River Forest Condo with
For Sale
$130,000
7212 Oak Avenue #3NE River, River Forest, IL 60305
East-facing 2 bed, 1 bath condo with updated kitchen.
Property Size900 SF
Price / SF$144.44
Days on Market422
Property Features for 7212 Oak Avenue #3NE River
General Information
Standard status
Active
Size
900 SF
Property subtype
Condominium
Amenities
Indv Controls
Wall Unit(s)
Range
Refrigerator
Range Hood
Rubber
Building Details
Building Size
900 SF
Year Built
1942
Listing Agency:
United Realty Partners LTD
Listed By:
Abdul Suleiman
(708) 448-2900
Source:
Kw
Added: Aug 25, 2025
Changed: Oct 18
Last Checked: Oct 19 at 4:46AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of United Realty Partners LTD
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Investment Insights
Based on property information with market context.
This east-facing condominium in River Forest features 2 bedrooms and 1 bathroom. The property offers an open living and dining layout. The kitchen has been updated with new pine cabinets and granite counters. Onsite laundry facilities and basement storage are available. The location provides access to parks, highly-rated schools, Trader Joe's, Whole Foods, CTA Green Line, and various shopping options. The unit size is 900 square feet.
Key Highlights
- Affordable River Forest Living awaits!
- Updated Kitchen featuring New Pine Cabinets & Granite Counters.
- Open Living/Dining Layout, perfect for entertaining.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,441
Cap Rate
8.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$208,820
$208.8K
Cap Rate 7%
$149,157
$149.2K
Cap Rate 9%
$116,011
$116.0K
Market Conditions
NOI Build-Up for 900 SF
Gross rent
$20.4K $22.68/SF
− Vacancy
−$1.4K −$1.59/SF
EGI
$19.0K $21.09/SF
− OpEx
−$8.5K −$9.49/SF
NOI
$10.4K $11.60/SF
Area
Cook County, IL
Vacancy
7.00%
Lease Rate
$22.68 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$208,820
Cap Rate 7%
$149,157
Cap Rate 9%
$116,011
Alternative Uses
Best Use
Apartment 5plus
$149.2K
$130.5K – $174.0K
NOI $10,441 @ 7.0% cap · market cap 8.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$310.7K
$271.9K – $362.5K
NOI $21,751 @ 7.0% cap · market cap 16.73%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Location Intelligence
Trade Area within ½ mile
782
Businesses Nearby
Explore this area
Business Placement
Demographics for 60305, IL
11,710
Population
4,494
Households
2.6
Avg Household Size
40
Median Age
73%
College-Educated
97%
High-School Grad
2.5 sq mi
ZIP Area
4,684
Density / Sq Mi
$148,711
Median Household Income
$83,347
Median Earnings
$1,411
Median Rent
$676,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - East-facing 2 bed, 1 bath condo with updated kitchen.
Where is this apartment building located?
The property is located at 7212 Oak Avenue #3NE River River Forest, IL.
What is the asking price?
The asking price for this property is $130,000.
What are key features of this property?
This property features: Affordable River Forest Living awaits!; Updated Kitchen featuring New Pine Cabinets & Granite Counters.; Open Living/Dining Layout, perfect for entertaining.
