NOT LISTED FOR SALE

515 Fair Oaks Ave Oak Park, IL 60302

Estimated Value: $1,636,000 - $1,973,000

5 Beds
3.5 Baths
5,000 Sq Ft
$356/Sq Ft Est. Value

Last Sold July 18, 2025

Last sale price $1,800,000 $360 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $11,930/month

22 Days on Market

Highlights

  • Home Theater
  • In Ground Pool
  • Deck
  • Whittier Elementary School Rated A-
  • 0.3 Acre Lot
  • Wood Flooring

About This Home

As of July 2025

Step into over 5,000 sq ft of masterfully designed living space in this acclaimed 1897 Elizabeth and Rollin Furbeck House-one of Frank Lloyd Wright's earliest and most innovative residential works. Located on one of Oak Park's most picturesque, tree-lined streets, this rare and major transitional design blends historic architectural significance with modern luxury and livability. Enter through the gracious front porch into a richly detailed interior featuring an open, flowing floor plan-revolutionary for its time and now a hallmark of modern living. The main level begins with a dramatic living room anchored by a stunning fireplace inglenook-perfect for warming up on quiet evenings or gathering with friends. The space flows seamlessly into the formal dining room, which easily accommodates large family gatherings and special occasions. Adjacent to the dining room is the den/media room, where a vaulted ceiling creates a dramatic yet comfortable retreat. A mezzanine reading nook overlooks the main floor, adding a warm, intimate layer to the home's grand scale. The expansive family room and gourmet kitchen-equipped with top-tier appliances and custom cabinetry-anchor the home for daily comfort and entertaining. An endless array of architectural details enrich every room, among them: gorgeous art glass, unique exterior dentil moldings, foot-high baseboards, coved ceilings, custom-made art glass light fixtures modeled after Wright's other famous works, and finely crafted built-ins throughout. The second floor includes three bedrooms, including a luxurious primary suite with spacious walk-in-closet and oversized spa like bath. Two additional bedrooms and a full bath on the third floor offer flexibility for guests, offices, or creative space. The lower level offers a comfortable recreation room ideal for movie nights, play space, or casual lounging-along with a utility area and plenty of extra storage. Outside, enjoy an oversized lot with a heated pool, Brazilian IPE wood deck, trumpet vine-covered arbor, bluestone patio, and prairie garden-an outdoor oasis for entertaining or unwinding.Five garage spaces across two structures offer flexibility for car collectors-or convert the original stable into a home office, studio, yoga room, pool house, or guest suite. Updated with state-of-the-art mechanicals and smart technology, this is a rare opportunity to own a livable, luxurious piece of architectural history.All within walking distance to top-rated schools, parks, shops, restaurants, and Oak Park's beloved farmers market.

Last Agent to Sell the Property

Louise Nix

Berkshire Hathaway HomeServices Chicago License #475134042 Listed on: 05/16/2025

Berkshire Hathaway HomeServices Chicago

Last Buyer's Agent

Jacqueline Castaneda

Berkshire Hathaway HomeServices Chicago License #475183410

Berkshire Hathaway HomeServices Chicago

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $30,805

Year Built

  • Built in 1897

Lot Details

  • 13,068 Sq Ft Lot
  • Lot Dimensions are 75 x 174

Parking

  • 5 Car Detached Garage

Home Design

  • Brick Exterior Construction
  • Stone Foundation
  • Shake Roof

Interior Spaces

  • 5,000 Sq Ft Home
  • 3-Story Property
  • Built-In Features
  • Bookcases
  • Historic or Period Millwork
  • Wood Burning Fireplace
  • Entrance Foyer
  • Family Room
  • Living Room with Fireplace
  • Sitting Room
  • Formal Dining Room
  • Home Theater
  • Game Room
  • Photo Lab or Dark Room
  • Workshop
  • Utility Room with Study Area
  • Tandem Room
  • Wood Flooring
  • Finished Attic

Kitchen

  • Gas Oven
  • Range with Range Hood
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Potential Bedrooms
  • Walk-In Closet

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • In Ground Pool
  • Deck

Schools

  • Whittier Elementary School
  • Gwendolyn Brooks Middle School
  • Oak Park & River Forest High Sch

Utilities

  • Forced Air Heating and Cooling System
  • Radiator
  • Heating System Uses Steam
  • Heating System Uses Natural Gas
  • 200+ Amp Service
  • Lake Michigan Water

