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1404 Elgin Avenue, 
Forest Park, IL 60130

$410,000


4

Beds


2

Baths


-

Sq Ft


Multi-Family

Pending

Listed by

Frank Carioti

Carly Randulich

Carioti Properties

Last updated:

March 15, 2026, 07:51 AM

MLS#

12565604

Source:

MLSNI

About This Home

1404 Elgin Avenue

MULTIPLE OFFERS RECEIVED BEST AND FINAL DUE BY 5pm MONDAY 2/16 - 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!

Home Facts

Multi-Family

2 Baths

4 Bedrooms

Built in 1919

Price Summary

410,000

MLS #:

12565604

Last Updated:

March 15, 2026, 07:51 AM

Added:

a month ago


Rooms & Interior

Bedrooms

Total Bedrooms:

4

Bathrooms

Total Bathrooms:

2

Full Bathrooms:

2


Structure

Structure

Year Built:

1919


Lot

Lot Size (Sq. Ft):

3,049


Finances & Disclosures

Finances

Price:

$410,000

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.