Agent in 2021
Sharon Knickerbocker
Second City Real Estate
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11176435
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID
Nearby Homes
- 17 Franklin Ave
- 138 Ashland Ave
- 22 Keystone Ave
- 314 Lathrop Ave Unit 407
- 314 Lathrop Ave Unit 203
- 314 Lathrop Ave Unit 303
- 314 Lathrop Ave Unit 604
- 7605 Washington Blvd
- 7757 Van Buren St Unit 2512
- 7757 Van Buren St Unit 413
- 234 Franklin Ave
- 7525 Adams St Unit 1W
- 130 Gale Ave
- 7639 Jackson Blvd Unit 1
- 244 Des Plaines Ave
- 111 Thatcher Ave
- 7753 Van Buren St Unit 305
- 537 Ferdinand Ave
- 7443 Washington St Unit 307
- 343 Franklin Ave
Your Personal Tour Guide
Ask me questions while you tour the home.