$899,900
PRE-FORECLOSURE The borrower is in default on their loan obligation and/or the bank or lender has initiated foreclosure proceedings. This property is occupied, do not disturb the occupants. Trespassing is a criminal offense.

2901 Elder Ln Franklin Park, IL 60131

Estimated payment $6,114/month

Total Views 1,001
5 Beds
5.5 Baths
5,514 Sq Ft
$163 Price per Sq Ft

Highlights

  • Hot Property
  • Sauna
  • Recreation Room
  • Passow Elementary School Rated 10
  • Landscaped Professionally
  • 1-minute walk to Elder Lane Park

About This Home

Offered for the first time since it was custom built in 1971, this extraordinary Franklin Park estate presents a rare opportunity to own one of the area's most distinctive residences. Situated on a prominent corner lot with nearly 6,000 square feet of living space, this meticulously crafted home was designed for grand-scale living and entertaining. Featuring 5 spacious bedrooms and 5.1 bathrooms, the home offers a brilliant floorplan and impressive blend of timeless craftsmanship, generous room sizes, and architectural character rarely found in today's market. The dramatic entry foyer welcomes guests into a residence built without compromise, while multiple living and gathering spaces provide exceptional flexibility for both everyday living and special occasions. The resort-style indoor swimming pool and sauna create a private year-round retreat unlike anything else! Outdoors, the beautifully fenced landscaped park-like grounds feature mature trees, a serene courtyard, and expansive outdoor spaces that offer privacy and tranquility. Whether you're seeking a multigenerational home, an entertainer's dream, or simply a truly unique property with unmatched presence, this landmark residence delivers. A rare opportunity to acquire a custom-built estate that has remained in the hands of its original owner for over five decades. In today's market, the cost to acquire the land, materials, and custom construction necessary to recreate a home of this caliber would far exceed the asking price, making this an exceptional value and a truly irreplaceable offering. Preapproval required prior to showing. Home is in excellent condition but being conveyed as-is.

Listing Agent

Lisa Graziani

Caporale Realty Group License #475149015 Listed on: 06/16/2026

Caporale Realty Group

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $15,151

Year Built

  • Built in 1971

Lot Details

  • Fenced
  • Landscaped Professionally
  • Corner Lot
  • Additional Parcels

Parking

  • 2.5 Car Attached Garage
  • Parking Available
  • Circular Driveway
  • Off Alley Parking

Home Design

  • Brick Exterior Construction
  • Asphalt Roof

Interior Spaces

  • 5,514 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Bar
  • Wood Burning Fireplace
  • Mud Room
  • Entrance Foyer
  • Family Room with Fireplace
  • Living Room
  • Breakfast Room
  • Formal Dining Room
  • Home Office
  • Recreation Room
  • Game Room
  • Heated Sun or Florida Room
  • Lower Floor Utility Room
  • Storage Room
  • Sauna
  • Attic

Kitchen

  • Oven
  • Cooktop with Range Hood
  • Dishwasher
  • Stainless Steel Appliances

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Potential Bedrooms

Laundry

  • Laundry Room
  • Laundry in multiple locations
  • Dryer
  • Washer

Finished Basement

  • Basement Fills Entire Space Under The House
  • Finished Basement Bathroom

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • 200+ Amp Service
  • Lake Michigan Water

Home Details

Home Type

Single Family

Est. Annual Taxes

$15,151

Year Built

Built in 1971

Lot Details

0 Sq Ft Lot

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 2 Stories
  • Ownership: Fee Simple
  • New Construction: No
  • Property Sub-Type: 2 Stories
  • Year Built: 1971
  • Age: 51-60 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Active
  • SomePhotosVirtuallyStaged: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Range, Dishwasher, Refrigerator, Washer, Dryer, Stainless Steel Appliance(s), Cooktop, Range Hood, Oven
  • Basement: Finished, Full
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bathrooms: 6
  • Total Bedrooms: 5
  • Fireplace Features: Wood Burning
  • Fireplaces: 1
  • Interior Amenities: Sauna, Wet Bar
  • LivingArea: 5514
  • Room Type: Attic, Bedroom 5, Breakfast Room, Foyer, Game Room, Mud Room, Office, Recreation Room, Storage, Heated Sun Room, Utility Room-Lower Level, Other Room
  • Estimated Total Finished Sq Ft: 0
  • Basement Bathrooms: Yes
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Fireplace Location: Family Room
  • Total Sq Ft: 0
  • Attic: Finished,Interior Stair
  • Flooring: Carpet

Exterior Features

  • Construction Materials: Brick
  • Fencing: Fenced
  • Lot Features: Corner Lot, Landscaped
  • Roof: Asphalt
  • Waterfront: No

Garage/Parking

  • Garage Spaces: 2.5
  • Parking Features: Concrete, Circular Driveway, Off Alley, Yes, Attached, Garage
  • ParkingTotal: 2.5

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Electric: Circuit Breakers, 200+ Amp Service
  • Heating: Natural Gas
  • Laundry Features: Multiple Locations
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Lot Info

  • Additional Parcels: Yes
  • Lot Dimensions: 17360
  • Lot Size: .25-.49 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 16

Tax Info

  • Tax Annual Amount: 15151
  • Tax Year: 2024
  • Tax Exemptions: None

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $3,735 $16,316 $5,456 $10,860
2024 $3,735 $12,162 $4,464 $7,698
2023 $3,854 $12,162 $4,464 $7,698
2022 $3,854 $12,162 $4,464 $7,698
2021 $3,980 $11,547 $3,224 $8,323
2020 $3,825 $11,547 $3,224 $8,323
2019 $3,945 $12,930 $3,224 $9,706
2018 $4,370 $12,377 $2,728 $9,649
2017 $4,318 $12,377 $2,728 $9,649
2016 $4,505 $13,259 $2,728 $10,531
2015 $3,951 $11,242 $2,480 $8,762
2014 $3,856 $11,242 $2,480 $8,762
2013 $3,564 $11,242 $2,480 $8,762
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
06/16/2026 06/16/26 For Sale $899,900 -- $163 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- Old Republic National Title
Deed -- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Open $300,000 Adjustable Rate Mortgage/ARM
Source: Public Records

Source: Midwest Real Estate Data (MRED)

MLS Number: 12679692

Midwest Real Estate Data (MRED)

APN: 12-28-220-025-0000

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