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$189,900

  • For Sale
  • Active
  • Single Family
  • 3 Beds
  • 2 Full Baths
  • 1,502 Sq. Ft.
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Imagine bringing this charming Cape Cod back to life as a Vintage-Modern luxury home! Situated on a spacious double corner lot (.308 Acre), this property offers incredible potential. Step onto the expansive front deck and into a home filled with character, including lovely original hardwood floors throughout. The main level features a bright living room, separate dining room, a bedroom, a full bathroom with a walk-in tile-surround shower, and a vintage kitchen. Upstairs offers two nicely sized bedrooms-one with a full cedar-walled walk-in closet-and an additional full bathroom with a tile-surround stand-up shower. A full unfinished basement provides ample opportunity for future expansion. Updates include a hot water heater (2021). A large driveway accommodates 5-7 vehicles. Estate Sale-Strictly Sold AS IS. Conventional or Cash financing only. Taxes reflect Homeowner, Senior, and Senior Freeze exemptions. Bring your vision and craftsmanship-this home is ready to be revived! Tons of potential!

Full Property Details for 4850 162nd St

General

  • Price: $189,900
  • Taxes: $3,427 (2023)
  • Status: Active
  • Type: Single Family
  • Source: MRED
  • MLS ID: 12520406
  • Updated: 12/21/2025
  • Added to Site: 56 day(s) ago

Rental Information

  • Complex Features: Street Paved

Interior

  • Basement: Unfinished
  • Interior Features: 1st-Floor Bedroom, 1st-Floor Bath, Walk-In Closet(s), Separate Dining Room
  • Appliances: Range, Refrigerator, Freezer, Washer, Dryer
  • Flooring: Hardwood

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Bathroom Features: Accessible Shower

Bedrooms

  • Total Bedrooms: 3

Additional Information

  • Equipment: Sump Pump
  • Other Features: School Bus Service, Commuter Bus, Interstate Access

Parking

  • Total Spaces: 6
  • Parking Features: Asphalt, Concrete, Driveway, Yes, Other

Location

  • Area: Oak Forest
  • County: Cook
  • Township: Bremen
  • Driving Directions: Cicero Ave to West on 162nd St, Lovely Cape Cod on Corner Lot of 162nd and Forest Ave

School Information

  • School District: 145
  • Elem School District: 145
  • Midd School District: 145
  • High School District: 228

Community

  • Assoc. Fees Include: None

Heating & Cooling

  • Cooling Type: Central Air Conditioning
  • Heating Type: Natural Gas, Forced Air

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Architectural Info: Cape Cod
  • Architectural Style: Cape Cod
  • Model: 1.5 Story
  • Construction: Aluminum Siding
  • Exterior Const.: Aluminum Siding
  • Basement: Yes
  • Basement Desc.: Unfinished, Full
  • Foundation: Block, Concrete Perimeter
  • Roof: Asphalt
  • Sub-Flooring: Hardwood
  • Square Feet: 1,502
  • Sq. Ft. Source: Assessor
  • Year Built: 1953
  • Built Before 1978: Yes

Manufactured Home

  • Model: 1.5 Story

Lot Features

  • Lot Size (Acres): 0.0308
  • Lot Size Range: .25 to .49 Acre
  • Lot Dimensions: 134.6 x 99.5 x 134.7 x 99.3
  • Lot Features: Corner Lot

Financial Considerations

  • Parking Included: Yes
  • Assessment Year: 1953
  • Tax Amount: $3,427
  • Tax Year: 2023
  • Pays Sewer: Public Sewer

Disclosures and Reports

  • Ownership: Fee Simple
  • Property ID: 28212140270000

Listed by Village Realty, Inc and Village Realty Inc

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Listing agents

— 4850 162nd St —

  • Village Realty, Inc

  • Village Realty Inc

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 4850 162nd St

School Districts:Bremen Community High School District 228, Arbor Park School District 145
NameGradesDistance
Scarlet Oak Elementary School
5731 Albert Drive, Oak Forest, IL 60452
3-41.3 mi
Arbor Park Middle School
17303 Central Ave, Oak Forest, IL 60452
5-81.6 mi
Arbor Elementary School
17303 Central Ave, Oak Forest, IL 60452
1-21.6 mi
Oak Forest High School
15201 Central Avenue, Oak Forest, IL 60452
9-121.4 mi
Kimberly Heights Elementary School
6141 Kimberly Drive, Tinley Park, IL 60477
PK-K1.7 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 4850 162nd St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
12/15/2025
Price Reduced
$189,900
-5%
MLS
11/20/2025
Listed
$199,900
—
MLS
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 4850 162nd St

Year
Property Taxes
Change
Tax Assessment
Change
2023
$3,427
-19%
$22,000
38%
2022
$4,236
1%
$15,934
—
2021
$4,213
-25%
$15,934
—
2020
$5,621
-11%
$15,934
-9%
2019
$6,294
2%
$17,455
—
2018
$6,153
—
$17,455
—
2017
$6,150
6%
$17,455
14%
2016
$5,802
4%
$15,283
—
2015
$5,581
2%
$15,283
—
2014
$5,466
4%
$15,283
-6%
2013
$5,253
4%
$16,344
—
2012
$5,075
—
$16,344
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Village Realty, Inc and Village Realty Inc

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Listed by John Groebe

4850 162nd Street, Oak Forest, IL 60452 (MLS# 12520406) is a Single Family property with 3 bedrooms and 2 full bathrooms. 4850 162nd Street is currently listed for $189,900 and was received on November 20, 2025. Want to learn more about 4850 162nd Street? Do you have questions about finding other Single Family real estate for sale in Oak Forest? You can browse all Oak Forest real estate or contact a Coldwell Banker agent to request more information.

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