542 Thatcher Ave River Forest, IL 60305
Estimated payment $11,301/month
Total Views
2,878
5
Beds
4.5
Baths
1,500
Sq Ft
$1,050
Price per Sq Ft
Highlights
- Colonial Architecture
- 4-minute walk to River Forest Station
- Wood Flooring
- Lincoln Elementary School Rated A
- Dining Room with Fireplace
- Sun or Florida Room
About This Home
Iconic Colonial Revival Meets Modern Luxury in Prime River Forest Location. Welcome to the David A. Thatcher Home. Just a 4-minute walk to the Metra and surrounded by top-rated schools, nearby Oak Park boutiques, and lush green spaces, this iconic home offers the perfect blend of architectural charm and contemporary living. With 5 bedrooms, 4.1 baths, and 4 expansive levels, this residence is ideal for those who crave timeless design with space to live, work, and play in style. Step into the dramatic foyer and immediately feel the grandeur, soaring 11-foot ceilings, oversized windows, and two stunning fireplaces set the tone for elevated living. Whether hosting friends or just vibing at home, the formal living and dining rooms deliver elegance with a cozy twist. At the heart of the home is the sun-drenched chef's kitchen, outfitted with sleek granite countertops, premium Miele and Bosch appliances, and an inviting breakfast area that opens to the family/sunroom with stunning backyard views. Enjoy peaceful views of the massive, professionally landscaped backyard-a rare private escape just steps from city life. Upstairs, the primary suite is a dream retreat-a fully updated spa-like bathroom with soaking tub, glass-enclosed shower, dual vanities, and walk-in closets. Three additional and spacious rooms on this floor offer flexible space for bedrooms, home offices, or your creative zone. Head to the third floor and discover a sunlit loft-style hideaway with vaulted ceilings, skylights, and a newly renovated full bath-perfect for a guest suite, gaming lounge, additional bedroom, or remote work sanctuary. The fully finished lower level is freshly updated with a chic new bath, large laundry area, and plenty of space to unwind, work out, or hang out. Key Updates & Features: Newer roof, new boiler, water heater, and 2nd-floor windows, Fresh interior + exterior paint, New landscaping + curb appeal refresh, Tons of storage + versatile living areas throughout Live the River Forest Lifestyle with an easy walk to Lincoln Elementary, and a close commute to Roosevelt Middle, and OPRF High School. Explore the River Forest Tennis Club, Thatcher Woods trails, and enjoy quick access to downtown Oak Park for shopping, dining, and entertainment. With I-290 just minutes away, you're 20 minutes from downtown Chicago. Whether you're drawn to the architectural pedigree, the modern updates, or the unbeatable walkable location, this home delivers on all fronts. Don't miss your chance to own a piece of River Forest history, refreshed.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $35,315
Year Built
- Built in 1896 | Remodeled in 2025
Lot Details
- Lot Dimensions are 119 x 200
- Paved or Partially Paved Lot
Parking
- 2 Car Garage
- Driveway
- Parking Included in Price
Home Design
- Colonial Architecture
- Traditional Architecture
- Stone Foundation
- Asphalt Roof
Interior Spaces
- 1,500 Sq Ft Home
- 3-Story Property
- Wood Burning Fireplace
- Replacement Windows
- Mud Room
- Entrance Foyer
- Family Room
- Living Room with Fireplace
- Dining Room with Fireplace
- 2 Fireplaces
- Breakfast Room
- Formal Dining Room
- Den
- Sun or Florida Room
Kitchen
- Cooktop
- Microwave
- Dishwasher
- Stainless Steel Appliances
- Disposal
Flooring
- Wood
- Ceramic Tile
Bedrooms and Bathrooms
- 5 Bedrooms
- 5 Potential Bedrooms
- Walk-In Closet
Laundry
- Laundry Room
- Dryer
- Washer
Basement
- Basement Fills Entire Space Under The House
- Finished Basement Bathroom
Schools
- Oak Park & River Forest High Sch
Utilities
- Central Air
- Heating System Uses Natural Gas
- Radiant Heating System
- Lake Michigan Water
Map
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Home Values in the Area
Average Home Value in this Area
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 | $32,542 | $129,000 | $30,589 | $98,411 |
| 2023 | $32,542 | $129,000 | $30,589 | $98,411 |
| 2022 | $32,542 | $100,775 | $26,766 | $74,009 |
| 2021 | $30,304 | $100,774 | $26,765 | $74,009 |
| 2020 | $29,680 | $100,774 | $26,765 | $74,009 |
| 2019 | $26,720 | $89,500 | $24,216 | $65,284 |
| 2018 | $25,293 | $89,500 | $24,216 | $65,284 |
| 2017 | $25,220 | $89,500 | $24,216 | $65,284 |
| 2016 | $31,951 | $101,817 | $20,392 | $81,425 |
| 2015 | $31,348 | $101,817 | $20,392 | $81,425 |
| 2014 | $28,731 | $101,817 | $20,392 | $81,425 |
| 2013 | $32,472 | $117,714 | $20,392 | $97,322 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/28/2025 04/28/25 | Pending | -- | -- | -- |
| 04/10/2025 04/10/25 | For Sale | $1,575,000 | +46.5% | $1,050 / Sq Ft |
| 01/11/2021 01/11/21 | Sold | $1,075,000 | 0.0% | $235 / Sq Ft |
| 11/20/2020 11/20/20 | Off Market | $1,075,000 | -- | -- |
| 10/28/2020 10/28/20 | Pending | -- | -- | -- |
| 08/27/2020 08/27/20 | Price Changed | $1,098,000 | -4.5% | $241 / Sq Ft |
| 07/21/2020 07/21/20 | For Sale | $1,150,000 | -- | $252 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $1,075,000 | Prairie Title | |
| Warranty Deed | $650,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $457,375 | New Conventional | |
| Previous Owner | $502,134 | New Conventional | |
| Previous Owner | $651,850 | Unknown | |
| Previous Owner | $35,000 | Credit Line Revolving | |
| Previous Owner | $650,000 | Unknown | |
| Previous Owner | $620,000 | Unknown | |
| Previous Owner | $200,000 | Credit Line Revolving | |
| Previous Owner | $520,000 | No Value Available |
Source: Public Records
Similar Homes in River Forest, IL
Source: Midwest Real Estate Data (MRED)
MLS Number: 12333176
APN: 15-11-208-033-0000
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