7415 Dixon Street, Forest Park, IL 60130
- Added:
- Aug 22, 2025
- Days on Market:
- 295
- Last Refresh:
- Jun 12 at 11:06 pm
Property Features for 7415 Dixon Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 3
- Rooms
- Bedroom 5, Bathroom 1, Bedroom 1, Bedroom 2, Bathroom 3, Basement, Bedroom 4, Bedroom 3, Bathroom 2, Loft
- Parking
- 8
- Parking features
- Off Alley, Garage
- Basement
- Exterior Entry, Partial, Finished
- Standard status
- Active
- APN
- 15124090140000
- Size
- 3,014 SF
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 13181
Utilities
- Heating system
- Natural Gas, Electric (Heating), Other (Heating)
Building Details
- Year built
- 1923
- Building materials
- Vinyl Siding
- Architectural style
- Victorian
Listing agent Jonathan Paul License #475168729 (708) 848-5550
Listing office Berkshire Hathaway HomeServices Chicago 101 N. Oak Park Avenue, Oak Park, IL (708) 848-5550
Listing date Aug 22, 2025
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Classic Victorian two‑unit property built in 1923 on an oversized double lot with mature trees and perennial gardens
- Main residence approx. 2,314 SF with 3 bedrooms and 2 full baths, plus formal living and dining rooms
- Flexible main‑floor layout includes a first‑floor bedroom with an adjacent full bath
- Second unit approx. 700 SF with 2 bedrooms and 1 full bath, rented month‑to‑month for $850/month
- Kitchen features 42" maple cabinetry and stainless steel appliances; breakfast area and sunroom have newer Andersen windows
- Two garages with off‑alley parking; basement includes laundry and storage
Overview
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $48.8k | $16.20 |
| − Vacancy | −$3.0k | −$1.00 |
| EGI | $45.8k | $15.20 |
| − OpEx | −$13.7k | −$4.56 |
| NOI | $32.1k | $10.64 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Forest Park
- County
- Will
- State
- Illinois
- Longitude
- -88.09594
- Latitude
- 41.531902
