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Oak Forest 60452
15615 Long Avenue
$234,000
● House - Off Market

15615 Long Avenue

Oak Forest, IL 60452
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,172 Ft²
$274,666
RealtyHop Estimate
14.44%
Since Sep 1, 2021
National-US
Primary Model

About This Property

Well cared for home features 3 bedrooms up with hardwood flooring, full bathroom up off bedrooms, 4th bedroom down off family room with 3/4 bath off bedroom, new kitchen 2013, air conditioner & furnace 2019, new stainless steel appliances  2013, newer carpeting, roof on house 8 yrs. old, roof on garage 2 yrs. old, and clean, dry sub-basement with laundry area.
Unit Size
1,172 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$205
Property Type
House
Property Taxes
$619
HOA Dues
-
Year Built
1978

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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
Fireplace

Building Info

Overview

    General

  • Year Built: 1978
  • Effective Year Built: 1978
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 41
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • 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: 7,200
  • Total Building Area: 1,172
  • Gross Building Area: 1,172
  • Building Area: 1,172
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,172
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: OAK TREE
  • Land Acres: 0000000165
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-34
  • Legal Description 1: (OAK) (TREE) SUB OF PTS OF CTN LTS IN A T MCINTOSH & COS 155TH ST FARMS SUB OF EH NW & NE SW & OUTLTA IN 3RD ADD TO LOCKWOOD

Neighborhood

  • School District Name: Arbor Park School District 145
  • Census Tract: 825000

Geography

  • District: 13
  • Parcel: 28-16-311-018-0000
  • Lot: A,T
  • Meridian: SEC 16 TWN 36N RNG 13E
  • Municipality: BREMEN
  • Latitude: 41.608
  • Longitude: -87.751

    Address

  • Full Address: 15615 Long Ave
  • Address - House Number: 15615
  • Address - Street Name: Long
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Oak Forest
  • Carrier Code: C017
  • 4-Digit Zip Code: 3318
  • Zip Code: 60452

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $874,132
  • Tax Rate Code Area: 13056

    Appraisal Valuation

  • Standard Deviation: 0.243
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 65
  • Final Value: 284,672
  • High Value: 353,870
  • Low Value: 215,474

    Market Valuation

  • Market Total Value: $250,000
  • Market Land Value: $32,400
  • Market Improvement Value: $217,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $25,000
  • Assessed Land Value: $3,240
  • Assessed Improvements Value: $21,760

    Sales

  • Current Sale Contract Date: Jul 08, 2021
  • Current Sale Recording Date: Aug 20, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2123240201

    Financing

  • First Mortgage Financing Type: FIX
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:

$320,000

Sale Price/ft²

$198

Below Asking

0.01%

Average Days on Market

44

Average Home Size

1464 ft²

Average Home Age

46.1 years

Currently For Sale

47 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: Robert Shutay, Realty Executives Ambassador
Data Source: MRED, MLS# MRD11056272
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 15615 Long Avenue built and last sold?
The property at 15615 Long Avenue was built in 1978 and last sold on Jul 8, 2021 for $234,000.
How much is this home worth?
The estimated value of the home located at 15615 Long Avenue is $242,913.
What are some comparable homes to 15615 Long Avenue?
There are currently no comparable homes to 15615 Long Avenue.
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