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River Forest 60305 River Forest
Undisclosed Address
$1,200,000
● House - Off Market

Undisclosed Address

River Forest, IL 60305
bedrooms
5 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
5,375 Ft²
$2,647,638
RealtyHop Estimate
103.66%
Since Dec 1, 2008
National-US
Primary Model

About This Property

Unique'Cerny English Tudor'Located in a Quiet Private River Forest location. 5BR 3.1BA 4Floors of Living Space w/3rd Flr MBR Suite,Sunken LR,Fml DR w/Bay,French Drs,Oak Lib,Nwr Kit w/Gourmet SS Appls Gaggenau Oven,Btlr Ptry w/Sep Brk Rm,Enormous MBR w/Heavy Timber Bmed Cathedral Ceiling and 1 of 3 Stone FP,Full Fin Bsmt,Rr Staircase,Orig Bath Rm Flrs,New Zoned AC,Slate Roof. Many Original Cerny Treasures Throughout!
Unit Size
5,375 Ft²
Days on Market
-
Land Size
0.28 acres
Price per sqft
$242
Property Type
House
Property Taxes
$1,658
HOA Dues
-
Year Built
1933

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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
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1933
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 6
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 28
  • 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: 3
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,025
  • Lot Size Depth Feet: 1,850
  • Lot Size Frontage Feet: 650
  • Total Building Area: 3,788
  • Gross Building Area: 3,788
  • Building Area: 3,788
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 10
  • Heated Square Feet: 3,788
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: OWNERS SUB
  • Land Acres: 0000000276
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-06
  • Legal Description 1: (SUBDIVISION) LTS 7-9 & 10 IN OWNERS SUB NW NW SEC1 E XPT PART NW NW SAID SEC1 TOWN OF PROVISO NW SEC 01-39-12

Neighborhood

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

Geography

  • District: 33
  • Parcel: 15-01-103-024-0000
  • Block: 6
  • Lot: 7-9
  • Meridian: SEC 01 TWN 39N RNG 12E
  • Municipality: RIVER FOREST
  • Latitude: 41.905
  • Longitude: -87.8215

    Address

  • Full Address: 1403 Forest Ave
  • Address - House Number: 1403
  • Address - Street Name: Forest
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: River Forest
  • Carrier Code: C001
  • 4-Digit Zip Code: 1001
  • Zip Code: 60305

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $2,755,109
  • Tax Rate Code Area: 33001

    Appraisal Valuation

  • Standard Deviation: 0.2287
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 1,216,391
  • High Value: 1,494,682
  • Low Value: 938,099

    Market Valuation

  • Market Total Value: $1,027,550
  • Market Land Value: $144,300
  • Market Improvement Value: $883,250

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $102,755
  • Assessed Land Value: $14,430
  • Assessed Improvements Value: $88,325

    Sales

  • Current Sale Contract Date: Oct 20, 2020
  • Current Sale Recording Date: Dec 22, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2035710045
  • Previous Sale Recording Date: Jan 29, 2013
  • Previous Sale Contract Date: Jan 22, 2013
  • Previous Sale Amount: $915,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: FIX
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:

$582,000

Sale Price/ft²

$296

Below Asking

0.01%

Average Days on Market

43

Average Home Size

1614 ft²

Average Home Age

70.1 years

Currently For Sale

31 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 835 Lake Street, Oak Park, IL, 60301

$2,495 /mo

  • 1 Bed
  • 1 Bath
  • 708 ft²
835 Lake Street #303, Oak Park, IL, 60301 Listing by Riley Mockler
Unit for rent at 8015 W Belmont Avenue, River Grove, IL, 60171

$3,690 /mo

  • 3 Beds
  • 2 Baths
  • 1,336 ft²
8015 W Belmont Avenue #203, River Grove, IL, 60171 Listing by Stephanie Mack
Unit for rent at 8037 W Belmont Avenue, River Grove, IL, 60171

$3,420 /mo

  • 3 Beds
  • 2 Baths
  • 1,336 ft²
8037 W Belmont Avenue #305, River Grove, IL, 60171 Listing by Stephanie Mack

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: David Rigney, RE/MAX Properties Northwest
Data Source: MRED, MLS# MRD06859389
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 1403 Forest Avenue built and last sold?
The property at 1403 Forest Avenue was built in 1933 and last sold on Oct 20, 2020 for $1,156,000.
How much is this home worth?
The estimated value of the home located at 1403 Forest Avenue is $1,256,098.
What are some comparable homes to 1403 Forest Avenue?
There are currently no comparable homes to 1403 Forest Avenue.
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