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438-440 Thomas Avenue

Forest Park, IL 60130
  • $649,000
  • STATUS: Active Under Contract
  • ON SITE: 58 Days
  • MLS #: 11430335
Under Contract
UPDATED: 62 min ago
$649,000
  • 5
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1916
County:
Area:

School Information

Elementary School:
Middle School:
School District:
91

Description

There's No Place Like Home! Rare opportunity to own a turnkey 3-unit property a half block from the center of vibrant downtown Forest Park with all its shops and restaurants! Live or rent out the coach house which is extensively renovated and redesigned by the current owner-occupant. The sunny open-concept main floor with its restored maple flooring, has the living room, dining area, foyer, a main floor bedroom (or office) with custom closets/storage drawers, large kitchen, and new full bath. Upstairs you'll find 2 bedrooms (one currently used as a den), large custom walk-in closet, loft area which is used as an office, and a brand new big, beautiful bath with a large walk-in shower, double vanity, skylight, and heated floors. There is a large, finished room with a huge closet in the basement that can be an additional bedroom, office, exercise room, or craft room. The 2 flat apartments each have a large living area, eat in kitchens, 1 bedroom, 1 bath and a bonus room. The first floor was totally rehabbed in 2015 with new kitchen, bath, floors, and central air! The second floor of the two flat is in good condition but not updated. Long-time tenants occupy both floors. The coach house has a lovely front porch to relax or entertain! There are 3 separate beautifully landscaped areas, that allow the residents to all enjoy the fabulous gardens. Additional improvements since 2015: new siding, roofs, many windows and doors, garage doors, awnings, sidewalks, vinyl fence, patio, pergola, landscaping (Forest Park Garden Walk Winners 2019!) and new copper water supply. The coach house has a new furnace (2017) and the 2 Flat has 2 new water heaters (2021). Many neighbors rent extra alley parking for the tenants and/or the city parking lot is just 5 houses away. This is a desirable neighborhood, and this is an unusual opportunity to own anappreciating income property/home that helps pay the expenses. ROI 8% -10% depending on the down payment.

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© 2022 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Century 21 Affiliated. Based on information submitted to the MRED as of 2022-08-15T14:03:51.833 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED 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 properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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438-440 Thomas Avenue Forest Park, IL 60130

  • Price: $649,000
  • Status: Active Under Contract
  • On Site: 58 Days
  • Updated: 62 min ago
  • MLS #: 11430335
5
Beds
0
Baths
0
½ Baths
N/A
Acres
1916
Built
Neighborhood:
Forest Park
County:
Cook
Area:
Forest Park
Elementary School:
Garfield Elementary School
Middle School:
Forest Park Middle School
High School:
Proviso East High School
School District:
91
Property Description
There's No Place Like Home! Rare opportunity to own a turnkey 3-unit property a half block from the center of vibrant downtown Forest Park with all its shops and restaurants! Live or rent out the coach house which is extensively renovated and redesigned by the current owner-occupant. The sunny open-concept main floor with its restored maple flooring, has the living room, dining area, foyer, a main floor bedroom (or office) with custom closets/storage drawers, large kitchen, and new full bath. Upstairs you'll find 2 bedrooms (one currently used as a den), large custom walk-in closet, loft area which is used as an office, and a brand new big, beautiful bath with a large walk-in shower, double vanity, skylight, and heated floors. There is a large, finished room with a huge closet in the basement that can be an additional bedroom, office, exercise room, or craft room. The 2 flat apartments each have a large living area, eat in kitchens, 1 bedroom, 1 bath and a bonus room. The first floor was totally rehabbed in 2015 with new kitchen, bath, floors, and central air! The second floor of the two flat is in good condition but not updated. Long-time tenants occupy both floors. The coach house has a lovely front porch to relax or entertain! There are 3 separate beautifully landscaped areas, that allow the residents to all enjoy the fabulous gardens. Additional improvements since 2015: new siding, roofs, many windows and doors, garage doors, awnings, sidewalks, vinyl fence, patio, pergola, landscaping (Forest Park Garden Walk Winners 2019!) and new copper water supply. The coach house has a new furnace (2017) and the 2 Flat has 2 new water heaters (2021). Many neighbors rent extra alley parking for the tenants and/or the city parking lot is just 5 houses away. This is a desirable neighborhood, and this is an unusual opportunity to own anappreciating income property/home that helps pay the expenses. ROI 8% -10% depending on the down payment.
Exterior Features

Exterior Building Type Vinyl Siding Exterior Features PatioPorchStorms/Screens Garage Details Garage Door Opener(S)Transmitter(S) Garage Onsite Yes Garage Ownersite Owned Garage Type Detached Is Parking Included In Price Yes Lot Size Less Than .25 Acre Multi Family Type 2 FlatCoach House Other Structures Pergola Parking Details Garage Roof Asphalt Waterfront YN No

Interior Features

Basement Partially Finished Basement Details Full Bedrooms Below Grade 0 Bedrooms Total 5 Full Baths In Building 4 Half Baths In Building 0 Heating Forced Air Room Type DenFoyerLoft Rooms Total 15

Property Features

Additional Parcels YN No Age 100+ Years Built Before1978 YN Yes Community Features CurbsGatedSidewalksStreet LightsStreet Paved Contingency Attorney/Inspection Continue To Show Yes Corporate Limits Forest Park General Information Commuter TrainInterstate Access Insurance Expense 1867 Mls Actual Status Contingent New Construction YN No Ownership Fee Simple Rebuilt YN No Sewer Public SewerSewer-Storm Special Listing Conditions None Tax Annual Amount 17342.95 Tax Year 2020 Total Numberof Unitsin Building 3 Total Rental Income 35400 Township Proviso Type Two To Four Units Water Source Lake Michigan Zoning Multi

Listing information © 2022 Midwest Real Estate Data LLC.
Listing provided courtesy of Berkshire Hathaway Homeservices Chicago.


© 2022 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Century 21 Affiliated. Based on information submitted to the MRED as of 2022-08-15T14:03:51.833 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED 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 properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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