$410,000

1404 Elgin Avenue, Forest Park, IL 60130

4 beds |
2 baths

Multi-Family Home
Built in 1919
3,049sqft lot
2 car garage
$——/sqft
Listed 3 days ago

Property Description

Located 10 miles from downtown Chicago, Come see this well-maintained 2-flat that is an excellent opportunity for an owner-occupant buyer looking to live in one unit while collecting rental income from the other. Both units feature similar layouts with 2 bedrooms and 1 full bath, offering functional floor plans and consistent rental demand. The first-floor unit is vacant and move-in ready, featuring hardwood floors and an updated kitchen with dark cabinetry, stone countertops, and stainless steel appliances, and a work from home space off the kitchen- perfect for a buyer who wants immediate occupancy. The second-floor unit is currently rented at $1,400/month, tenant responsible for gas and electric. The lease is month-to-month, giving the new owner flexibility to adjust rents toward current market levels if desired, or sign tenant to a longer lease. Second-floor rent is WELL BELOW current market levels as the rent has not been increased in almost 5 years. The property also includes a detached 2-car garage with two parking spaces, basement laundry, separate living areas, and a straightforward setup ideal for house-hackers and first-time multi-unit buyers. Strong blend of livability and upside potential - live in one unit and let the rental income help support your mortgage. Great opportunity to build equity while keeping monthly costs down. Schedule your showing today!

Listing Status:: Active
Data Last Updated:: February 13, 2026 at 2:19PM
Listing Office:: Carioti Properties : 312-292-1119
Listing Agent:: Frank Carioti : 312-292-1119
MLS ID:: 12565604

Basement: UnfinishedFull
Heating: Natural GasForced Air

Parking: Garage Door OpenerYesGarage OwnedDetachedGarageParking spaces: 2

Roofing: Asphalt
General: Concrete Perimeter

HOA Amenities: CurbsSidewalksStreet LightsStreet Paved
Originating MLS: mred
School District: 91
County: Cook

Zoning: MULTI15242120030000

Water: Lake Michigan
Sewer: Public Sewer

Source: mred
Ownership: Fee Simple

This listing courtesy of Frank Carioti , Carioti Properties

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Betsy Ross Elementary School

1315 Marengo Ave, Forest Park, IL, 60130

Grades KG-2

0.14 miles away

Forest Park Middle School

925 Beloit Ave, Forest Park, IL, 60130

Grades 6-8

0.70 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.