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$790,000
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Property Description
Rare opportunity to own three units in a prime Forest Park location - stunning blend of vintage charm + modern upgrades! Property consists of a main building with two units and basement PLUS a free-standing, two-story coach house with basement. All three LARGE units feature updated kitchens and baths, dishwashers, and their own laundry. 1st floor of main building lives like a single family home - you'll find three bedrooms (one currently built out as a home gym!), an office, and a formal dining room. Prepare to fall in love with high ceilings, intricately detailed hardwood floors, stained glass windows, built-ins, original woodwork and more. This unit has access to a massive basement as well as a large storage closet. Recently renovated 4 season back porch off the kitchen with built-in seating and great view of the yard. Second floor unit boasts two bedrooms, a walk-in closet, and a cozy back porch overlooking the garden. Free standing coach house features two full bedrooms, two full baths, and full basement. Gorgeous details include a claw foot tub, more stained glass, exquisitely carved wooden doors, a large walk in closet, and primary en-suite. The yard space presents a wide variety of options: relax on the patio, garden, or cook out in a lovely setting. The location is a dream for tenants or an owner-occupant: steps to all the shopping and dining options on Madison Street, blue line, and nearby parks, pool, and rec center! Recent updates include a new roof on the coach house (2020) new gutters on main + coach house (2023) and newer hot water heaters. Don't miss this incredible property!
Full Property Details
Full Property Details for 501 Elgin Ave
General
- Sold For: $790,000
- Taxes: $17,285 (2023)
- Status: Closed
- Type: Multi-Family
- Source: MRED
- MLS ID: 12438480
- Added to Site: 197 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 4
Bedrooms
- Total Bedrooms: 7
Additional Information
- Equipment: Carbon Monoxide Detectors, Ceiling Fan(s)
Parking
- Total Spaces: 4
- Parking Features: Off-Street, Driveway, On Site, Owned
- Parking On-Site: Yes
Location
- Area: Forest Park
- County: Cook
- Driving Directions: Harlem, W on Jackson, N on Elgin; 1 blk W of Harlem
School Information
- School District: 91
- Midd School District: 91
Heating & Cooling
- Heating Type: Natural Gas, Forced Air, Steam, Radiator(s)
Utilities
- Water: Lake Michigan, Public
Structural Information
- Architectural Style: Victorian
- Construction: Frame, Other
- Exterior Const.: Frame, Other
- Basement Desc.: Partially Finished, Full
- Built Before 1978: Yes
- Remodeled/Updated: 2016
Unit Information
- Units in Building: 3
Additional Structures
- Other Structures: Shed(s)
Lot Features
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 50 x 160
- Fence: Yes
- Lot Features: Corner Lot
- Zoning: MULTI
- Fencing (Description): Fenced
Financial Considerations
- Parking Included: Yes
- Tax Amount: $17,285.79
- Tax Year: 2023
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: List Broker Must Accompany
- Property ID: 15132140100000
Listed by Forte Properties, Inc.
Sold by @properties Christie's International Real Estate
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Schools
Schools serving 501 Elgin Ave
School Districts:Forest Park School District 91, Proviso Township High School District 209
| Name | Grades | Distance |
|---|---|---|
Garfield Elementary School, Forest Park, IL 543 Hannah Avenue, Forest Park, IL 60130 | PK-2 | 0.2 mi |
Field Stevenson Elementary School 925 Beloit Avenue, Forest Park, IL 60130 | 3-5 | 0.6 mi |
Forest Park Middle School, Forest Park, IL 925 Beloit Avenue, Forest Park, IL 60130 | 6-8 | 0.6 mi |
Proviso East High School 807 South 1st Avenue, Maywood, IL 60153 | 9-12 | 1.4 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 501 Elgin Ave
Date
Details
Price
Change
Source
9/30/2025
Sold
$790,000
5.47%
MLS
8/06/2025
Listed
$749,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
501 Elgin Avenue, Forest Park, IL 60130 (MLS# 12438480) is a Multi-Family property that was sold at $790,000 on September 30, 2025. Want to learn more about 501 Elgin Avenue? Do you have questions about finding other Multi-Family 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.

