IL
Cook
Forest Park
60130
1404 Elgin Avenue
1404 Elgin Avenue, Forest Park, IL 60130
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Listing Type
Multi Family
Listing Status
Active
39
$410,000

Home Details for 1404 Elgin Avenue

Price
$410,000
Type
Residential Income
Bedrooms
4
Bathrooms
2.0
Square feet
NaN
Year built
1919
Lot size acres
0.07
County
Cook
Total rooms
10
Garage
2
Basement
Unfinished, Full
Days on site
14
MLS Listing#
12565604
Property Description

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!

Property Features
  • Parking
    • Garage Door Opener
    • Detached
    • Garage
  • Heating Information
    • Natural Gas
    • Forced Air
  • Basement
    • Unfinished
    • Full
Listing Courtesy: Carioti Properties - 312-535-2796
Midwest Real Estate Data logo Based on information submitted to the MLS GRID as of 2026-02-18 09:20:46. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Last Updated: 2026-02-18 09:20:46
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505 S. La Grange Rd, La Grange, IL 60525
Office
708 859 0650
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