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Back 1404 Elgin Ave
Off Market

1404 Elgin Ave

Forest Park IL 60130

4
2
2
0.07 ac.
Multi-Family
Last sold for $400,000
Frank CariotiFrank Carioti, last sold this property on 20 March 2026 after 37 days on market.

Overview

MULTIPLE OFFERS RECEIVED BEST AND FINAL DUE BY 5pm MONDAY 2/16 - Located 10 miles from downtown Chicago, Come see this well-maintained 2-flat that is an excellent opportunity for an owner-occupant buyer looking to live in one unit while collecting rental income from the other. Both units feature similar layouts with 2 bedrooms and 1 full bath, offering functional floor plans and consistent rental demand. The first-floor unit is vacant and move-in ready, featuring hardwood floors and an updated kitchen with dark cabinetry, stone countertops, and stainless steel appliances, and a work from home space off the kitchen- perfect for a buyer who wants immediate occupancy. The second-floor unit is currently rented at $1,400/month, tenant responsible for gas and electric. The lease is month-to-month, giving the new owner flexibility to adjust rents toward current market levels if desired, or sign tenant to a longer lease. Second-floor rent is WELL BELOW current market levels as the rent has not been increased in almost 5 years. The property also includes a detached 2-car garage with two parking spaces, basement laundry, separate living areas, and a straightforward setup ideal for house-hackers and first-time multi-unit buyers. Strong blend of livability and upside potential - live in one unit and let the rental income help support your mortgage. Great opportunity to build equity while keeping monthly costs down. Schedule your showing today!

Features

4 bedrooms
2 bathrooms
2 carspaces
2 garage spaces
0.07 ac. lot size
Multi-Family

Estimated Value

Based on this property and similar 4 bedroom multi families sold in Forest Park over the last 12 months, the estimated median property value of 1404 Elgin Ave is $450k.

Median value
$450k
Estimated value range
$300k - $560k
Median days on market
16
Estimated value trend
13%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Forest Park. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 1404 Elgin Ave

2026
Sold
$400,000
20 Mar 2026 by Frank Carioti, of Carioti Properties
2016
Sold
$220,000
30 Jun 2016 by Steve Brashler, of RE/MAX 1st SERVICE
2013
Sold
$215,500
10 Oct 2013 by Michael Ramstedt, of Market Maker's Realty, Ltd.

Happy sellers in Forest Park

~%

We have insufficient information to provide an overview of customer satisfaction for Forest Park. Viewing the agent profiles, reviews and sales for Forest Park can provide insights for this location.

Local market activity for 4 bedroom multi families in Forest Park

In the last 12 months, 15 four-bedroom multi families similar to 1404 Elgin Ave, have been sold.

This represents a 45% decrease in four-bedroom multi families sales when compared to the previous 12 months.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Forest Park

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Gladis Beirne

Gladis Beirne is a recommended agent for Forest Park.  They have 1 local sale and collected 1 local review across the last 12 months.

  •   5   (13 reviews)
  •  1 Review in Forest Park
  •  1 Sale in Forest Park
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Linda Feinstein

Sellers who recommend Linda Feinstein have praised them for being local expert, responsive, reliable, clear communication, supportive, great negotiation, and detail-oriented

  •   5   (130 reviews)
  •  1 Review in Forest Park
  •  1 Sale in Forest Park
View profile
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Anne Schaeffer

Anne Schaeffer is a recommended agent for Forest Park.  They have collected 1 local review across the last 12 months.

  •   5   (1 review)
  •  1 Review in Forest Park
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Anna Gillian Cramer

Anna Gillian Cramer is a recommended agent for Forest Park.  They have 9 local sales across the last 12 months.

  •  9 Sales in Forest Park
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