Listing and Financial Details

  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$30,805

Year Built

Built in 1897

Lot Details

0.3 Acres

Parking

5

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 3 Stories
  • Ownership: Fee Simple
  • New Construction: No
  • Property Sub-Type: 3 Stories
  • Year Built: 1897
  • Age: 100+ Years
  • 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: Detached

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal, Range Hood, Gas Oven
  • Basement: None
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bathrooms: 4
  • Total Bedrooms: 5
  • Fireplace Features: Wood Burning
  • Fireplaces: 1
  • Flooring: Hardwood
  • Interior Amenities: Built-in Features, Walk-In Closet(s), Bookcases, Historic/Period Mlwk
  • LivingArea: 5000
  • Room Type: Bedroom 5, Media Room, Tandem Room, Foyer, Sitting Room, Game Room, Workshop, Dark Room, Walk In Closet
  • Estimated Total Finished Sq Ft: 0
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Fireplace Location: Living Room
  • Total Sq Ft: 0
  • Attic: Finished
  • Flooring: Hardwood

Exterior Features

  • Construction Materials: Brick
  • Foundation Details: Stone
  • Patio And Porch Features: Deck
  • Pool Features: In Ground
  • Roof: Shake
  • Waterfront: No

Garage/Parking

  • Garage Spaces: 5
  • Parking Features: On Site, Garage Owned, Detached, Garage
  • ParkingTotal: 5

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Electric: Circuit Breakers, 200+ Amp Service
  • Heating: Natural Gas, Forced Air, Steam, Radiator(s)
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Whittier Elementary School
  • High School: Oak Park & River Forest High Sch
  • Middle/Junior School: Gwendolyn Brooks Middle School

Lot Info

  • Lot Size Acres: 0.3
  • Lot Dimensions: 75 X 174
  • Lot Size: Standard Chicago Lot
  • Special Assessments: N

Rental Info

  • Board Number: 8

Tax Info

  • Tax Annual Amount: 30805
  • Tax Year: 2023
  • Tax Exemptions: Homeowner

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 16, 2025
Closed on
Jul 7, 2025
Sold by
Abrahamson Thomas D and Abrahamson Debra J
Bought by
S & S Research Center Llc
Seller's Agent
Louise Nix
Berkshire Hathaway HomeServices Chicago
Buyer's Agent
Jacqueline Castaneda
Berkshire Hathaway HomeServices Chicago
List Price
$1,975,000
Sold Price
$1,800,000
Premium/Discount to List
-$175,000
-8.86%
Views
144
Current Estimated Value
$1,779,947

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$20,053
Avg. Annual Appreciation
-1.63%

Purchase Details

Closed on
Mar 4, 1998
Sold by
Lasalle National Bank
Bought by
Abrahamson Thomas D and Abrahamson Debra J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$556,000
Interest Rate
7.14%
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

Date Buyer Sale Price Title Company
S & S Research Center Llc $1,800,000 None Listed On Document
S & S Research Center Llc $1,800,000 None Listed On Document
Abrahamson Thomas D $347,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Abrahamson Thomas D $556,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/18/2025 07/18/25 Sold $1,800,000 -8.9% $360 / Sq Ft
06/07/2025 06/07/25 Pending -- -- --
05/16/2025 05/16/25 For Sale $1,975,000 0.0% $395 / Sq Ft
05/16/2025 05/16/25 Price Changed $1,975,000 -- $395 / Sq Ft
Source: Midwest Real Estate Data (MRED)

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 $30,805 $97,809 $18,060 $79,749
2024 $30,805 $97,809 $18,060 $79,749
2023 $30,662 $97,809 $18,060 $79,749
2022 $30,662 $83,270 $13,545 $69,725
2021 $36,762 $101,573 $13,545 $88,028
2020 $35,947 $101,573 $13,545 $88,028
2019 $31,045 $84,347 $12,255 $72,092
2018 $29,879 $84,347 $12,255 $72,092
2017 $33,424 $95,917 $12,255 $83,662
2016 $30,618 $78,570 $10,320 $68,250
2015 $27,388 $78,570 $10,320 $68,250
2014 $25,468 $78,570 $10,320 $68,250
2013 $25,661 $83,358 $10,320 $73,038
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12350605

Midwest Real Estate Data (MRED)

APN: 16-06-422-017-0000

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