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Oak Forest 60452
5923 Victoria Drive
$350,000
● House - Off Market

5923 Victoria Drive

Oak Forest, IL 60452
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,040 Ft²
$1,942
Est. Monthly
6.45%
Cap Rate

About This Property

Welcome a freshly remodeled home to the neighborhood! This home features four bedrooms, two bath. Brand new dishwasher, microwave, and stove. All stainless steel! Beautiful backsplash in the kitchen with dark shaker cabinets! The combination is undeniably amazing. Brushed gold finishes throughout the home. Brand new carpet and brand new top-of-the-line vinyl flooring. Full finished basement the full size of the upper home. Includes washer and dryer. And both bathrooms, brand new vanity, finishes, and amazing tile work in the showers! Heading to outside is a lovely large 2 1/2 car garage, along side is a very spacious patio and backyard fenced in! Brand new roof in the house, and garage! Hurry and come check this one out! Your freshly remodeled, modern home is waiting for you!!
Unit Size
1,040 Ft²
Days on Market
-
Land Size
-
Price per sqft
$327
Property Type
House
Property Taxes
$272
HOA Dues
-
Year Built
1965

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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.

Property Highlights

Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1965
  • 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: 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: 4
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,600
  • Total Building Area: 1,040
  • Gross Building Area: 1,040
  • Building Area: 1,040
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,040
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PETERS CASTLETOWNE SUB UNIT2
  • Land Acres: 0000000152
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03
  • Legal Description 1: WARREN J (PETERS)(CASTLETOWNE) SUB (UNIT2) SUB OF PT OF SH NE & PT OF N 60 ACS SE ALSO PT OF OUTLOT A IN CASTLETOWNE SUB UNIT

Neighborhood

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

Geography

  • District: 13
  • Parcel: 28-17-404-005-0000
  • Block: 15
  • Lot: 5
  • Meridian: SEC 17 TWN 36N RNG 13E
  • Municipality: BREMEN
  • Latitude: 41.6099
  • Longitude: -87.7644

    Address

  • Full Address: 5923 Victoria Dr
  • Legal Unit: 2
  • Address - House Number: 5923
  • Address - Street Name: Victoria
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Oak Forest
  • Carrier Code: C007
  • 4-Digit Zip Code: 2842
  • Zip Code: 60452

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $326,722
  • Tax Rate Code Area: 13056

    Appraisal Valuation

  • Standard Deviation: 0.2283
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 282,465
  • High Value: 346,964
  • Low Value: 217,967

    Market Valuation

  • Market Total Value: $210,000
  • Market Land Value: $29,700
  • Market Improvement Value: $180,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $21,000
  • Assessed Land Value: $2,970
  • Assessed Improvements Value: $18,030
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

$198

Below Asking

0.01%

Average Days on Market

43

Average Home Size

1503 ft²

Average Home Age

46.2 years

Currently For Sale

39 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

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MRED

Listed by: Alexa Pavlik, eXp Realty, LLC
Data Source: MRED, MLS# MRD12222309
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 5923 Victoria Drive built and last sold?
The property at 5923 Victoria Drive was built in 1965 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 5923 Victoria Drive is $337,652.
What are some comparable homes to 5923 Victoria Drive?
There are currently no comparable homes to 5923 Victoria Drive.
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