See Home Value
$1,040,000
● House - Off Market

316 Franklin Avenue

River Forest, IL 60305
bedrooms
5 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
3,000 Ft²
$6,302
Est. Monthly
3.60%
Cap Rate

About This Property

Spacious & Thoughtfully Designed Home in the Heart of River Forest!    Tucked away on a picturesque block, this stunning home offers space, style, and modern conveniences-everything you've been searching for! The welcoming front porch sets the stage for relaxed outdoor gatherings, while the gracious foyer provides abundant storage and a warm entry into this beautifully appointed residence.    The cozy living room, bathed in natural light, flows seamlessly into the sunny dining room, creating an inviting setting for entertaining. The updated kitchen is a chef's delight, featuring bar seating, an abundance of cabinets, a high-end appliance package, and stylish backsplash tile. The open-concept casual dining area and family room offer the perfect space for everyday living and celebrations alike.    This level also includes a private guest suite with a full bathroom and a dedicated office, ideal for remote work or quiet study.    Upstairs, the primary suite is a true retreat, boasting a freshly renovated ensuite bath with double sinks, and marble tile, plus two walk-in closets. Two additional spacious bedrooms offer ample closet space and natural light.    The fully finished basement provides even more versatility with a huge family room, craft/art area, laundry room, extra storage, and a half bath.    Step outside to the professionally landscaped yard, complete with a patio for al fresco dining and entertaining. The 2-car garage with two EV charging stations, plus an additional parking space, adds convenience and efficiency.    This home is equipped with heat pumps, solar panels and smart home technologies, bringing energy efficiency and modern living to the next level!    Perfectly situated just steps from Lincoln Elementary, parks, shops, the CTA Green Line, and Metra, this is an incredible opportunity to enjoy the best of River Forest living.    Move right in and start making memories-schedule your private tour today!
Unit Size
3,000 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$332
Property Type
House
Property Taxes
$1,416
HOA Dues
-
Year Built
1923

Payment Calculator

Cap Rate Calculator

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1923
  • Effective Year Built: 1923
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 12
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 150
  • 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: 8,010
  • Total Building Area: 2,520
  • Gross Building Area: 2,520
  • Building Area: 2,520
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 2,520
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CONWAYS RESUB OF RANSONS
  • Land Acres: 0000000184
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-04
  • Legal Description 1: E S (CONWAYS) RESUB OF (RANSONS) SUB OF WH EH SW SEC 12-39-12

Neighborhood

  • School District Name: River Forest School District 90
  • Census Tract: 812000

Geography

  • District: 33
  • Parcel: 15-12-303-021-0000
  • Block: 1
  • Lot: 19
  • Meridian: SEC 12 TWN 39N RNG 12E
  • Municipality: RIVER FOREST
  • Latitude: 41.8854
  • Longitude: -87.8183

    Address

  • Full Address: 316 Franklin Ave
  • Address - House Number: 316
  • Address - Street Name: Franklin
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: River Forest
  • Carrier Code: C013
  • 4-Digit Zip Code: 2118
  • Zip Code: 60305

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,554,186
  • Tax Rate Code Area: 33001

    Appraisal Valuation

  • Standard Deviation: 0.2287
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 812,391
  • High Value: 998,254
  • Low Value: 626,529

    Market Valuation

  • Market Total Value: $690,000
  • Market Land Value: $86,110
  • Market Improvement Value: $603,890

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $69,000
  • Assessed Land Value: $8,611
  • Assessed Improvements Value: $60,389

    Sales

  • Current Sale Contract Date: Jan 27, 2018
  • Current Sale Recording Date: Feb 14, 2018
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 1804512010
  • Previous Sale Recording Date: Jun 10, 2002
  • Previous Sale Contract Date: May 23, 2002
  • Previous Sale Amount: $410,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: FIX
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 River Forest


Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 948 Madison Street, Oak Park, IL, 60302

$4,300 /mo

  • 3 Beds
  • 3 Baths
  • 2,500 ft²
948 Madison Street #32, Oak Park, IL, 60302 Listing by Lisa Vitale
Unit for rent at 147 N Euclid Avenue, Oak Park, IL, 60302

$4,900 /mo

  • 3 Beds
  • 2 Baths
  • 1,850 ft²
147 N Euclid Avenue #401, Oak Park, IL, 60302 Listing by Joseph Langley


Frequently Asked Questions

When was property at 316 Franklin Avenue built and last sold?
The property at 316 Franklin Avenue was built in 1923 and last sold on Jan 27, 2018 for $737,000.
How much is this home worth?
The estimated value of the home located at 316 Franklin Avenue is $0.
What are some comparable homes to 316 Franklin Avenue?
There are currently no comparable homes to 316 Franklin Avenue.

Nearby Counties