See Home Value
Oak Forest 60452
5516 La Palm Drive
$295,000
● House - Off Market

5516 La Palm Drive

Oak Forest, IL 60452
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,500 Ft²
$1,792
Est. Monthly
7.15%
Cap Rate

About This Property

Looking for the perfect blend of comfort, updates, and a prime location? This true ranch-style home sits on a spacious, fully fenced corner lot in Oak Forest, offering modern updates and a fantastic layout for easy living! Step inside to brand-new LVP flooring (2025), fresh paint (2025), and updated outlets, vent covers, and light fixtures (2025), creating a fresh and move-in-ready feel. The kitchen shines with newer appliances (2023), while the large multi-purpose addition offers endless possibilities-think family room, recreation room or playroom! Major systems provide peace of mind with a newer hot water tank (2019) and roof (approx. 2012-2015), newer windows, plus a furnace and A/C (2012) to keep you comfortable year-round. The cement crawlspace adds practical storage, and the fenced yard (with a dog run too) is perfect for pets or outdoor gatherings! Don't miss this fantastic opportunity - most affordable ranch in the area - taxes are $4,594.20 with only a homeowners exemption! Schedule your showing today and make this Oak Forest gem yours!
Unit Size
1,500 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$197
Property Type
House
Property Taxes
$343
HOA Dues
-
Year Built
1961

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Property Highlights

Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1961
  • Effective Year Built: 1961
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 3
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,097
  • Total Building Area: 1,017
  • Gross Building Area: 1,017
  • Building Area: 1,017
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,017
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MEDEMAS ELVISTA SOUTH
  • Land Acres: 0000000186
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03
  • Legal Description 1: (MEDEMAS)(ELVISTA)(SOUTH) SUB OF SH WH SW SEC 09-36-13

Neighborhood

  • School District Name: Forest Ridge School District 142
  • Census Tract: 824601

Geography

  • District: 13
  • Parcel: 28-09-305-001-0000
  • Block: 7
  • Lot: 1
  • Meridian: SEC 09 TWN 36N RNG 13E
  • Municipality: BREMEN
  • Latitude: 41.6205
  • Longitude: -87.7547

    Address

  • Full Address: 5516 La Palm Dr
  • Address - House Number: 5516
  • Address - Street Name: La Palm
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Oak Forest
  • Carrier Code: C002
  • 4-Digit Zip Code: 1223
  • Zip Code: 60452

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $412,031
  • Tax Rate Code Area: 13067

    Appraisal Valuation

  • Standard Deviation: 0.2283
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 259,660
  • High Value: 318,951
  • Low Value: 200,369

    Market Valuation

  • Market Total Value: $180,000
  • Market Land Value: $36,440
  • Market Improvement Value: $143,560

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $18,000
  • Assessed Land Value: $3,644
  • Assessed Improvements Value: $14,356
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 14833 Kilpatrick Avenue, Midlothian, IL, 60445

$2,250 /mo

  • 3 Beds
  • 2 Baths
  • 1,200 ft²
14833 Kilpatrick Avenue #1E, Midlothian, IL, 60445 Listing by Kaveeta Weir
Unit for rent at 6408 Nature Drive, Oak Forest, IL, 60452

$2,150 /mo

  • 3 Beds
  • 1 Bath
  • 1,200 ft²
6408 Nature Drive #1W, Oak Forest, IL, 60452 Listing by Barbara Moniuszko


Frequently Asked Questions

When was property at 5516 La Palm Drive built and last sold?
The property at 5516 La Palm Drive was built in 1961 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 5516 La Palm Drive is $299,335.
What are some comparable homes to 5516 La Palm Drive?
There are currently no comparable homes to 5516 La Palm Drive.