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River Forest 60305 River Forest
1418 Franklin Avenue
$1,340,000
● House - Off Market

1418 Franklin Avenue

RIVER FOREST, IL 60305
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
5,300 Ft²
$2,596,517
RealtyHop Estimate
86.13%
Since Oct 1, 2014
National-US
Primary Model

About This Property

This classic English Tudor is loaded w/stylish sophistication.  Renovated w/huge designer kitchen, brkf rm & separate family rm. LR w/attached sunroom plus sep den. Great for entertaining w/large DR & a circular floor plan. All new baths. Master ste features dbl sinks & marble tile. Sunny 3rd fl w/ studio/office space & full bdr w/bath. Extra lg park-like lot. 3 car gar w/loft storage.  Special home - move in ready!
Unit Size
5,300 Ft²
Days on Market
-
Land Size
-
Price per sqft
$263
Property Type
House
Property Taxes
$1,994
HOA Dues
-
Year Built
1927

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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: 1927
  • Building Count: 1
  • Total Rooms: 11
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 12
  • Building Style: 28
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 6
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 17,195
  • Lot Size Depth Feet: 1,800
  • Lot Size Frontage Feet: 950
  • Total Building Area: 4,250
  • Gross Building Area: 4,250
  • Building Area: 4,250
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 4,250
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WOODS SUB
  • Land Acres: 0000000395
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-06
  • Legal Description 1: EDWIN E (WOODS) SUB OF SEC1 LYING N OF S42ACS EX W220 .62FT OF PT LYING N OF LINE 200FT N OF LINE OF S66ACS OF EH NW SEC 01-3

Neighborhood

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

Geography

  • District: 33
  • Parcel: 15-01-107-038-0000
  • Lot: 118,1
  • Meridian: SEC 01 TWN 39N RNG 12E
  • Municipality: RIVER FOREST
  • Latitude: 41.9057
  • Longitude: -87.8191

    Address

  • Full Address: 1418 Franklin Ave
  • Address - House Number: 1418
  • Address - Street Name: Franklin
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: River Forest
  • Carrier Code: C001
  • 4-Digit Zip Code: 1041
  • Zip Code: 60305

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $2,701,751
  • Tax Rate Code Area: 33001

    Appraisal Valuation

  • Standard Deviation: 0.2287
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 1,420,836
  • High Value: 1,745,901
  • Low Value: 1,095,771

    Market Valuation

  • Market Total Value: $1,250,000
  • Market Land Value: $262,220
  • Market Improvement Value: $987,780

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $125,000
  • Assessed Land Value: $26,222
  • Assessed Improvements Value: $98,778

    Sales

  • Current Sale Contract Date: Jul 31, 2014
  • Current Sale Recording Date: Sep 04, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 1424744037
  • Previous Sale Recording Date: Jul 14, 1999
  • Previous Sale Contract Date: Jun 30, 1999
  • Previous Sale Amount: $826,500
  • Previous Sale Document Type: 27

    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:

$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

$3,795 /mo

  • 2 Beds
  • 2 Baths
  • 1,220 ft²
835 Lake Street #604, Oak Park, IL, 60301 Listing by Riley Mockler
Unit for rent at 2839 N Rutherford Avenue, Chicago, IL, 60634

$3,500 /mo

  • 4 Beds
  • 3 Baths
  • 2,558 ft²
2839 N Rutherford Avenue, Chicago, IL, 60634 Listing by Alison Song

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# MRD08638805
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 1418 Franklin Avenue built and last sold?
The property at 1418 Franklin Avenue was built in 1927 and last sold on Jul 31, 2014 for $1,340,000.
How much is this home worth?
The estimated value of the home located at 1418 Franklin Avenue is $0.
What are some comparable homes to 1418 Franklin Avenue?
There are currently no comparable homes to 1418 Franklin Avenue.
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