See Home Value
Oak Forest 60452
5230 159th Street
$1,175,000
● House - Off Market

5230 159th Street

Oak Forest, IL 60452
bedrooms
Studio
bathrooms
0 Bath
$10,432
Est. Monthly
-1.46%
Cap Rate

About This Property

Explore this exceptional investment opportunity at 5230 159th St, Oak Forest, IL 60452. This standout retail property is ideally located at the busy corner of 159th Street and Latrobe Ave, drawing in a steady stream of foot traffic and featuring solid, long-term tenants for sustained business success. It's not just the location that's prime; this property also promises substantial income potential and robust cash flows.    The site includes a freestanding building on a half-acre plot and offers extensive customer parking with 38 available spaces. The sale encompasses all fixtures, furniture, equipment (FF&E), and established goodwill. Presently valued at $1,060,000 (3rd party appraisal) with an additional $340,000 attributed to a thriving Coin Laundry and dry cleaning operation, this is a ripe prospect for any serious investor.    Additional growth opportunities abound: the current business hours end at 5 PM daily, presenting the potential to increase revenue through extended hours. Furthermore, there are no vending or ancillary retail sales, avenues a new owner could develop. The Coin Laundry facility has been recently updated, with machines replaced within the last 5 to 10 years, ensuring lower maintenance costs and higher efficiency.    Don't miss out on making a strategic investment in a property designed for success. All serious offers will be carefully considered. Secure this profitable venture today and watch your investment grow.
Unit Size
-
Days on Market
-
Land Size
0.56 acres
Price per sqft
-
Property Type
House
Property Taxes
$3,558
HOA Dues
-
Year Built
1969

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Last updated: 2 years ago (MRED MLS #12053755)

Price History

Date / Event Date Event Price
Jan 21, 2025 Sold
Sold
Sep 14, 2024 In contract -
In contract
Aug 27, 2024 Listed by Coldwell Banker Realty $1,400,000
Listed by Coldwell Banker Realty
Jun 25, 2020 No longer available -
No longer available
Mar 8, 2020 Relisted $920,000
Relisted
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Property Highlights


Building Info

Overview

    General

  • Year Built: 1969
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 28
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Business/Commerical Units Count: 4
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 24,396
  • Total Building Area: 7,696
  • Gross Building Area: 7,696
  • Building Area: 7,696
  • Building Area Measurement: R

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 7,696
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: C
  • Subdivision: ARTHUR T MCINTOSH & COMPANYS
  • Land Acres: 0000000560
  • Standard Land Use Code: 2043
  • County Land Use Code: 5-17

Neighborhood

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

Geography

  • District: 13
  • Parcel: 28-16-303-058-0000
  • Lot: 9
  • Meridian: SEC 16 TWN 36N RNG 13E
  • Municipality: BREMEN
  • Latitude: 41.6035
  • Longitude: -87.7476

    Address

  • Full Address: 5230 159th St
  • Address - House Number: 5230
  • Address - Street Name: 159th
  • Address - Suffix Type: St
  • State: IL
  • City Name: Oak Forest
  • Carrier Code: C001
  • 4-Digit Zip Code: 3372
  • Zip Code: 60452

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $3,790,397
  • Tax Rate Code Area: 13056

    Market Valuation

  • Market Total Value: $607,088
  • Market Land Value: $182,972
  • Market Improvement Value: $424,116

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $151,772
  • Assessed Land Value: $45,743
  • Assessed Improvements Value: $106,029

    Sales

  • Current Sale Contract Date: Oct 05, 2005
  • Current Sale Recording Date: Oct 20, 2005
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 0529335297
  • Previous Sale Recording Date: Jun 27, 1997
  • Previous Sale Contract Date: Jun 26, 1997
  • Previous Sale Document Type: 41
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 Oak Forest


Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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

$1,900 /mo

  • 2 Beds
  • 1 Bath
  • 1,000 ft²
6408 Nature Drive #3W, Oak Forest, IL, 60452 Listing by Barbara Moniuszko
Unit for rent at 15700 Reynolds Lane, Oak Forest, IL, 60452

$1,900 /mo

  • 2 Beds
  • 1 Bath
  • 900 ft²
15700 Reynolds Lane #1, Oak Forest, IL, 60452 Listing by Rima Odeh


Frequently Asked Questions

When was property at 5230 159th Street built and last sold?
The property at 5230 159th Street was built in 1969 and last sold on Oct 5, 2005 for $650,000.
How much is this home worth?
The estimated value of the home located at 5230 159th Street is $1,414,000.
What are some comparable homes to 5230 159th Street?
There are currently no comparable homes to 5230 159th Street.