803 Forest Avenue
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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%.
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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.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 8, 2025 | Sold | ||
| Sold | |||
| Nov 19, 2024 | In contract | - | |
| In contract | |||
| Oct 15, 2024 | Temporarily off market | - | |
| Temporarily off market | |||
| Oct 14, 2024 | Listed by Compass | $599,000 | |
| Listed by Compass | |||
| Sep 25, 2024 | Listed by Compass | $625,000 | |
| Listed by Compass | |||
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Charming & updated American Foursquare in the Frank Lloyd Wright Historic District! This 3-bedroom + den, 1.5 bath large Single-Family home sits on an oversized, deep lot on highly sought-after Forest Avenue! This classic has been meticulously cared for and updated while maintaining its timeless sophistication. The main floor features a wide Sun-room that opens to a large formal Living Room featuring a gorgeous fireplace surrounded by built-in shelving that opens to a formal Dining room and leads to an updated kitchen featuring Stainless Steel appliances, butcher-block countertops, newer cherry cabinetry & quaint eat-in area that overlooks your huge back deck & professionally landscaped yard - all perfect for entertaining! The 2nd Floor features 3 full bedrooms + a light-filled den, a large primary bedroom and a brand-new full bathroom with penny-tile flooring & classic Subway Tile surround. The partially finished Lower Level boasts a Family Room, storage, laundry and a roughed-in bathroom...all on a unique, extra-deep (179') L-shaped lot that has a professionally landscaped yard (2 PIN #'s) featuring several sitting areas, a water-fountain & flagstone pathway, an outdoor fireplace, 2-car garage (+ additional 2 outdoor parking spaces) and all on a very quiet, amazing block. This home is just steps from the Frank Lloyd Wright Home & Studio and downtown Oak Park's great area restaurants, shopping, theater, library, many area parks, transportation, and top-rated Mann Elementary School & Field Park! *Also, per the city of Oak Park, an ADU/coach-house could be built on the property*
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About Oak Park
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017