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Oak Forest 60452
16129 Lorel Avenue S
$262,000
● House - Off Market

16129 Lorel Avenue S

Oak Forest, IL 60452
bedrooms
3 Beds
bathrooms
2 Baths
$1,501
Est. Monthly
9.00%
Cap Rate

About This Property

Come see this beautiful brick split level home in the desirable city of Oak Forest, IL! This tri-level home has 3 BD 2BA, spacious family room and laundry room and is move-in ready.  Be sure to review the floorplans included. Located near the park, schools and plenty of shops.  The property is being sold "AS IS" Condition.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$175
HOA Dues
-
Year Built
1980

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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: 2 years ago (MRED MLS #12292084)

Price History

Date / Event Date Event Price
Mar 11, 2025 Sold
Premium
Sold
Feb 21, 2025 In contract -
In contract
Feb 17, 2025 Listed by Harthside Realtors, Inc. $270,000
Listed by Harthside Realtors, Inc.
Feb 12, 2025 Temporarily off market -
Temporarily off market
Feb 9, 2025 In contract -
In contract
Show More

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1980
  • Effective Year Built: 1980
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • 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: 6,600
  • Lot Size Depth Feet: 1,320
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,528
  • Gross Building Area: 1,528
  • Building Area: 1,528
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,528
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WYMANS WOODS
  • Land Acres: 0000000152
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-34
  • Legal Description 1: (WYMANS) (WOODS) SUB OF BLKS1-13 & PT NW OF RR OF BLK S14&15 IN EH OF NW SEC 21-36-13

Neighborhood

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

Geography

  • District: 13
  • Parcel: 28-21-110-018-0000
  • Block: 1-13,
  • Lot: 9
  • Meridian: SEC 21 TWN 36N RNG 13E
  • Municipality: BREMEN
  • Latitude: 41.5983
  • Longitude: -87.7494

    Address

  • Full Address: 16129 Lorel Ave
  • Address - House Number: 16129
  • Address - Street Name: Lorel
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Oak Forest
  • Carrier Code: C009
  • 4-Digit Zip Code: 3836
  • Zip Code: 60452

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $278,859
  • Tax Rate Code Area: 13056

    Appraisal Valuation

  • Standard Deviation: 0.2283
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 297,760
  • High Value: 365,751
  • Low Value: 229,769

    Market Valuation

  • Market Total Value: $240,000
  • Market Land Value: $29,700
  • Market Improvement Value: $210,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $24,000
  • Assessed Land Value: $2,970
  • Assessed Improvements Value: $21,030

    Sales

  • Current Sale Contract Date: May 19, 1995
  • Current Sale Recording Date: May 22, 1995
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 95334062
  • Previous Sale Recording Date: Oct 20, 1993
  • Previous Sale Contract Date: Sep 24, 1993
  • Previous Sale Amount: $91,000
  • Previous Sale Document Type: 71
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

$200

Below Asking

0.01%

Average Days on Market

44

Average Home Size

1525 ft²

Average Home Age

47.7 years

Currently For Sale

40 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

Unit for rent at 6408 Nature Drive, Oak Forest, IL, 60452

$2,100 /mo

  • 3 Beds
  • 1 Bath
  • 1,200 ft²
6408 Nature Drive #1W, Oak Forest, IL, 60452 Listing by Barbara Moniuszko

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Sonia Perez, Harthside Realtors, Inc.
Last Updated: 2 years ago
Data Source: MRED, MLS# 12292084
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 16129 Lorel Avenue built and last sold?
The property at 16129 Lorel Avenue was built in 1980 and last sold on May 19, 1995 for $143,000.
How much is this home worth?
The estimated value of the home located at 16129 Lorel Avenue is $0.
What are some comparable homes to 16129 Lorel Avenue?
There are currently no comparable homes to 16129 Lorel Avenue.
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