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River Forest 60305 River Forest
115 Park Avenue
$550,000
● House - Off Market

115 Park Avenue

River Forest, IL 60305
bedrooms
3 Beds
bathrooms
2 Baths
$551,013
RealtyHop Estimate
4.00%
Since Oct 1, 2022
National-US
Primary Model

About This Property

Now offered in River Forest Home Market is this beautiful Vibrant upgraded 3 bedroom, 2 full bathroom home. Property features today standards of living while offering character, &  Chicago suburbs vintage home charm. This property features an expansive first level with front living room, dedicated dining area, first floor bedroom next to a full bathroom, & a Modern Open kitchen to family room concept. Second level features 2 more bedrooms & A full bathroom. Updates include whole house hardwood flooring, Tastefully updated kitchen with custom trim/shelving, and updated bathrooms, Designs By Caro! Exterior features Include full indoor sitting front porch, nicely landscaped, double tear deck with ambient lighting, Plenty of yard space, 2 car garage with 1 exterior side parking space, & more. Come join this great community & Book your private tour today!
Unit Size
-
Days on Market
-
Land Size
0.16 acres
Price per sqft
-
Property Type
House
Property Taxes
$994
HOA Dues
-
Year Built
1907

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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

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1907
  • Effective Year Built: 1907
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 3
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 150
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,095
  • Lot Size Depth Feet: 1,700
  • Lot Size Frontage Feet: 450
  • Total Building Area: 1,334
  • Gross Building Area: 1,334
  • Building Area: 1,334
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,334
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CONWAYS RESUB OF RANSONS
  • Land Acres: 0000000163
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03
  • Legal Description 1: E S (CONWAYS) RESUB OF (RANSONS) SUB OF WH EH SW SEC 12-39-12

Neighborhood

  • School District Name: River Forest School District 90
  • Census Tract: 812000

Geography

  • District: 33
  • Parcel: 15-12-315-014-0000
  • Block: 5
  • Lot: 12
  • Meridian: SEC 12 TWN 39N RNG 12E
  • Municipality: RIVER FOREST
  • Latitude: 41.8817
  • Longitude: -87.819

    Address

  • Full Address: 115 Park Ave
  • Address - House Number: 115
  • Address - Street Name: Park
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: River Forest
  • Carrier Code: C011
  • 4-Digit Zip Code: 2039
  • Zip Code: 60305

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,267,281
  • Tax Rate Code Area: 33009

    Appraisal Valuation

  • Standard Deviation: 0.2287
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 525,871
  • High Value: 646,182
  • Low Value: 405,560

    Market Valuation

  • Market Total Value: $461,400
  • Market Land Value: $76,270
  • Market Improvement Value: $385,130

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $46,140
  • Assessed Land Value: $7,627
  • Assessed Improvements Value: $38,513

    Sales

  • Current Sale Contract Date: Sep 15, 2022
  • Current Sale Recording Date: Sep 29, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 15043
  • Previous Sale Recording Date: Jun 07, 2019
  • Previous Sale Contract Date: May 29, 2019
  • Previous Sale Amount: $420,000
  • Previous Sale Document Type: 27
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 541 Beloit Avenue, Forest Park, IL, 60130

$2,400 /mo

  • 3 Beds
  • 1 Bath
  • 1,200 ft²
541 Beloit Avenue #2, Forest Park, IL, 60130 Listing by Tabitha Murphy
Unit for rent at 800 Washington Boulevard, Oak Park, IL, 60302

$2,200 /mo

  • 2 Beds
  • 1 Bath
  • 1,100 ft²
800 Washington Boulevard #305, Oak Park, IL, 60302 Listing by Noelle Etheridge
Unit for rent at 406 Franklin Avenue, River Forest, IL, 60305

$2,250 /mo

  • 2 Beds
  • 1 Bath
406 Franklin Avenue #1B, River Forest, IL, 60305 Listing by Angela Ellis

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Joseph Lozano, eXp Realty
Data Source: MRED, MLS# MRD11485274
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 115 Park Avenue built and last sold?
The property at 115 Park Avenue was built in 1907 and last sold on Sep 15, 2022 for $550,000.
How much is this home worth?
The estimated value of the home located at 115 Park Avenue is $0.
What are some comparable homes to 115 Park Avenue?
There are currently no comparable homes to 115 Park Avenue.
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