$575,000
SOLD MAR 20, 2025

511 Forest Ave Oak Park, IL 60302

6 Beds
4 Baths
-- Sq Ft
1950 Built

Recently Sold

3% Below List Price

2 Days on Market

Highlights

  • Lower Floor Utility Room
  • Workshop
  • Soaking Tub
  • Oliver W Holmes Elementary School Rated A-
  • 2 Car Attached Garage
  • 2-minute walk to Holmes School Playground

About This Home

As of March 2025

Looking for a fantastic investment opportunity in Oak Park? Check out this beautifully maintained 2-flat nestled in the charming Oak Park Historic District! With its quality construction and flair, this home truly stands out. Set on a spacious lot with a 2-car garage, both units share a wonderful layout that includes cozy living and dining rooms, bright and cheerful spaces, roomy closets, and large kitchens where you can whip up your favorite meals. Each unit is 1,350 square feet, featuring three bedrooms and two full bathrooms, highlighting original woodwork and gorgeous hardwood floors that add character and warmth. This property isn't just a place to call home; it's a lovely celebration of timeless elegance and a smart investment for your future. Plus, you'll appreciate the practical upgrades that make living here even more enjoyable. This home is equipped with well-maintained systems, including updated HVAC, boilers, ensuring a comfortable living experience. Located within walking distance of the vibrant amenities in downtown Oak Park, you'll have easy access to shops, restaurants, a movie theater, and more. Additionally, the property offers convenient access to the Harlem Green Line and Metra, making commuting a breeze. We encourage you to take advantage of this wonderful opportunity-please consider scheduling your showing today!

Last Agent to Sell the Property

John Szurzynski

Executive Home Realty, Inc. License #471000494 Listed on: 02/12/2025

Last Buyer's Agent

John Szurzynski

Executive Home Realty, Inc. License #471000494 Listed on: 02/12/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,871

Year Built

  • Built in 1950

Lot Details

  • Lot Dimensions are 55 x 135
  • Chain Link Fence
  • Paved or Partially Paved Lot
  • Garden

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Parking Included in Price

Home Design

  • Brick Exterior Construction
  • Asphalt Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • Workshop
  • Lower Floor Utility Room
  • Partially Finished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Potential Bedrooms
  • 4 Bathrooms
  • Soaking Tub

Outdoor Features

  • Exterior Lighting

Schools

  • Oak Park & River Forest High Sch

Utilities

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

Listing and Financial Details

  • Homeowner Tax Exemptions

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $125
  • Trash Expense $84
  • Water Sewer Expense $83

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,871

Year Built

Built in 1950

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1950
  • Age: 71-80 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service,Commuter Train
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Humidifier
  • Basement: Full
  • Total Bathrooms: 4
  • Total Bedrooms: 6
  • Room Type: Utility Room-Lower Level, Workshop
  • Basement Description: Partially Finished
  • Bathroom Amenities: Soaking Tub
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • Foundation Details: Concrete Perimeter
  • Lot Features: Chain Link Fence, Garden, Outdoor Lighting, Sidewalks, Streetlights
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 2
  • ParkingTotal: 2
  • Garage Details: Garage Door Opener(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage

Utilities

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

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights, Street Paved
  • Conversion YN: N

Fee Information

  • Trash Expense: 84
  • Water Sewer Expenses: 83
  • Other Expenses $: 50
  • Trash Expense Year: 2024

Schools

  • High School: Oak Park & River Forest High Sch

Lot Info

  • Lot Dimensions: 55 X 135
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Is Parking Included in Price: Yes

Multi Family

  • Insurance Expense: 125
  • Units in Building: 2
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 2 Flat

Tax Info

  • Tax Annual Amount: 15871.33
  • Tax Year: 2023
  • Tax Exemptions: Homeowner

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

Property History

Date Event Price List to Sale Price per Sq Ft
03/20/2025 03/20/25 Sold $575,000 -3.4% --
02/14/2025 02/14/25 Pending -- -- --
02/12/2025 02/12/25 For Sale $595,000 -- --
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
2025 $15,871 $44,408 $6,552 $37,856
2024 $15,871 $46,760 $6,552 $40,208
2023 $12,638 $52,000 $6,552 $45,448
2022 $12,638 $36,333 $5,670 $30,663
2021 $13,704 $39,953 $5,670 $34,283
2020 $12,802 $38,172 $5,670 $32,502
2019 $13,271 $38,020 $5,166 $32,854
2018 $12,771 $38,020 $5,166 $32,854
2017 $12,513 $38,020 $5,166 $32,854
2016 $12,582 $33,758 $4,284 $29,474
2015 $11,228 $33,758 $4,284 $29,474
2014 $10,452 $33,758 $4,284 $29,474
2013 $10,034 $33,460 $4,284 $29,176
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12286809

Midwest Real Estate Data (MRED)