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River Forest 60305 River Forest
539 Forest Avenue
Photo of 539 Forest Avenue
Sold on Mar 31, 2025

85

Map

Photo of 539 Forest Avenue
Photo of 539 Forest Avenue
$1,250,000
● House - Off Market

539 Forest Avenue

River Forest, IL 60305
bedrooms
4 Beds
bathrooms
4 Baths
square feet
3,100 Ft²
$7,156
Est. Monthly
2.41%
Cap Rate
Unit Size
3,100 Ft²
Days on Market
-
Land Size
-
Price per sqft
$387
Property Type
House
Property Taxes
$1,263
HOA Dues
-
Year Built
1891

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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.

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1891
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 5
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 150
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,845
  • Lot Size Depth Feet: 550
  • Lot Size Frontage Feet: 1,780
  • Total Building Area: 2,504
  • Gross Building Area: 2,504
  • Building Area: 2,504
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 10
  • Heated Square Feet: 2,504
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SOLOMAN THATCHERS
  • Land Acres: 0000000226
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-04
  • Legal Description 1: (SOLOMAN) (THATCHERS) SUB OF WH OF NW SEC 12-39-12

Neighborhood

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

Geography

  • District: 33
  • Parcel: 15-12-108-018-0000
  • Lot: 10
  • Meridian: SEC 12 TWN 39N RNG 12E
  • Municipality: RIVER FOREST
  • Latitude: 41.8897
  • Longitude: -87.8214

    Address

  • Full Address: 539 Forest Ave
  • Address - House Number: 539
  • Address - Street Name: Forest
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: River Forest
  • Carrier Code: C018
  • 4-Digit Zip Code: 1707
  • Zip Code: 60305

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,722,070
  • Tax Rate Code Area: 33001

    Appraisal Valuation

  • Standard Deviation: 0.2628
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 62
  • Final Value: 685,613
  • High Value: 865,799
  • Low Value: 505,427

    Market Valuation

  • Market Total Value: $737,460
  • Market Land Value: $127,990
  • Market Improvement Value: $609,470

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $73,746
  • Assessed Land Value: $12,799
  • Assessed Improvements Value: $60,947

    Sales

  • Current Sale Contract Date: Sep 24, 1998
  • Current Sale Recording Date: Oct 07, 1998
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 98898579
  • Previous Sale Recording Date: Jul 08, 1994
  • Previous Sale Contract Date: Jun 29, 1994
  • Previous Sale Amount: $250,000
  • 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 Forest

Stats & Trends

Median Asking:

$617,000

Sale Price/ft²

$297

Below Asking

0.01%

Average Days on Market

44

Average Home Size

1681 ft²

Average Home Age

68.9 years

Currently For Sale

32 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 1610 S 4th Avenue, Maywood, IL, 60153

$4,000 /mo

  • 3 Beds
  • 2 Baths
  • 1,754 ft²
1610 S 4th Avenue, Maywood, IL, 60153 Listing by Erik Corral

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Amber Kardosh, @properties Christie's International Real Estate
Data Source: MRED, MLS# MRD12203814
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 539 Forest Avenue built and last sold?
The property at 539 Forest Avenue was built in 1891 and last sold on Sep 24, 1998 for $315,000.
How much is this home worth?
The estimated value of the home located at 539 Forest Avenue is $0.
What are some comparable homes to 539 Forest Avenue?
There are currently no comparable homes to 539 Forest Avenue.
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