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River Forest 60305 River Forest
1124 Park Avenue
$1,209,000
● House - Off Market

1124 Park Avenue

RIVER FOREST, IL 60305
bedrooms
4 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
4,600 Ft²
$2,403,464
RealtyHop Estimate
78.03%
Since Jul 1, 2015
National-US
Primary Model

About This Property

Unique, sophisticated contemporary home located on a beautiful block.  This home features a grand two story foyer with a floating staircase.  New, state of the art kitchen and custom baths.  Generous sized rooms throughout the house.  This home has been totally renovated with high end finishes.  Perfectly manicured, park-like yard.  Attached, heated 2 1/2 car garage.  Great location in estate section of River Forest.
Unit Size
4,600 Ft²
Days on Market
-
Land Size
-
Price per sqft
$293
Property Type
House
Property Taxes
$2,400
HOA Dues
-
Year Built
1984

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Property Highlights

Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1984
  • Effective Year Built: 1984
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 5
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 60
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,630
  • Total Building Area: 4,624
  • Gross Building Area: 4,624
  • Building Area: 4,624
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 4,624
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GRAVES SUB
  • Land Acres: 0000000175
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-08
  • Legal Description 1: HENRY E (GRAVES) SUB OF BLK9 IN SNOW & DICKINSONS ADD SEC 01-39-12

Neighborhood

  • School District Name: River Forest School District 90
  • Census Tract: 811900

Geography

  • District: 33
  • Parcel: 15-01-302-016-0000
  • Block: 9
  • Lot: 6,7
  • Meridian: SEC 01 TWN 39N RNG 12E
  • Municipality: RIVER FOREST
  • Latitude: 41.9003
  • Longitude: -87.8205

    Address

  • Full Address: 1124 Park Ave
  • Address - House Number: 1124
  • Address - Street Name: Park
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: River Forest
  • Carrier Code: C005
  • 4-Digit Zip Code: 1310
  • Zip Code: 60305

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,611,377
  • Tax Rate Code Area: 33001

    Appraisal Valuation

  • Standard Deviation: 0.2259
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 1,189,860
  • High Value: 1,458,697
  • Low Value: 921,022

    Market Valuation

  • Market Total Value: $563,080
  • Market Land Value: $91,560
  • Market Improvement Value: $471,520

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $56,308
  • Assessed Land Value: $9,156
  • Assessed Improvements Value: $47,152

    Sales

  • Current Sale Contract Date: Jun 17, 2015
  • Current Sale Recording Date: Jul 24, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 1520516027
  • Previous Sale Recording Date: Jul 23, 1996
  • Previous Sale Contract Date: Jul 08, 1996
  • Previous Sale Amount: $552,500
  • Previous Sale Document Type: 69

    Financing

  • First Mortgage Financing Type: ADJ
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About River Forest

Stats & Trends

Median Asking:

$617,000

Sale Price/ft²

$297

Below Asking

0.01%

Average Days on Market

44

Average Home Size

1610 ft²

Average Home Age

66.8 years

Currently For Sale

30 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 950 Washington Boulevard, Oak Park, IL, 60302

$3,345 /mo

  • 3 Beds
  • 2 Baths
  • 1,800 ft²
950 Washington Boulevard #109, Oak Park, IL, 60302 Listing by Terrell Shell

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Anthony Iwersen, Berkshire Hathaway HomeServices Chicago
Data Source: MRED, MLS# MRD08828593
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. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 1124 Park Avenue built and last sold?
The property at 1124 Park Avenue was built in 1984 and last sold on Jun 17, 2015 for $1,209,000.
How much is this home worth?
The estimated value of the home located at 1124 Park Avenue is $0.
What are some comparable homes to 1124 Park Avenue?
There are currently no comparable homes to 1124 Park Avenue.
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