See Home Value
Oak Forest 60452
16001 Oak Avenue
$229,000
● House - Off Market

16001 Oak Avenue

Oak Forest, IL 60452
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,004 Ft²
$1,280
Est. Monthly
10.29%
Cap Rate

About This Property

Welcome to 16001 Oak Ave, Oak Forest, IL 60452! This charming 3 bed, 1.5 bath residence presents an incredible opportunity for both first-time homebuyers and savvy investors. With its comfortable layout, prime location, and over 500 sqft of additional living space in the basement, this property offers the perfect blend of affordability and potential.    For Starter Families:  Spacious Interior: This 3 bedroom, 1.5 bathroom home offers ample space for a growing family. [Insert square footage and any notable features like a fireplace.] Don't forget to mention the extra living space in the walkout basement, complete with a convenient half bath and laundry room!  Family-Friendly Neighborhood: Quiet streets, close proximity to parks and schools, and a strong sense of community make this an ideal place to raise a family.  Affordable Price: This home is priced competitively to allow for comfortable monthly payments, leaving room in your budget for the joys of family life.  Convenient Location: Enjoy the convenience of walking to the Metra station for a stress-free commute to the city and easy access to nearby shopping centers for all your needs.  For Investors:      Instant Cash Flow: This property is move-in ready and can be rented immediately, generating a steady stream of passive income. The extra living space in the basement adds significant rental value!  High Rental Demand: Oak Forest's desirable location and amenities, including the nearby Metra station and shopping centers, ensure strong demand for rental properties, minimizing vacancy periods.  Excellent Appreciation Potential: The property's location and condition suggest strong potential for long-term value appreciation.  Additional Features:    Well-Maintained: Enjoy peace of mind knowing this home has been lovingly cared for. Features include a roof (2007), windows (7-8 years old), furnace and AC (3-4 years old), and a 2020 water heater. Everything is in working order!  Don't miss out on this fantastic opportunity! Priced competitively, this one won't last! Schedule a showing today and see for yourself the potential that awaits at 16001 Oak Ave.
Unit Size
1,004 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$223
Property Type
House
Property Taxes
$180
HOA Dues
-
Year Built
1969

Payment Calculator

Cap Rate Calculator

Last updated: 2 years ago (MRED MLS #12267403)

Price History

Date / Event Date Event Price
Feb 28, 2025 Sold
Sold
Jan 16, 2025 In contract -
In contract
Jan 9, 2025 Listed by Coldwell Banker Realty $224,000
Listed by Coldwell Banker Realty

Property Highlights


Building Info

Overview

    General

  • Year Built: 1969
  • Effective Year Built: 1969
  • Building Count: 1
  • Total Rooms: 5
  • 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: 24
  • 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: 6,641
  • Lot Size Depth Feet: 1,330
  • Lot Size Frontage Feet: 490
  • Total Building Area: 1,004
  • Gross Building Area: 1,004
  • Building Area: 1,004
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,004
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: KAISER & COS ARBOR PARK
  • Land Acres: 0000000153
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-34
  • Legal Description 1: W F (KAISER) & COS (ARBOR)(PARK) SUB SEC 21-36-13

Neighborhood

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

Geography

  • District: 13
  • Parcel: 28-21-211-001-0000
  • Block: 8
  • Lot: 24
  • Meridian: SEC 21 TWN 36N RNG 13E
  • Municipality: BREMEN
  • Latitude: 41.6012
  • Longitude: -87.7373

    Address

  • Full Address: 16001 Oak Ave
  • Address - House Number: 16001
  • Address - Street Name: Oak
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Oak Forest
  • Carrier Code: C001
  • 4-Digit Zip Code: 4028
  • Zip Code: 60452

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $303,093
  • Tax Rate Code Area: 13198

    Appraisal Valuation

  • Standard Deviation: 0.2283
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 244,021
  • High Value: 299,741
  • Low Value: 188,301

    Market Valuation

  • Market Total Value: $220,000
  • Market Land Value: $26,560
  • Market Improvement Value: $193,440

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $22,000
  • Assessed Land Value: $2,656
  • Assessed Improvements Value: $19,344

    Sales

  • Current Sale Contract Date: Jun 29, 1995
  • Current Sale Recording Date: Jul 03, 1995
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 95430451
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Oak Forest


Similar Homes for Sale

Currently no similar homes around

Nearby Rentals



Frequently Asked Questions

When was property at 16001 Oak Avenue built and last sold?
The property at 16001 Oak Avenue was built in 1969 and last sold on Jun 29, 1995 for $123,000.
How much is this home worth?
The estimated value of the home located at 16001 Oak Avenue is $0.
What are some comparable homes to 16001 Oak Avenue?
There are currently no comparable homes to 16001 Oak Avenue.