$302,169
●
House -
Off Market
16021 Forest Avenue
Oak Forest, IL 60452
3 Beds
2 Baths
1,060 Ft²
$1,883
Est. Monthly
5.75%
Cap Rate
About This Property
Welcome to your new home in the heart of Oak Forest, Illinois! This
beautiful tri-level single-family home offers a spacious floorplan
with three bedrooms and two full bathrooms, perfect for comfortable
living. As you step inside, you'll be greeted by a family room with
an allocated office space, providing the ideal setup for remote
work or relaxation. Additionally, the lower level features a
convenient work/storage area with built-in cabinets and utility
space, offering ample room for all your needs. Outside, the serene
backyard beckons with its inviting deck, perfect for enjoying warm
summer evenings or hosting gatherings with friends and family. The
sellers are generously leaving behind the mounted TV and portable
fireplace seen in the living room, adding to the charm and
convenience of this home. Don't miss out on the opportunity to make
this your own - hurry in and schedule a viewing today!
Unit Size
1,060 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$259
Property Type
House
Property Taxes
$532
HOA Dues
-
Year Built
1989
Payment Calculator
Home Price
Down Payment
%
Loan Term
Interest %
Your Estimated Monthly Payment
Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:
Cap Rate Calculator
Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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 #12033778)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 4, 2024 | Sold | ||
| Sold | |||
| Apr 19, 2024 | Listed by HomeSmart Realty Group | $275,000 | |
| Listed by HomeSmart Realty Group | |||
| Jun 28, 2019 | No longer available | - | |
| No longer available | |||
| May 12, 2019 | Price Decreased |
$205,000
↓ $5K
(2.4%) | |
| Price Decreased | |||
| Apr 7, 2019 | Listed | $210,000 | |
| Listed | |||
| | |||
|
Nice, appr.half mile sq neighborhood...walk to Metra, playground, forest preserve...I 57 appr 1 mi.....bi- level, with newer furnace & exterior siding ... from kitchen, 6 steps down to LL 3/4 bath & L-shaped family rm, 23' 13' plus 10' 10' + closet & ext access to back yard ... & 7 steps down to work/storage rm with built-in cabinets & utility, laundry rm with dbl washtub sink...main level has ceramic floors, kitchen skylight & SGD to rear deck...7 steps up to 3 bedrooms & full bath, with skylight...all existing window blinds stay...PRE-APPROVED BUYERS ONLY. The manager has listed the unit size as 1060 square feet.
| |||
Property Highlights
Garage
Air Conditioning
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Oak Forest
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Mithil Patel, HomeSmart Realty Group
Last Updated: 3 years ago
Data Source: MRED, MLS# 12033778
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.
Last Updated: 3 years ago
Data Source: MRED, MLS# 12033778
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017