NOT LISTED FOR SALE

501 Elgin Ave Unit 1 Forest Park, IL 60130

Estimated Value: $700,000 - $742,000

3 Beds
1 Bath
1,300 Sq Ft
$563/Sq Ft Est. Value

Highlights

  • Wood Flooring
  • Corner Lot
  • Storage
  • Main Floor Bedroom
  • Breakfast Bar
  • Kitchen Island

About This Home

As of November 2018

Charming, big, bright 3bed/1bath with pretty East-facing sunroom (previously owner's unit) in vintage 2-unit home on corner lot in wonderful Forest Park - near shopping, restaurants, groceries, & a short walk to the blue line. Unit has gorgeous original trim and hardwood flooring, high ceilings, lots of windows, radiator heat, window AC, a large *just updated* kitchen, and 1 full bathroom. Shared yard, great storage, access to basement and full sized washer dryer (just for this unit), parking for 1 or 2 cars. Available immediately.

Last Agent to Rent the Property

Michelle Liffick

Jameson Sotheby's Intl Realty License #475147830 Listed on: 10/19/2018

Jameson Sotheby's Intl Realty

Last Renter's Agent

Carola Del Rosario

Worth Clark Realty License #475160522

Worth Clark Realty

Property Details

Home Type

  • Other

Est. Annual Taxes

  • $17,286

Year Built

  • 1898

Lot Details

  • Southern Exposure
  • East or West Exposure
  • Corner Lot

Home Design

  • Stone Foundation

Interior Spaces

  • Main Floor Bedroom
  • Storage
  • Wood Flooring
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Storm Screens

Kitchen

  • Breakfast Bar
  • Kitchen Island

Parking

  • Parking Available
  • Driveway
  • Off-Street Parking
  • Parking Included in Price

Utilities

  • Hot Water Heating System
  • Heating System Uses Gas

Community Details

  • Pets Allowed

Property Details

Home Type

Other

Est. Annual Taxes

$17,286

Year Built

1898

Lot Details

0

Rental Info

  • Available: 10/19/2018
  • Fees Approvals: Move-in Fee
  • Lease Terms: Short Term Lease
  • Monthly Lot Rental Included: Water, Scavenger
  • Short Term Lease Ok: Yes
  • Short Term Rent Rate: 1650

Listing Details

  • Property Type: Residential Rental
  • Built Before 1978 (Y/N): Yes
  • General Information: Non-Smoking Unit
  • Type Attached: Flat, Vintage
  • Unit Floor Level: 1
  • Age: 100+ Years
  • Special Features: None
  • Stories: 1
  • Year Built (Public Record): 1898

Interior Features

  • Appliances: Oven/Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, All Stainless Steel Kitchen Appliances
  • Interior Property Features: Hardwood Floors, 1st Floor Bedroom, Storage
  • Number Of Rooms: 6
  • Equipment: CO Detectors, Ceiling Fan
  • Basement: Full
  • Basement: Unfinished
  • Bedrooms All Levels: 3
  • Master Bedroom Level: Main Level
  • Master Bedroom Size: 15X14
  • Second Bedroom Level: Main Level
  • Second Bedroom Size: 14X10
  • Second Bedroom Flooring: Hardwood
  • Third Bedroom Level: Main Level
  • Third Bedroom Size: 15X10
  • Third Bedroom Flooring: Hardwood
  • Living Room Level: Main Level
  • Living Room Size: 17X16
  • Living Room Flooring: Hardwood
  • Dining Room Level: Main Level
  • Dining Room Size: 17X15
  • Dining Room Flooring: Hardwood
  • Kitchen Type: Eating Area-Breakfast Bar, Island
  • Kitchen Level: Main Level
  • Kitchen Size: 17X16
  • Kitchen Flooring: Hardwood
  • Laundry Level: Basement
  • Laundry Size: 7X7
  • Additional Rooms: No additional rooms

Exterior Features

  • Roof: Asphalt/Glass (Shingles)
  • Foundation: Stone
  • Exterior Property Features: Storms/Screens
  • Exposure: S (South), E (East), W (West)

Garage/Parking

  • Number of Cars: 1
  • Parking: Space/s
  • Parking Details: Off Street, Driveway
  • Number Parking Spaces: 1
  • Parking On Site: Yes
  • Driveway: Concrete
  • Parking Included In Price: Yes
  • Parking Ownership: Owned

Utilities

  • Cooling: 2 (Window/Wall Unit)
  • Electricity: Circuit Breakers
  • Water: Public
  • Sewer: Sewer-Public
  • Heating Fuel: Gas, Hot Water/Steam

Condo/Co-op/Association

  • Max Pet Weight: 999
  • Pets Allowed: Yes
  • Pet Information: Cats OK, Deposit Required, Dogs OK

Schools

  • Junior High Dist: 91

Lot Info

  • Lot Dimensions: 50X160
  • Lot Description: Corner

Multi Family

  • Total Number Unitsin Building: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 24, 2019
Sold by
Reilly Timothy P and Reilly Molly M
Bought by
Casten Gillian and Austen Brad
Current Estimated Value
$731,284

Purchase Details

Closed on
Aug 24, 2013
Sold by
Connor Maurice J O and Connor Ellen D O
Bought by
Reilly Timothy P and Reilly Molly M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$432,030
Interest Rate
4.87%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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Average Value
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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 Buyer Sale Price Title Company
Casten Gillian $530,000 Chicago Title
Reilly Timothy P $435,000 Chicago Title Insurance Comp
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Reilly Timothy P $432,030
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/16/2018 11/16/18 Rented $1,550 -6.1% --
10/29/2018 10/29/18 Under Contract -- -- --
10/19/2018 10/19/18 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 $17,286 $60,865 $8,000 $52,865
2023 $17,770 $60,865 $8,000 $52,865
2022 $17,770 $53,000 $5,200 $47,800
2021 $16,910 $53,000 $5,200 $47,800
2020 $16,554 $53,000 $5,200 $47,800
2019 $15,027 $46,108 $5,200 $40,908
2018 $14,716 $46,108 $5,200 $40,908
2017 $14,413 $46,108 $5,200 $40,908
2016 $12,954 $38,644 $4,800 $33,844
2015 $12,706 $38,644 $4,800 $33,844
2014 $14,379 $41,547 $4,800 $36,747
2013 $8,586 $43,774 $4,800 $38,974
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10117200

Midwest Real Estate Data (MRED)

APN: 15-13-214-010-0000