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River Forest 60305 River Forest
542 Park Avenue
$1,230,000
● House - Off Market

542 Park Avenue

River Forest, IL 60305
bedrooms
5 Beds
bathrooms
6 Baths, 1 Half Bath
$1,312,475
RealtyHop Estimate
1.74%
Since May 1, 2023
National-US
Primary Model

About This Property

Renovated in 2021 with the perfect blend of vintage and new! This newly remodeled home in the perfect River Forest location features 5 bedrooms and 5.5 baths.  New mechanicals, appliances, roof, plumbing and electric.  First floor boasts open floor plan for modern living with 10 foot ceilings, wide plank wood flooring, 12 foot long island in the kitchen, which opens to back deck.  Second floor has 4 bedrooms and 3 baths, which includes an enormous primary ensuite.  Third floor displays vaulted ceiling, sky lights, large rec room, full bath and bedroom/office.  Exterior includes 2.5 car garage with newer driveway and pavers with outdoor fireplace.  Walk to schools, beautiful parks, and Metra!
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$1,263
HOA Dues
-
Year Built
1893

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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 #11708545)

Price History

Date / Event Date Event Price
Apr 12, 2023 Sold
Premium
Sold
Feb 1, 2023 Listed by Fathom Realty IL LLC $1,290,000
Listed by Fathom Realty IL LLC

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1893
  • Effective Year Built: 1893
  • Building Count: 1
  • Total Rooms: 14
  • Bedroom Count: 7
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 34
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 150
  • Living Units: 2
  • Business/Commerical Units Count: 2
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 0
  • Garage Type: 11
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,050
  • Total Building Area: 3,413
  • Gross Building Area: 3,413
  • Building Area: 3,413
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 10
  • Heated Square Feet: 3,413
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GERTS RESUB OF PT BLKS9-10 IN LATHROP
  • Land Acres: 0000000208
  • Standard Land Use Code: 1112
  • County Land Use Code: 2-11
  • Legal Description 1: (GERTS) RESUB OF PT BLKS9-10 IN LATHROP & SEAVERNS AD D TO RIVER FOREST IN SEC 12-39-12

Neighborhood

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

Geography

  • District: 33
  • Parcel: 15-12-108-044-0000
  • Block: 9,10
  • Lot: 15
  • Meridian: SEC 12 TWN 39N RNG 12E
  • Municipality: RIVER FOREST
  • Latitude: 41.8898
  • Longitude: -87.8201

    Address

  • Full Address: 542 Park Ave
  • Address - House Number: 542
  • Address - Street Name: Park
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: River Forest
  • Carrier Code: C018
  • 4-Digit Zip Code: 1701
  • Zip Code: 60305

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,571,361
  • Tax Rate Code Area: 33001

    Appraisal Valuation

  • Standard Deviation: 0.1509
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 69
  • Final Value: 802,491
  • High Value: 923,615
  • Low Value: 681,366

    Market Valuation

  • Market Total Value: $665,810
  • Market Land Value: $117,650
  • Market Improvement Value: $548,160

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $66,581
  • Assessed Land Value: $11,765
  • Assessed Improvements Value: $54,816

    Sales

  • Current Sale Contract Date: Apr 04, 2023
  • Current Sale Recording Date: May 02, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 22019
  • Previous Sale Recording Date: Oct 26, 2020
  • Previous Sale Contract Date: Sep 15, 2020
  • Previous Sale Amount: $657,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: ADJ
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:

$569,500

Sale Price/ft²

$289

Below Asking

0.01%

Average Days on Market

43

Average Home Size

1723 ft²

Average Home Age

73 years

Currently For Sale

30 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 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 612 S 13th Avenue, Maywood, IL, 60153

$4,000 /mo

  • 3 Beds
  • 3 Baths
  • 3,600 ft²
612 S 13th Avenue, Maywood, IL, 60153 Listing by Karmen Spears

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: James Tragos, Fathom Realty IL LLC
Last Updated: 3 years ago
Data Source: MRED, MLS# 11708545
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 542 Park Avenue built and last sold?
The property at 542 Park Avenue was built in 1893 and last sold on Apr 4, 2023 for $1,230,000.
How much is this home worth?
The estimated value of the home located at 542 Park Avenue is $0.
What are some comparable homes to 542 Park Avenue?
There are currently no comparable homes to 542 Park Avenue.
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