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Oak Forest 60452
15424 David Lane
$300,000
● House - Off Market

15424 David Lane

Oak Forest, IL 60452
bedrooms
5 Beds
bathrooms
2 Baths
square feet
2,382 Ft²
$1,995
Est. Monthly
15.51%
Cap Rate

About This Property

This spacious, well-maintained home in the heart of Oak Forest is just waiting for your personal touch! This flexible layout offers the perfect setup for entertaining or related living, with generous living spaces and great flow. Enjoy summers on the deck or lounging by the pool in the private backyard oasis. The heated garage is ideal for year-round use, and the whole house generator offers peace of mind no matter the season. Major components have been thoughtfully maintained, including windows with a transferable warranty. Home is being sold as-is, and the inspection report is available in agent remarks. A solid home with great bones and endless potential!
Unit Size
2,382 Ft²
Days on Market
-
Land Size
-
Price per sqft
$126
Property Type
House
Property Taxes
$522
HOA Dues
-
Year Built
1965

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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

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1965
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 28
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,600
  • Total Building Area: 960
  • Gross Building Area: 960
  • Building Area: 960
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 960
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PETERS CASTLETOWNE SUB UNIT2
  • Land Acres: 0000000152
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-02
  • Legal Description 1: WARREN J (PETERS)(CASTLETOWNE) SUB (UNIT2) SUB OF PT OF SH NE & PT OF N 60 ACS SE ALSO PT OF OUTLOT A IN CASTLETOWNE SUB UNIT

Neighborhood

  • School District Name: Forest Ridge School District 142
  • Census Tract: 824505

Geography

  • District: 13
  • Parcel: 28-17-222-006-0000
  • Block: 12
  • Lot: 6
  • Meridian: SEC 17 TWN 36N RNG 13E
  • Municipality: BREMEN
  • Latitude: 41.6115
  • Longitude: -87.7648

    Address

  • Full Address: 15424 David Ln
  • Legal Unit: 2
  • Address - House Number: 15424
  • Address - Street Name: David
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Oak Forest
  • Carrier Code: C007
  • 4-Digit Zip Code: 1920
  • Zip Code: 60452

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $420,892
  • Tax Rate Code Area: 13067

    Appraisal Valuation

  • Standard Deviation: 0.2467
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 65
  • Final Value: 254,038
  • High Value: 316,710
  • Low Value: 191,366

    Market Valuation

  • Market Total Value: $200,000
  • Market Land Value: $29,700
  • Market Improvement Value: $170,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $20,000
  • Assessed Land Value: $2,970
  • Assessed Improvements Value: $17,030

    Sales

  • Current Sale Contract Date: Jul 10, 2022
  • Current Sale Recording Date: Jul 28, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 17019
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:

$320,450

Sale Price/ft²

$197

Below Asking

0.01%

Average Days on Market

43

Average Home Size

1419 ft²

Average Home Age

46.7 years

Currently For Sale

48 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: Kristina Irvine, Keller Williams Infinity
Data Source: MRED, MLS# MRD12375519
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 15424 David Lane built and last sold?
The property at 15424 David Lane was built in 1965 and last sold on Jul 10, 2022 for $204,500.
How much is this home worth?
The estimated value of the home located at 15424 David Lane is $0.
What are some comparable homes to 15424 David Lane?
There are currently no comparable homes to 15424 David Lane.
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