NOT LISTED FOR SALE

506 Forest Ave Oak Park, IL 60302

6 Beds
5 Baths
-- Sq Ft
1959 Built

Sale Details

Date Sold: January 16, 2024

Last sale price $520,000

2 Days on Market

Highlights

  • Recreation Room
  • 2 Car Attached Garage
  • Forced Air Heating System
  • Oliver W Holmes Elementary School Rated A-
  • Patio
  • 2-minute walk to Holmes School Playground

About This Home

As of January 2024

Discover a Modern Oasis in the Heart of Oak Park's Historic District!
Nestled in the enchanting Frank Lloyd Wright Historic District, this contemporary gem is just steps from the iconic Frank Lloyd Wright Studio and downtown Oak Park, offering stunning views right from your windows. With only two exclusive units available, the listed price is per unit.

Prime Location:
Convenience is paramount with this property, ideally located within a short stroll of esteemed schools, public transit, Trader Joe's, Whole Foods, and the vibrant downtown Oak Park.

Exceptional Schools for Families:
Experience the renowned Oak Park school district, known for its excellence:

Elementary School: Oliver Wendell Holmes Elementary
Middle School: Gwendolyn Brooks Middle School
High School: Oak Park and River Forest High School
Spacious Bedrooms and Thoughtful Layout:
Each of the two expansive units features 3 bedrooms, 2 full bathrooms, and two coveted parking spots. The open layout seamlessly transitions from the generous living room to the dining area, with both units boasting identical floor plans.

Luxurious Finishes and Unique Features:
Every detail in these units reflects sophistication, meticulously remodeled to perfection. Highlights include newly installed windows, custom closet solutions, and exquisite custom-made curtains. Additional enhancements encompass fully renovated bathrooms, a dedicated office space, wall-mounted TVs, and the convenience of a high-speed EV charger in the garage.

Parking Made Easy:
Enjoy the convenience of attached garage parking, plus an outdoor parking pad accommodating two more cars. This arrangement ensures ample parking, with one spot in the garage and another on the pad.

Convenient Laundry Facilities:
A dedicated free laundry room in the basement features two sets of washers and dryers, providing added convenience. Each unit is equipped with its own set, making laundry day a breeze.

Ample Storage Solutions:
Each unit comes with its own storage space within the attached garage, ensuring plenty of room for your belongings and equipment.

Don't miss this rare opportunity to experience modern luxury within Oak Park's historic charm. Schedule your viewing today!

Last Agent to Sell the Property

Ann Keeney

Baird & Warner License #475128065 Listed on: 11/14/2023

Baird & Warner

Last Buyer's Agent

Wing Ho

Chi Real Estate Group LLC License #471017833

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,609

Year Built

  • Built in 1959

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • On-Street Parking
  • Parking Included in Price

Home Design

  • Brick Exterior Construction

Interior Spaces

  • Recreation Room
  • Partially Finished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Potential Bedrooms
  • 5 Bathrooms

Outdoor Features

  • Patio

Lot Details

  • Lot Dimensions are 55 x 100
  • Paved or Partially Paved Lot

Schools

  • Oliver W Holmes Elementary Schoo
  • Gwendolyn Brooks Middle School
  • Oak Park & River Forest High Sch

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,609

Year Built

Built in 1959

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Other
  • New Construction: No
  • Year Built: 1959
  • Age: 61-70 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Bus,Commuter Train,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 5
  • Total Bedrooms: 6
  • Room Type: Recreation Room
  • Basement Description: Partially Finished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0

Exterior Features

  • ExteriorFeatures: Patio
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Side Apron
  • ParkingTotal: 4
  • Garage Details: Garage Door Opener(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage,Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Forced Air
  • Water Source: Lake Michigan, Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights, Street Paved

Schools

  • Elementary School: Oliver W Holmes Elementary Schoo
  • High School: Oak Park & River Forest High Sch
  • Middle/Junior School: Gwendolyn Brooks Middle School

Lot Info

  • Lot Dimensions: 55 X 100
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 16
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 15608.84
  • Tax Year: 2022
  • Tax Exemptions: None

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 2 Flat

Ownership 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 Name Owned For Owner Type

Purchase Details

Listed on
Nov 14, 2023
Closed on
Jan 8, 2024
Sold by
Bought by
Seller's Agent
Ann Keeney
Baird & Warner
Buyer's Agent
Wing Ho
Chi Real Estate Group LLC
List Price
$525,000
Sold Price
$520,000
Premium/Discount to List
-$5,000
-0.95%
Views
64

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$390,000
Interest Rate
0.0699%
Mortgage Type
New Conventional
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 Buyer Sale Price Title Company
$520,000 None Listed On Document
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 Borrower Loan Amount
Closed $390,000
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
11/29/2024 11/29/24 Off Market $3,295 -- --
11/01/2024 11/01/24 For Rent $3,650 +10.8% --
10/28/2024 10/28/24 Price Changed $3,295 -5.7% $2 / Sq Ft
10/25/2024 10/25/24 Price Changed $3,495 -4.2% $2 / Sq Ft
10/08/2024 10/08/24 Off Market $3,650 -- --
10/05/2024 10/05/24 For Rent $3,650 0.0% --
01/16/2024 01/16/24 Sold $520,000 -1.0% --
11/17/2023 11/17/23 Pending -- -- --
11/14/2023 11/14/23 For Sale $525,000 -- --
Source: Midwest Real Estate Data (MRED)

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 $17,952 $52,001 $7,222 $44,779
2024 $17,952 $52,001 $7,222 $44,779
2023 $15,609 $55,069 $7,222 $47,847
2022 $15,609 $40,649 $6,249 $34,400
2021 $15,210 $40,648 $6,249 $34,399
2020 $15,902 $43,562 $6,249 $37,313
2019 $15,834 $41,271 $5,693 $35,578
2018 $15,240 $41,271 $5,693 $35,578
2017 $16,616 $46,004 $5,693 $40,311
2016 $16,083 $39,960 $4,721 $35,239
2015 $15,090 $41,844 $4,721 $37,123
2014 $14,884 $44,417 $4,721 $39,696
2013 $13,920 $42,772 $4,721 $38,051
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11924168

Midwest Real Estate Data (MRED)
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