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River Forest 60305 River Forest
1522 Forest Avenue
$802,500
● House - Off Market

1522 Forest Avenue

River Forest, IL 60305
bedrooms
4 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
4,623 Ft²
$1,032,445
RealtyHop Estimate
21.61%
Since May 1, 2021
National-US
Primary Model

About This Property

Classic English Brick Tudor with 4623 square feet of living space.  This four bedroom, four and one-half bath home has great potential.  Beautiful leaded glass windows, stone fireplace and hardwood floors throughout. There is a first floor bedroom/office suite.  There is an additional office off the expansive dining room.  There are three bedrooms on the second floor plus an enormous family room.  The basement is a replica of an authentic English Pub which features bar, wine room and large game room.  There is a four car attached garage.  The huge 250' yard is heavy private and heavily wooded.  The house is in good shape but is being conveyed "as is".
Unit Size
4,623 Ft²
Days on Market
-
Land Size
0.33 acres
Price per sqft
$184
Property Type
House
Property Taxes
$2,315
HOA Dues
-
Year Built
1930

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Cap Rate Calculator

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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: 1930
  • Building Count: 1
  • Total Rooms: 12
  • Bedroom Count: 6
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • 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: 6
  • 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: 14,245
  • Lot Size Depth Feet: 2,500
  • Lot Size Frontage Feet: 500
  • Total Building Area: 4,623
  • Gross Building Area: 4,623
  • Building Area: 4,623
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 4,623
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: OWNERS SUB
  • Land Acres: 0000000327
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-06
  • Legal Description 1: (SUBDIVISION) OF THAT PT OF LT2 LYING E OF THATCHER R D IN OWNERS SUB OF NW OF NW OF SEC1 EX PT OF NW OF NW SEC1 IN TOWN OF P

Neighborhood

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

Geography

  • District: 33
  • Parcel: 15-01-102-030-0000
  • Lot: 2
  • Meridian: SEC 01 TWN 39N RNG 12E
  • Municipality: RIVER FOREST
  • Latitude: 41.9076
  • Longitude: -87.8224

    Address

  • Full Address: 1522 Forest Ave
  • Address - House Number: 1522
  • 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: $2,591,455
  • Tax Rate Code Area: 33001

    Appraisal Valuation

  • Standard Deviation: 0.2029
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 72
  • Final Value: 979,422
  • High Value: 1,178,156
  • Low Value: 780,689

    Market Valuation

  • Market Total Value: $1,070,000
  • Market Land Value: $170,940
  • Market Improvement Value: $899,060

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $107,000
  • Assessed Land Value: $17,094
  • Assessed Improvements Value: $89,906

    Sales

  • Current Sale Contract Date: Apr 13, 2021
  • Current Sale Recording Date: Apr 23, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2111339102
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

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
Unit for rent at 2817 N 75th Avenue, Elmwood Park, IL, 60707

$3,575 /mo

  • 3 Beds
  • 2 Baths
2817 N 75th Avenue #1S, Elmwood Park, IL, 60707 Listing by Carrie Mahoney

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Anthony Iwersen, @properties Christie's International Real Estate
Data Source: MRED, MLS# MRD10925183
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 1522 Forest Avenue built and last sold?
The property at 1522 Forest Avenue was built in 1930 and last sold on Apr 13, 2021 for $802,500.
How much is this home worth?
The estimated value of the home located at 1522 Forest Avenue is $0.
What are some comparable homes to 1522 Forest Avenue?
There are currently no comparable homes to 1522 Forest Avenue.
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