$140,000
SOLD SEP 12, 2025

406 Franklin Ave Unit 1B River Forest, IL 60305

2 Beds
1.5 Baths
800 Sq Ft
-- Built

Recently Sold

$175 Per Sq Ft

3% Below List Price

1 Day on Market

Highlights

  • Living Room
  • Laundry Room
  • Heating System Uses Steam
  • Lincoln Elementary School Rated A
  • Dining Room
  • 3-minute walk to Keystone Park East

About This Home

As of September 2025

First Floor Unit / 2 bedroom / 1.5 bath . Laundry conveniently located down the hall. 1 exterior space deeded space ( space #1) Heat included in monthly assessment too. Unit needs some TLC Boiler for building replaced in 2014. 11 units in building. Reserves approx $25k as of June 30, 2025 Investor friendly building. Unit can be rented. No rental cap

Last Agent to Sell the Property

Colleen Navigato

Compass License #475134714 Listed on: 06/18/2025

Compass

Last Buyer's Agent

Angela Ellis

McSully Properties LLC License #475164478

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,016

Home Design

  • Entry on the 1st floor
  • Brick Exterior Construction

Interior Spaces

  • 800 Sq Ft Home
  • 3-Story Property
  • Family Room
  • Living Room
  • Dining Room
  • Laundry Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms

Parking

  • 1 Parking Space
  • Parking Included in Price

Schools

  • Oak Park & River Forest High Sch

Utilities

  • Window Unit Cooling System
  • Heating System Uses Steam

Community Details

Overview

  • 11 Units
  • Lauren 630 941 0135 Association, Phone Number (630) 941-0135
  • Property managed by Reis

Amenities

  • Laundry Facilities

Pet Policy

  • Pets up to 25 lbs
  • Dogs and Cats Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,016

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo
  • Ownership: Condo
  • EntryLevel: 1
  • New Construction: No
  • Property Sub-Type: Condo
  • Age: Unknown
  • 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: Closed
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 3

Interior Features

  • Basement: None
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bathrooms: 2
  • Total Bedrooms: 2
  • LivingArea: 800
  • Room Type: No additional rooms
  • Stories Total: 3
  • Estimated Total Finished Sq Ft: 0
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 0

Exterior Features

  • Construction Materials: Brick
  • Waterfront: No

Garage/Parking

  • Parking Features: On Site, Other
  • ParkingTotal: 1

Utilities

  • Sewer: Public Sewer
  • Cooling: Window Unit(s)
  • Heating: Steam
  • Laundry Features: Common Area
  • Water Source: Public

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK
  • Association Fee Frequency: Monthly
  • Master Association Fee Frequency: Not Required
  • Management Company: Reis
  • Management Contact Name: Lauren 630-941 0135
  • Management Phone: 630-941-0135

Fee Information

  • Association Fee Includes: None

Schools

  • High School: Oak Park & River Forest High Sch

Lot Info

  • Lot Dimensions: per survey
  • Special Assessments: N

Rental Info

  • Board Number: 16
  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: Yes
  • Max Pet Weight: 25

Tax Info

  • Tax Annual Amount: 4016
  • Tax Year: 2023

Multi Family

  • Units in Building: 11

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 18, 2025
Closed on
Sep 4, 2025
Sold by
Judith Ann Tracy Revocable Trust
Bought by
Jo Yld Properties Llc
Seller's Agent
Colleen Navigato
Compass
Buyer's Agent
Angela Ellis
McSully Properties LLC
List Price
$145,000
Sold Price
$140,000
Premium/Discount to List
-$5,000
-3.45%
Current Estimated Value
$146,076

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$6,076
Avg. Annual Appreciation
19.37%

Purchase Details

Closed on
Nov 8, 2022
Sold by
Tracy Judith Ann
Bought by
Judith Ann Tracy Revocable Trust and Tracy

Purchase Details

Closed on
Jul 26, 2003
Sold by
Paris Brad D
Bought by
Tracy Judith

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,000
Interest Rate
5.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 17, 2003
Sold by
Paris Brad D
Bought by
Paris Brad D and Paris Erin M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,000
Interest Rate
5.95%

Purchase Details

Closed on
May 12, 1999
Sold by
Lasalle National Bank
Bought by
Paris Brad D
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $140,000 Fidelity National Title
Deed -- None Listed On Document
Warranty Deed $163,500 --
Interfamily Deed Transfer -- --
Deed $106,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $108,000 Purchase Money Mortgage
Previous Owner $85,000 No Value Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/12/2025 09/12/25 Sold $140,000 -3.4% $175 / Sq Ft
08/05/2025 08/05/25 For Sale $145,000 0.0% $181 / Sq Ft
06/16/2021 06/16/21 Rented -- -- --
06/14/2021 06/14/21 Under Contract -- -- --
06/05/2021 06/05/21 For Rent $1,700 +3.0% --
02/20/2018 02/20/18 Rented $1,650 0.0% --
02/13/2018 02/13/18 For Rent $1,650 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

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 $4,016 $14,671 $1,080 $13,591
2023 $4,594 $15,333 $1,080 $14,253
2022 $4,594 $14,226 $879 $13,347
2021 $4,424 $14,226 $879 $13,347
2020 $4,323 $14,226 $879 $13,347
2019 $4,550 $14,656 $803 $13,853
2018 $5,384 $18,321 $803 $17,518
2017 $5,365 $18,321 $803 $17,518
2016 $4,594 $14,280 $678 $13,602
2015 $4,513 $14,280 $678 $13,602
2014 $4,134 $14,280 $678 $13,602
2013 $3,807 $13,493 $678 $12,815
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12397280

Midwest Real Estate Data (MRED)

APN: 15-12-115-018-1002