Rare opportunity to own three units in a prime Forest Park location - stunning blend of vintage charm + modern upgrades! Property consists of a main building with two units and basement PLUS a free-standing, two-story coach house with basement. All three LARGE units feature updated kitchens and baths, dishwashers, and their own laundry. 1st floor of main building lives like a single family home - you'll find three bedrooms (one currently built out as a home gym!), an office, and a formal dining room. Prepare to fall in love with high ceilings, intricately detailed hardwood floors, stained glass windows, built-ins, original woodwork and more. This unit has access to a massive basement as well as a large storage closet. Recently renovated 4 season back porch off the kitchen with built-in seating and great view of the yard. Second floor unit boasts two bedrooms, a walk-in closet, and a cozy back porch overlooking the garden. Free standing coach house features two full bedrooms, two full baths, and full basement. Gorgeous details include a claw foot tub, more stained glass, exquisitely carved wooden doors, a large walk in closet, and primary en-suite. The yard space presents a wide variety of options: relax on the patio, garden, or cook out in a lovely setting. The location is a dream for tenants or an owner-occupant: steps to all the shopping and dining options on Madison Street, blue line, and nearby parks, pool, and rec center! Recent updates include a new roof on the coach house (2020) new gutters on main + coach house (2023) and newer hot water heaters. Don't miss this incredible property!
New
$749,000
501 Elgin Ave, Forest Park, IL 60130
7beds
--sqft
Est.:
Multi Family
Built in ----
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 1 day
- on Zillow |
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- 46 |
Zillow last checked: 7 hours ago
Listing updated: August 06, 2025 at 01:34pm
Listing courtesy of:
John Warren 847-894-2433,
Forte Properties, Inc.,
Sharon Knickerbocker 315-727-2028,
Forte Properties, Inc.
Source: MRED as distributed by MLS GRID,MLS#: 12438480

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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Natural Gas, Forced Air, Steam, Radiator(s)
Features
- Basement: Partially Finished,Full
Property
Parking
- Total spaces: 4
- Parking features: Off Street, Driveway, On Site, Owned
- Has uncovered spaces: Yes
Features
- Patio & porch: Patio
- Fencing: Fenced
Lot
- Size: 8,000 Square Feet
- Dimensions: 50X160
- Features: Corner Lot
Details
- Additional structures: Shed(s)
- Parcel number: 15132140100000
- Zoning: MULTI
- Special conditions: List Broker Must Accompany
- Other equipment: Ceiling Fan(s)
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Victorian
- Property subtype: Multi Family
Materials
- Frame, Other
Condition
- New construction: No
- Major remodel year: 2016
Utilities & green energy
- Sewer: Public Sewer
- Water: Lake Michigan, Public
Community & HOA
Community
- Features: Park, Curbs, Sidewalks, Street Lights, Street Paved
- Security: Carbon Monoxide Detector(s)
Location
- Region: Forest Park
Financial & listing details
- Tax assessed value: $608,650
- Annual tax amount: $17,285
- Date on market: 8/6/2025
- Ownership: Fee Simple
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