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What is a Cooperative?
A resident-owned property; each membership builds equity; the opportunity to declare mortgage interest and real estate taxes as income tax deductions; maintenance cost included in your monthly payments; a voice in the management of the property.
For a more detailed explanation on what a cooperative is, please visit the national web site by clicking here. Use the back button on your browser to return to our home page when you are through.
What is Park Forest Cooperative Area J?
We are a MARKET RATE cooperative; two-story townhouses with full basements, approximately 1,500 total square feet of space.
Two and three bedrooms, dining room, living room, and kitchen. The two-bedroom interior memberships sell for between $13,000 and $21,500 depending on improvements made to the unit by the seller, with monthly costs of $445. Three bedroom end memberships sell for between $22,000 and $39,000, with monthly costs of $470.
Three bedroom twin drive memberships sell between $28,000 and $60,000, with monthly costs of $480.
We also have three combo units, which is two interior units remodeled, and combined together, offering approximately 3,000 square feet of space. There is one combo unit on the market. We will work with interested parties to construct one, when side-by-side units are available. Monthly costs of up to $750.
Our 390 units are located on a well-maintained and landscaped 47 acre site. |
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