1214 Marengo Avenue, Forest Park, IL 60130 - Photo 1

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Active
Commercial
Updated 5 hours ago

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Property Description

The subject investment property is a 6 unit walkup located in Forest Park. The property is comprised of four, one-bedroom / one-bath and two, two-bedroom / one-bath units. A total of three units have been recently rehabbed. The property features five parking spaces at the rear of the property. Current ownership has taken pride in the maintenance of the asset. A qualified investor has the opportunity to acquire a well maintained asset in an attractive Forest Park location with immediate upside in renovating the three remaining apartments to increase cash flow. Excellent Forest Park Location - Attractive Unit Mix 1 & 2 Bedroom Layouts - Surface Parking - Immediate Upside in Rents

Full Property Details

Full Property Details for 1214 Marengo Ave

General

Price: $1,050,000
HOA FEE: $1,500
Taxes: $16,060 (2025)
Status: Active
Type: Commercial
Source: MRED
MLS ID: 12743148
Updated: 8/26/2026
Added to Site: 1 day(s) ago

Location

Area: Forest Park
County: Cook
Township: Proviso
Driving Directions: 290 East to Harlem. Harlem South to Roosevelt. Roosevelt West to Marengo. Marengo south to property.

Heating & Cooling

Heating Type: Central Building Heat

Utilities

Trash: 951

Structural Information

Stories/Levels: 2
Year Built: 1966
Built Before 1978: Yes

Lot Features

Lot Dimensions: 90 x 100
Zoning: MULTI

Financial Considerations

Maint. Fee: $1,500
Insurance Fee: $3,952
Operating Expenses: $30,730
Other Fee: $600
Assessment Year: 1966
Tax Amount: $16,060
Tax Year: 2025
Tenant Pays: Electricity
Pays Electric: 777
Pays Trash: 951

Disclosures and Reports

Property ID: 15242030070000

Listed by Vollman Real Estate

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Schools

Schools serving 1214 Marengo Ave

School Districts:Forest Park School District 91, Proviso Township High School District 209

Name	Grades	Distance
Betsy Ross Elementary School, Forest Park, IL 1315 Marengo Avenue, Forest Park, IL 60130	K-2	0.1 mi
Field Stevenson Elementary School 925 Beloit Avenue, Forest Park, IL 60130	3-5	0.5 mi
Forest Park Middle School, Forest Park, IL 925 Beloit Avenue, Forest Park, IL 60130	6-8	0.5 mi
Proviso East High School 807 South 1st Avenue, Maywood, IL 60153	9-12	1.8 mi

Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1214 Marengo Ave Get Price Alerts and Save Property

Date

Details

Price

Change

Source

8/26/2026

Listed

$1,050,000

88.17%

MLS

11/22/2021

Sold

$558,000

—

Public Record

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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

Tax History for 1214 Marengo Ave

Year

Property Taxes

Change

Tax Assessment

Change

2023

$15,262

—

$50,814

—

2023

$15,262

11%

$50,813

33%

2022

$13,739

$38,333

—

2021

$13,050

-10%

$38,333

-12%

2020

$14,434

-2%

$43,508

2019

$14,671

$41,666

—

2018

$14,369

-5%

$41,666

-7%

2017

$15,179

19%

$45,006

26%

2016

$12,777

$35,655

—

2015

$12,577

$35,655

—

2014

$12,340

14%

$35,655

2013

$10,781

$33,333

—

2012

$10,455

—

$33,333

—

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.

Estimate the Cost

Estimate the Cost for 1214 Marengo Ave

1214 Marengo Avenue, Forest Park, IL 60130 (MLS# 12743148) is a Commercial property. 1214 Marengo Avenue is currently listed for $1,050,000 and was received on August 26, 2026. Want to learn more about 1214 Marengo Avenue? Do you have questions about finding other Commercial real estate for sale in Forest Park? You can browse all Forest Park real estate or contact a Coldwell Banker agent to request more information.

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1214 Marengo Ave Forest Park, IL 60130