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River Grove 60171 River Grove
2450 Forest View Avenue
$310,000
● House - Off Market

2450 Forest View Avenue

River Grove, IL 60171
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,383 Ft²
$356,711
RealtyHop Estimate
11.51%
Since Dec 1, 2021
National-US
Primary Model

About This Property

LOOK NO FURTHER! DELIGHTFUL BRICK HOUSE RANCH STYLE WITH 3 BEDROOMS AND 2 BATHROOMS! MOVE-IN READY! COMPLETELY UPDATED: ALL ROOMS WITH WOOD FLOORS, FRESHLY PAINTED IN 2021, KITCHEN WITH ALL STAINLESS STEEL APPLIANCES, AND DESIGNER TILE FLOOR. ALL BATHROOMS REMODELED IN 2019, FULL FINISHED BASEMENT WITH BAR STAND CORNER AND POOL TABLE. **BRAND NEW: ROOF (2021), GUTTERS (2021), SKYLIGHTS (2021), DRAIN SYSTEM (2021), WATER METER (2021), GAS METER (2020)**. IN ADDITION, AN UPDATED SUNROOM ATTACHED TO THE HOUSE, AND A 1-CAR GARAGE. ENJOY YOUR CLEAN BACKYARD WITH A SWIMMING POOL. CLOSE TO SCHOOLS, PARKS, DOWNTOWN, EASY ACCESS TO PUBLIC TRANSPORTATION. COME SEE IT TODAY.
Unit Size
1,383 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$231
Property Type
House
Property Taxes
$425
HOA Dues
-
Year Built
1953

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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: 3 years ago (MRED MLS #11224526)

Price History

Date / Event Date Event Price
Nov 1, 2021 Sold
Premium
Sold
Sep 20, 2021 Listed by IPrice Realty, LLC $319,900
Listed by IPrice Realty, LLC

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1953
  • Effective Year Built: 1953
  • 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: 12
  • Building Style: 28
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,350
  • Total Building Area: 913
  • Gross Building Area: 913
  • Building Area: 913
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 913
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: DRECHSLER BROTHERS
  • Land Acres: 0000000123
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-02

Neighborhood

  • School District Name: River Grove School District 85-5
  • Census Tract: 811100

Geography

  • District: 20
  • Parcel: 12-26-328-010-0000
  • Block: 2
  • Lot: 2
  • Meridian: SEC 26 TWN 40N RNG 12E
  • Municipality: LEYDEN
  • Latitude: 41.9245
  • Longitude: -87.8373

    Address

  • Full Address: 2450 Forest View Ave
  • Address - House Number: 2450
  • Address - Street Name: Forest View
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: River Grove
  • Carrier Code: C002
  • 4-Digit Zip Code: 1745
  • Zip Code: 60171

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $533,931
  • Tax Rate Code Area: 20032

    Appraisal Valuation

  • Standard Deviation: 0.2336
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 67
  • Final Value: 313,220
  • High Value: 386,401
  • Low Value: 240,040

    Market Valuation

  • Market Total Value: $230,010
  • Market Land Value: $56,180
  • Market Improvement Value: $173,830

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $23,001
  • Assessed Land Value: $5,618
  • Assessed Improvements Value: $17,383

    Sales

  • Current Sale Contract Date: Nov 01, 2021
  • Current Sale Recording Date: Nov 15, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2131947230
  • Previous Sale Recording Date: Feb 23, 2004
  • Previous Sale Contract Date: Dec 15, 2003
  • Previous Sale Amount: $265,000
  • 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 River Grove

Stats & Trends

Median Asking:

$349,900

Sale Price/ft²

$221

Below Asking

0.01%

Average Days on Market

41

Average Home Size

952 ft²

Average Home Age

70.3 years

Currently For Sale

19 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 2817 N 75th Avenue, Elmwood Park, IL, 60707

$3,525 /mo

  • 3 Beds
  • 2 Baths
2817 N 75th Avenue #1S, Elmwood Park, IL, 60707 Listing by Carrie Mahoney

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Gregory Berdyshev, IPrice Realty, LLC
Last Updated: 3 years ago
Data Source: MRED, MLS# 11224526
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 2450 Forest View Avenue built and last sold?
The property at 2450 Forest View Avenue was built in 1953 and last sold on Nov 1, 2021 for $310,000.
How much is this home worth?
The estimated value of the home located at 2450 Forest View Avenue is $326,026.
What are some comparable homes to 2450 Forest View Avenue?
There are currently no comparable homes to 2450 Forest View Avenue.
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