406 Franklin Ave Unit 1A River Forest, IL 60305
Estimated payment $1,527/month
Highlights
- Park
- Resident Manager or Management On Site
- Property is near a bus stop
- Lincoln Elementary School Rated A
- Laundry Room
- 3-minute walk to Keystone Park East
About This Home
Investor-Friendly 2 Bed / 1 Bath in River Forest - Steps from Downtown Oak Park! Great opportunity to own a spacious first-floor 1 bedroom / 1 bath unit in highly sought-after River Forest - just minutes from vibrant downtown Oak Park! This unit features a large master suite, an open living/dining room combo, and a bright eat-in kitchen. Located in an investor-friendly building, it's perfect for a rental property, flip, or personal renovation project. Needs some TLC - priced with potential in mind Laundry in the building Parking included Close to shopping, schools, library, medical facilities, restaurants, coffee shops, and public transit This is a rare chance to get into a desirable area with tons of upside. Bring your ideas and make it your own! Sold as-is. Don't miss out - schedule your tour today!
Listing Agent
Keller Williams Rlty Partners License #471021561 Listed on: 08/08/2025
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $2,302
HOA Fees
- $460 Monthly HOA Fees
Home Design
- Entry on the 1st floor
- Brick Exterior Construction
Interior Spaces
- 1,199 Sq Ft Home
- 3-Story Property
- Family Room
- Combination Dining and Living Room
- Laundry Room
Flooring
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Potential Bedrooms
- 1 Full Bathroom
Parking
- 1 Parking Space
- Driveway
Location
- Property is near a bus stop
Schools
- Oak Park & River Forest High Sch
Utilities
- Window Unit Cooling System
- Heating System Uses Natural Gas
Listing and Financial Details
- Homeowner Tax Exemptions
Community Details
Overview
- Association fees include heat, water, gas, parking, insurance, exterior maintenance, lawn care, scavenger, snow removal
- 6 Units
- Lauren Cagney Association, Phone Number (630) 941-0135
- Property managed by Reis Management
Amenities
- Coin Laundry
- Community Storage Space
Recreation
- Park
Pet Policy
- Dogs and Cats Allowed
Security
- Resident Manager or Management On Site
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| 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 |
|---|---|---|---|---|
| 2024 | $2,302 | $14,377 | $1,059 | $13,318 |
| 2023 | $2,513 | $15,025 | $1,059 | $13,966 |
| 2022 | $2,513 | $13,941 | $862 | $13,079 |
| 2021 | $2,471 | $13,939 | $861 | $13,078 |
| 2020 | $2,539 | $13,939 | $861 | $13,078 |
| 2019 | $2,542 | $14,361 | $787 | $13,574 |
| 2018 | $3,459 | $17,953 | $787 | $17,166 |
| 2017 | $5,257 | $17,953 | $787 | $17,166 |
| 2016 | $4,501 | $13,993 | $664 | $13,329 |
| 2015 | $3,001 | $13,993 | $664 | $13,329 |
| 2014 | $2,776 | $13,993 | $664 | $13,329 |
| 2013 | $2,459 | $13,222 | $664 | $12,558 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/28/2025 08/28/25 | Pending | -- | -- | -- |
| 08/14/2025 08/14/25 | Off Market | $165,000 | -- | -- |
| 08/08/2025 08/08/25 | For Sale | $165,000 | +33.1% | $138 / Sq Ft |
| 03/16/2016 03/16/16 | Sold | $124,000 | -8.8% | -- |
| 01/19/2016 01/19/16 | Price Changed | $135,900 | +8.7% | -- |
| 01/11/2016 01/11/16 | Pending | -- | -- | -- |
| 01/11/2016 01/11/16 | Price Changed | $125,000 | +0.8% | -- |
| 12/23/2015 12/23/15 | Off Market | $124,000 | -- | -- |
| 10/26/2015 10/26/15 | Price Changed | $135,900 | -2.6% | -- |
| 08/14/2015 08/14/15 | For Sale | $139,500 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | Attorney | |
| Warranty Deed | $145,000 | Prairie Title | |
| Warranty Deed | $124,000 | Prairie Title | |
| Trustee Deed | $98,500 | -- | |
| Trustee Deed | $284,666 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $111,600 | New Conventional | |
| Previous Owner | $88,200 | No Value Available | |
| Previous Owner | $35,000 | No Value Available |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12442005
APN: 15-12-115-018-1001
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