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Brookfield 60513
2924 Forest Avenue
$325,000
● House - Off Market

2924 Forest Avenue

Brookfield, IL 60513
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,150 Ft²
$2,365
Est. Monthly
8.24%
Cap Rate

About This Property

Come check out this meticulously maintained   3 bed 1.5 bath split level home. Warm and welcoming from the first moment you walk in. Main level features living room, dining room, kitchen, full bath and coveted first floor bedroom. Second level features two more bedrooms. Master with double closets. Lower level with family room and laundry room. Added storage in easy access crawlspace. Detached 2 car garage. Located across the street from forest preserve, and zoo nearby. Excellent school district, plus so much more. Make your appointment today.
Unit Size
1,150 Ft²
Days on Market
-
Land Size
-
Price per sqft
$283
Property Type
House
Property Taxes
$768
HOA Dues
-
Year Built
1965

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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 #11929286)

Price History

Date / Event Date Event Price
Feb 2, 2024 Sold
Premium
Sold
Dec 13, 2023 Listed by RE/MAX Achievers $325,000
Listed by RE/MAX Achievers

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1965
  • 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: 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: 5,544
  • Lot Size Depth Feet: 440
  • Lot Size Frontage Feet: 1,260
  • Total Building Area: 1,150
  • Gross Building Area: 1,150
  • Building Area: 1,150
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,150
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BROOKFIELD HIGHLANDS
  • Land Acres: 0000000127
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-34
  • Legal Description 1: (BROOKFIELD)(HIGHLANDS) SUB OF SE SE SE SE SEC 27-39-12

Neighborhood

  • School District Name: Riverside Brookfield Township School District 208
  • Census Tract: 818700

Geography

  • District: 31
  • Parcel: 15-27-415-027-0000
  • Block: 3
  • Lot: 8
  • Meridian: SEC 27 TWN 39N RNG 12E
  • Municipality: PROVISO
  • Latitude: 41.8378
  • Longitude: -87.8437

    Address

  • Full Address: 2924 Forest Ave
  • Address - House Number: 2924
  • Address - Street Name: Forest
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Brookfield
  • Carrier Code: C017
  • 4-Digit Zip Code: 1031
  • Zip Code: 60513

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $922,062
  • Tax Rate Code Area: 31054

    Appraisal Valuation

  • Standard Deviation: 0.1011
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 90
  • Final Value: 318,686
  • High Value: 350,908
  • Low Value: 286,465

    Market Valuation

  • Market Total Value: $300,000
  • Market Land Value: $38,810
  • Market Improvement Value: $261,190

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $30,000
  • Assessed Land Value: $3,881
  • Assessed Improvements Value: $26,119

    Sales

  • Current Sale Contract Date: Jan 30, 2024
  • Current Sale Recording Date: Feb 05, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 6168
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 Brookfield

Stats & Trends

Median Asking:

$400,000

Sale Price/ft²

$275

Below Asking

0.01%

Average Days on Market

41

Average Home Size

1341 ft²

Average Home Age

81.8 years

Currently For Sale

27 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 8836 Ogden Avenue, Brookfield, IL, 60513

$3,000 /mo

  • 3 Beds
  • 1 Bath
  • 2,800 ft²
8836 Ogden Avenue #1, Brookfield, IL, 60513 Listing by Janny Arenas

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Kelly Reif, RE/MAX Achievers
Last Updated: 3 years ago
Data Source: MRED, MLS# 11929286
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 2924 Forest Avenue built and last sold?
The property at 2924 Forest Avenue was built in 1965 and last sold on Jan 30, 2024 for $325,000.
How much is this home worth?
The estimated value of the home located at 2924 Forest Avenue is $0.
What are some comparable homes to 2924 Forest Avenue?
There are currently no comparable homes to 2924 Forest Avenue.
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