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Oak Forest 60452
15408 Walnut Road
$295,000
● House - Off Market

15408 Walnut Road

Oak Forest, IL 60452
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,673 Ft²
$2,127
Est. Monthly
10.59%
Cap Rate

About This Property

You are going to love this adorable 4 bedroom ranch style home, no stairs!!! A cute galley style kitchen with plenty of cabinets and counter space.  A large family room with wood burning fireplace.  The family room is light and bright with patio doors that lead to the deck and backyard. The bedrooms are good sized.  The 4th bedroom does not have a built in closet, there's room to add a portable closet or it can easily be used as a den or a home office. The master bedroom has a shared bath.  You'll notice the pretty living room when you first step into the home.  The living room carpet is only about 4 years old. The roof is about 10 years old. A/C is about 10 years old. Water heater is only about 6 years old.  Excellent location, close to dining shopping and transportation.
Unit Size
1,673 Ft²
Days on Market
-
Land Size
-
Price per sqft
$194
Property Type
House
Property Taxes
$531
HOA Dues
-
Year Built
1969

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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.

Last updated: 3 years ago (MRED MLS #11873756)

Price History

Date / Event Date Event Price
Dec 5, 2023 Sold
Premium
Sold
Sep 1, 2023 Listed by The Wallace Real Estate Group, INC. $325,000
Listed by The Wallace Real Estate Group, INC.

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1969
  • Effective Year Built: 1969
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 12
  • Building Style: 3
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,385
  • Lot Size Depth Feet: 1,320
  • Lot Size Frontage Feet: 650
  • Total Building Area: 1,673
  • Gross Building Area: 1,673
  • Building Area: 1,673
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,673
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: JONIKAS FOREST VIEW HILL UNIT6
  • Land Acres: 0000000193
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03
  • Legal Description 1: BRUNO (JONIKAS)(FOREST) VIEW HILL (UNIT6) SUB OF PT O F NE SEC 18-36-13

Neighborhood

  • School District Name: Consolidated High School District 230
  • Census Tract: 824509

Geography

  • District: 13
  • Parcel: 28-18-213-003-0000
  • Block: 12
  • Lot: 3
  • Meridian: SEC 18 TWN 36N RNG 13E
  • Municipality: BREMEN
  • Latitude: 41.6112
  • Longitude: -87.7803

    Address

  • Full Address: 15408 Walnut Rd
  • Legal Unit: 6
  • Address - House Number: 15408
  • Address - Street Name: Walnut
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Oak Forest
  • Carrier Code: C015
  • 4-Digit Zip Code: 1626
  • Zip Code: 60452

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $649,066
  • Tax Rate Code Area: 13059

    Appraisal Valuation

  • Standard Deviation: 0.2321
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 67
  • Final Value: 320,659
  • High Value: 395,099
  • Low Value: 246,220

    Market Valuation

  • Market Total Value: $270,000
  • Market Land Value: $48,210
  • Market Improvement Value: $221,790

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $27,000
  • Assessed Land Value: $4,821
  • Assessed Improvements Value: $22,179

    Sales

  • Current Sale Contract Date: Dec 04, 2023
  • Current Sale Recording Date: Dec 13, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 6004
  • Previous Sale Recording Date: Apr 19, 1996
  • Previous Sale Contract Date: Feb 28, 1996
  • Previous Sale Amount: $151,000
  • Previous Sale Document Type: 40
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 Oak Forest

Stats & Trends

Median Asking:

$319,450

Sale Price/ft²

$200

Below Asking

0.01%

Average Days on Market

44

Average Home Size

1579 ft²

Average Home Age

47.3 years

Currently For Sale

35 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: Ronda Wallace, The Wallace Real Estate Group, INC.
Last Updated: 3 years ago
Data Source: MRED, MLS# 11873756
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 15408 Walnut Road built and last sold?
The property at 15408 Walnut Road was built in 1969 and last sold on Dec 4, 2023 for $295,000.
How much is this home worth?
The estimated value of the home located at 15408 Walnut Road is $0.
What are some comparable homes to 15408 Walnut Road?
There are currently no comparable homes to 15408 Walnut Road.
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