50 WestwoodPark Forest, IL 60466

  • Residential income properties
  • 8,288 SF
Off market
$12,809,390 Estimated

Property Details for 50 Westwood

Year built
1961
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
1.28 AC
Property size (Sq ft)
8,288 SF
Property type
Residential income properties
Property subtype
Residential income homes
APN
31-25-202-029
APU
3125202029

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $3,302,774
    6.5%
    $3,048,714
    7%
    $2,830,949
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,673,244
    Geo Method
    $1,673,244
  • Alternative Use

    Use
    Valuation
    Residential
    $3,048,714
    Hospitality
    $2,792,606
    Educational
    $2,323,415
    Medical
    $2,403,321
    Retail
    $3,614,201
50 Westwood, Park Forest, Illinois
Leaflet | © OpenStreetMap contributors

Location Insight

City
Park Forest
County
Cook
State
Illinois
Latitude
41.4931
Longitude
-87.6771
CBSA code
16980
CBSA name
CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$74,451
$19,492
$35,876
$55,368
-
$194,920
$358,760
$553,680

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