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River Forest 60305 River Forest
7611 Washington Boulevard
$550,000
● House - Off Market

7611 Washington Boulevard

River Forest, IL 60305
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,422 Ft²
$3,512
Est. Monthly
6.64%
Cap Rate

About This Property

Great traditional 4 bed bungalow with plenty of space for the whole household! Traditional bungalow floorplan with two bedrooms on the main level and two bedrooms plus a loft on the second level. Main bathroom has been updated and kitchen features new stainless steel appliances. Hardwood floors throughout! Newer Marvin windows throughout the home. Great walk score location - can walk to green line, Metra, and blue line!
Unit Size
1,422 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$380
Property Type
House
Property Taxes
$861
HOA Dues
-
Year Built
1926

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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 #12000006)

Price History

Date / Event Date Event Price
Jun 3, 2024 Sold
Premium
Sold
Mar 8, 2024 Listed by Baird & Warner $539,900
Listed by Baird & Warner

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1926
  • Effective Year Built: 1926
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 12
  • 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: 4
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,407
  • Total Building Area: 1,422
  • Gross Building Area: 1,422
  • Building Area: 1,422
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,422
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WILLIAM P TUTTLES RESUB OF LTS11-19 IN
  • Land Acres: 0000000147
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03
  • Legal Description 1: WILLIAM P (TUTTLES) RESUB OF LTS11-19 INCL & W9FT OF LTS1-10 & E9FT OF LT21-30 INCL OF BLK3 & LTS1-9 OF BLK6 IN SEC12 IN RESU

Neighborhood

  • School District Name: River Forest School District 90
  • Census Tract: 812000

Geography

  • District: 33
  • Parcel: 15-12-317-006-0000
  • Block: 3,6
  • Lot: 1-19
  • Meridian: SEC 12 TWN 39N RNG 12E
  • Municipality: RIVER FOREST
  • Latitude: 41.8827
  • Longitude: -87.8152

    Address

  • Full Address: 7611 Washington Blvd
  • Address - House Number: 7611
  • Address - Street Name: Washington
  • Address - Suffix Type: Blvd
  • State: IL
  • City Name: River Forest
  • Carrier Code: C011
  • 4-Digit Zip Code: 2125
  • Zip Code: 60305

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,069,708
  • Tax Rate Code Area: 33001

    Appraisal Valuation

  • Standard Deviation: 0.2259
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 530,412
  • High Value: 650,254
  • Low Value: 410,571

    Market Valuation

  • Market Total Value: $430,000
  • Market Land Value: $68,880
  • Market Improvement Value: $361,120

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $43,000
  • Assessed Land Value: $6,888
  • Assessed Improvements Value: $36,112

    Sales

  • Current Sale Contract Date: May 29, 1998
  • Current Sale Recording Date: Jun 09, 1998
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 98481977
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 River Forest

Stats & Trends

Median Asking:

$649,000

Sale Price/ft²

$297

Below Asking

0.01%

Average Days on Market

45

Average Home Size

1681 ft²

Average Home Age

68.9 years

Currently For Sale

32 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 1440 Circle Avenue, Forest Park, IL, 60130

$3,900 /mo

  • 3 Beds
  • 2 Baths
  • 2,100 ft²
1440 Circle Avenue, Forest Park, IL, 60130 Listing by Jessica Teuthorn
Unit for rent at 1610 S 4th Avenue, Maywood, IL, 60153

$4,000 /mo

  • 3 Beds
  • 2 Baths
  • 1,754 ft²
1610 S 4th Avenue, Maywood, IL, 60153 Listing by Erik Corral

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Sabrina Conti Erangey, Baird & Warner
Last Updated: 3 years ago
Data Source: MRED, MLS# 12000006
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 7611 Washington Boulevard built and last sold?
The property at 7611 Washington Boulevard was built in 1926 and last sold on May 29, 1998 for $210,000.
How much is this home worth?
The estimated value of the home located at 7611 Washington Boulevard is $0.
What are some comparable homes to 7611 Washington Boulevard?
There are currently no comparable homes to 7611 Washington Boulevard.
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