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Back 501 Elgin Ave
Off Market

501 Elgin Ave

Forest Park IL 60130

7
4
4
Multi-Family
Last sold for $790,000
John WarrenJohn Warren, last sold this property on 30 September 2025 after 54 days on market.

Overview

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!

Features

7 bedrooms
4 bathrooms
4 carspaces
Multi-Family

Estimated Value

Based on this property and similar 7 bedroom multi families sold in Forest Park over the last 12 months, the estimated median property value of 501 Elgin Ave is $476k.

Median value
$476k
Estimated value range
$435k - $790k
Median days on market
17
Estimated value trend
-10%
decrease 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 501 Elgin Ave

2025
Sold
$790,000
30 Sep 2025 by John Warren, of Forte Properties, Inc.
2019
Sold
$530,000
30 Jul 2019 by Michelle Liffick, of Jameson Sotheby's Intl Realty
2013
Sold
$435,000
29 Aug 2013 by Riley Mockler, of Baird & Warner Oak Park/River Forest

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 7 bedroom multi families in Forest Park

In the last 12 months, 3 seven-bedroom multi families similar to 501 Elgin Ave, have been sold.

This represents a 33% decrease in seven-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, detail-oriented, and honest

  •   5   (132 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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