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River Forest 60305 River Forest
1502 Forest Avenue
$880,000
● House - Off Market

1502 Forest Avenue

River Forest, IL 60305
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
3,572 Ft²
$947,318
RealtyHop Estimate
0.78%
Since Jun 1, 2022
National-US
Primary Model

About This Property

Classic center entrance red brick colonial on private cul de sac street. The first floor features a living room with fireplace, separate dining room, family room addition with fireplace, den with gas fireplace and marble floors. There is an open kitchen with a breakfast room that overlooks the private backyard and in-ground pool, heated/ac cabana w fireplace, built-in grill, and 3 car garage. The second floor includes 4 large bedrooms, 2 full baths, and a gas fireplace in the primary bedroom. There is a full rec room in the basement with an additional fireplace. All in all, seven fireplaces! There is a new roof over the back bedroom and den. This is a great house for entertaining!
Unit Size
3,572 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$263
Property Type
House
Property Taxes
$1,998
HOA Dues
-
Year Built
1938

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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
Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1938
  • Building Count: 1
  • Total Rooms: 11
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • 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: 7
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 4
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,123
  • Total Building Area: 3,572
  • Gross Building Area: 3,572
  • Building Area: 3,572
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 3,572
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: KEENEYS SUB
  • Land Acres: 0000000232
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-06
  • Legal Description 1: ALBERT F (KEENEYS) SUB OF PT OF LT3 LYING E OF THATCH ER RD IN OWNERS SUB OF NW NW SEC1 EX PT OF IN TOWN OF PROVISO NW NW SEC

Neighborhood

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

Geography

  • District: 33
  • Parcel: 15-01-102-035-0000
  • Block: 1
  • Lot: 3
  • Meridian: SEC 01 TWN 39N RNG 01E
  • Municipality: RIVER FOREST
  • Latitude: 41.9069
  • Longitude: -87.8224

    Address

  • Full Address: 1502 Forest Ave
  • Address - House Number: 1502
  • Address - Street Name: Forest
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: River Forest
  • Carrier Code: C001
  • 4-Digit Zip Code: 1004
  • Zip Code: 60305

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $2,647,961
  • Tax Rate Code Area: 33001

    Appraisal Valuation

  • Standard Deviation: 0.1011
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 90
  • Final Value: 1,014,298
  • High Value: 1,116,851
  • Low Value: 911,745

    Market Valuation

  • Market Total Value: $850,000
  • Market Land Value: $121,480
  • Market Improvement Value: $728,520

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $85,000
  • Assessed Land Value: $12,148
  • Assessed Improvements Value: $72,852

    Sales

  • Current Sale Contract Date: Apr 15, 2022
  • Current Sale Recording Date: May 13, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 39190
  • Previous Sale Recording Date: Sep 12, 2005
  • Previous Sale Contract Date: Sep 02, 2005
  • Previous Sale Amount: $1,050,000
  • Previous Sale Document Type: 71
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:

$649,000

Sale Price/ft²

$297

Below Asking

0.01%

Average Days on Market

45

Average Home Size

1681 ft²

Average Home Age

68.9 years

Currently For Sale

32 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

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MRED

Listed by: Andrew Gagliardo, Compass
Data Source: MRED, MLS# MRD11324921
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 1502 Forest Avenue built and last sold?
The property at 1502 Forest Avenue was built in 1938 and last sold on Apr 15, 2022 for $880,000.
How much is this home worth?
The estimated value of the home located at 1502 Forest Avenue is $0.
What are some comparable homes to 1502 Forest Avenue?
There are currently no comparable homes to 1502 Forest Avenue.
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