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Oak Forest 60452
6247 BOCA RIO Drive
$215,000
● House - Off Market

6247 BOCA RIO Drive

OAK FOREST, IL 60452
bedrooms
4 Beds
bathrooms
2 Baths
$358,039
RealtyHop Estimate
70.58%
Since Apr 1, 2007
National-US
Primary Model

About This Property

4 BEDROOM FRAME BI-LEVEL ON A NICE BLOCK. NEEDS JUST A FEW UPDATES TO MAKE THIS HOME YOUR OWN! BANK OWNED-SOLD AS IS! EARNEST MONEY-CERTIFIED FUNDS ONLY! NO SURVEY OR TERMITE PROVIDED BY THE SELLER. PRESENT PRE-QUAL LTR OR PROOF OF FUNDS WITH OFFER.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$449
HOA Dues
-
Year Built
1970

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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.

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1970
  • 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: 7
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,707
  • Lot Size Depth Feet: 1,130
  • Lot Size Frontage Feet: 750
  • Total Building Area: 1,196
  • Gross Building Area: 1,196
  • Building Area: 1,196
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,196
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: 2ND ADD TO MEDEMAS ELVISTA
  • Land Acres: 0000000177
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03
  • Legal Description 1: (2ND) ADD TO (MEDEMAS)(ELVISTA) GARDENS SUB OF PT OF SH NW SEC 17-36-13

Neighborhood

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

Geography

  • District: 13
  • Parcel: 28-17-117-016-0000
  • Block: 16
  • Lot: 16
  • Meridian: SEC 17 TWN 36N RNG 13E
  • Municipality: BREMEN
  • Latitude: 41.6108
  • Longitude: -87.773

    Address

  • Full Address: 6247 Boca Rio Dr
  • Address - House Number: 6247
  • Address - Street Name: Boca Rio
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Oak Forest
  • Carrier Code: C012
  • 4-Digit Zip Code: 1803
  • Zip Code: 60452

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $561,271
  • Tax Rate Code Area: 13067

    Appraisal Valuation

  • Standard Deviation: 0.2283
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 288,731
  • High Value: 354,660
  • Low Value: 222,802

    Market Valuation

  • Market Total Value: $250,000
  • Market Land Value: $34,680
  • Market Improvement Value: $215,320

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $25,000
  • Assessed Land Value: $3,468
  • Assessed Improvements Value: $21,532

    Sales

  • Current Sale Contract Date: Aug 16, 2023
  • Current Sale Recording Date: Aug 22, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 13226
  • Previous Sale Recording Date: Apr 03, 2007
  • Previous Sale Contract Date: Feb 26, 2007
  • Previous Sale Amount: $215,000
  • Previous Sale Document Type: 68
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:

$320,000

Sale Price/ft²

$198

Below Asking

0.01%

Average Days on Market

44

Average Home Size

1451 ft²

Average Home Age

46 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 15830 Terrace Drive, Oak Forest, IL, 60452

$1,900 /mo

  • 2 Beds
  • 1 Bath
  • 1,000 ft²
15830 Terrace Drive #RO3, Oak Forest, IL, 60452 Listing by Amber Holup
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: Jeff Mrozek, Crosstown Realtors, Inc.
Data Source: MRED, MLS# MRD06405421
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 6247 Boca Rio Drive built and last sold?
The property at 6247 Boca Rio Drive was built in 1970 and last sold on Aug 16, 2023 for $340,000.
How much is this home worth?
The estimated value of the home located at 6247 Boca Rio Drive is $333,300.
What are some comparable homes to 6247 Boca Rio Drive?
There are currently no comparable homes to 6247 Boca Rio Drive.
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