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Oak Forest 60452
5812 Orange Lane
$275,000
● House - Off Market

5812 Orange Lane

Oak Forest, IL 60452
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
960 Ft²
$1,784
Est. Monthly
5.97%
Cap Rate

About This Property

Opportunity knocks! Make this home your own and enjoy the wonderful neighborhood! This three bedroom home is ready for your vision and finishing touches. Enjoy the large backyard with an inviting deck and get ready to relax in the pool. Close to shopping, restaurants, and great schools, this home is pure potential.
Unit Size
960 Ft²
Days on Market
-
Land Size
-
Price per sqft
$260
Property Type
House
Property Taxes
$556
HOA Dues
-
Year Built
1967

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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 #12050396)

Price History

Date / Event Date Event Price
May 24, 2024 Sold
Premium
Sold
May 8, 2024 Listed by @properties Christie's International Real Estate $250,000
Listed by @properties Christie's International Real Estate

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1967
  • Effective Year Built: 1967
  • 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: 41
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • 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: 6,600
  • Lot Size Depth Feet: 1,100
  • Lot Size Frontage Feet: 600
  • Total Building Area: 960
  • Gross Building Area: 960
  • Building Area: 960
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 960
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PETERS FIFTH ADD TO ELMORRO
  • Land Acres: 0000000152
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-34
  • Legal Description 1: WARREN J (PETERS) (FIFTH) ADD TO (ELMORRO) SUB OF PT OF SH NE SEC 17-36-13

Neighborhood

  • School District Name: Forest Ridge School District 142
  • Census Tract: 824505

Geography

  • District: 13
  • Parcel: 28-17-228-004-0000
  • Lot: 181
  • Meridian: SEC 17 TWN 36N RNG 13E
  • Municipality: BREMEN
  • Latitude: 41.6115
  • Longitude: -87.7621

    Address

  • Full Address: 5812 Orange Ln
  • Address - House Number: 5812
  • Address - Street Name: Orange
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Oak Forest
  • Carrier Code: C007
  • 4-Digit Zip Code: 2026
  • Zip Code: 60452

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $683,684
  • Initial Tax Delinquent Year: 2021
  • Tax Rate Code Area: 13067

    Appraisal Valuation

  • Standard Deviation: 0.2283
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 266,300
  • High Value: 327,107
  • Low Value: 205,493

    Market Valuation

  • Market Total Value: $200,000
  • Market Land Value: $29,700
  • Market Improvement Value: $170,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $20,000
  • Assessed Land Value: $2,970
  • Assessed Improvements Value: $17,030
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:

$319,900

Sale Price/ft²

$200

Below Asking

0.01%

Average Days on Market

44

Average Home Size

1558 ft²

Average Home Age

47.1 years

Currently For Sale

29 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 6408 Nature Drive, Oak Forest, IL, 60452

$1,950 /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

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Katherine Wahrhaftig, @properties Christie's International Real Estate
Last Updated: 3 years ago
Data Source: MRED, MLS# 12050396
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 5812 Orange Lane built and last sold?
The property at 5812 Orange Lane was built in 1967 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 5812 Orange Lane is $0.
What are some comparable homes to 5812 Orange Lane?
There are currently no comparable homes to 5812 Orange Lane.
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