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Oak Forest 60452
5800 Albert Drive
$295,000
● House - Off Market

5800 Albert Drive

Oak Forest, IL 60452
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,600 Ft²
$303,992
RealtyHop Estimate
3.05%
Since Apr 1, 2023
National-US
Primary Model

About This Property

Oak Forest Raised Ranch Featuring 3 (or easily transition back to 4) Bedrooms including a HUGE Master Bedroom, Office, 1.5 Baths,  Living Room, Family Room, 2.5 Car Detached AND 1.5 Heated Car Attached Garage, Battery Back Up Generator, Beautiful Hard wood Floors, NEW Windows, NEW Roof (Complete Tear Off) Large Deck to Entertain Overlooking Fenced Yard! Located in Walking Distance to Park, School, Library, Shopping, Etc. Close to Train, Expressways, and apx. 30 Minutes to Down Town Chicago!
Unit Size
1,600 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$184
Property Type
House
Property Taxes
$184
HOA Dues
-
Year Built
1966

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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.

Last updated: 3 years ago (MRED MLS #11678353)

Price History

Date / Event Date Event Price
Mar 24, 2023 Sold
Premium
Sold
Nov 25, 2022 Listed by Ratliff Realty LLC $295,000
Listed by Ratliff Realty LLC

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1966
  • Effective Year Built: 1966
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 3
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,912
  • Total Building Area: 1,008
  • Gross Building Area: 1,008
  • Building Area: 1,008
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,008
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WARREN J PETERS 01 ADITION
  • Land Acres: 0000000159
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03
  • Legal Description 1: PART N60 AC SEC17 SE4 S17 T36N R13E 3P

Neighborhood

  • School District Name: Arbor Park School District 145
  • Census Tract: 824505

Geography

  • District: 13
  • Parcel: 28-17-405-019-0000
  • Lot: 15
  • Meridian: SEC 17 TWN 36N RNG 13E
  • Municipality: BREMEN
  • Latitude: 41.6091
  • Longitude: -87.761

    Address

  • Full Address: 5800 Albert Dr
  • Address - House Number: 5800
  • Address - Street Name: Albert
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Oak Forest
  • Carrier Code: C007
  • 4-Digit Zip Code: 2806
  • Zip Code: 60452

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $258,370
  • Tax Rate Code Area: 13056

    Appraisal Valuation

  • Standard Deviation: 0.2321
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 67
  • Final Value: 285,447
  • High Value: 351,712
  • Low Value: 219,182

    Market Valuation

  • Market Total Value: $230,000
  • Market Land Value: $31,100
  • Market Improvement Value: $198,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $23,000
  • Assessed Land Value: $3,110
  • Assessed Improvements Value: $19,890

    Sales

  • Current Sale Contract Date: Mar 24, 2023
  • Current Sale Recording Date: Mar 29, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 13040
  • Previous Sale Recording Date: Jul 11, 2002
  • Previous Sale Contract Date: Jun 26, 2002
  • Previous Sale Amount: $165,000
  • 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 Oak Forest

Stats & Trends

Median Asking:

$320,450

Sale Price/ft²

$198

Below Asking

0.01%

Average Days on Market

44

Average Home Size

1493 ft²

Average Home Age

46.7 years

Currently For Sale

47 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 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

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Jennifer Ratliff, Ratliff Realty LLC
Last Updated: 3 years ago
Data Source: MRED, MLS# 11678353
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 5800 Albert Drive built and last sold?
The property at 5800 Albert Drive was built in 1966 and last sold on Mar 24, 2023 for $295,000.
How much is this home worth?
The estimated value of the home located at 5800 Albert Drive is $300,772.
What are some comparable homes to 5800 Albert Drive?
There are currently no comparable homes to 5800 Albert Drive.
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