1401 Marengo Avenue Forest Park, IL $ 725,000
1401 Marengo Avenue
$ 725,000
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1401 Marengo Avenue

Forest Park, IL, 60130
$ 725,000
Bedrooms3 Baths0.0

Monthly Estimate*

$ 5,064

1401 Marengo Avenue, Forest Park, IL 60130 - Image 1
1401 Marengo Avenue, Forest Park, IL 60130 - Image 2

Multi-Family Home for sale in Forest Park, IL

for $725,000 with 3 bedrooms. This home was built in 1962.

Welcome to the heartbeat of Forest Park! Nestled in this vibrant, hipster haven just moments from downtown Chicago, this 6-flat investment property embodies convenience and community charm. Built in 1961, this sturdy brick building houses 5 active tenants across its 6 well-maintained units. Boasting a total of 8 bedrooms and 6 full baths, this property offers a diverse layout, featuring four two-bedroom apartments and two cozy one-bedroom garden units. Most of the bathrooms have been updated since 2018 with new tile, updated porcelain, new vanity in a bright and upbeat well-lit bathroom. Most of the kitchens have been updated since 2018 with new sinks, appliances, newly painted cabinetry and flooring. Positioned on a corner lot, this property surprises with its spaciousness, showcasing expansive grassy areas between the sidewalk and curb. Convenience meets comfort with shared amenities including low-cost laundry in the basement, ensuring an easy, hassle-free living experience for tenants. There is dedicated outdoor parking for each unit. Forest Park is more than a location; it's a lifestyle-a place where live, work, play, dine, and shop converge seamlessly amidst a backdrop of year-round festivals and family events. Don't miss this opportunity to invest in the beating heart of a community that embodies the essence of modern living.

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Multi-Family Contingent

Price

$ 725,000

Bedrooms

3

Property Type

Multi-Family

Taxes

$ 19,548

Style

Multi-Family

Year Built

1962

Town/City

Forest Park

County/Region

Cook

MLS | Web ID

12021824

Features
General
Year Built 1962
Tenant Pays Electricity
Stories 2
Tax Year 2021
Current Use Multi-Family
Gross Income 50000
County Cook
Net Operating Income 50000
Operating Expense 10000
Insurance Expense 3400
Property Type Commercial Sale Multi Family 5+
Contingency Attorney/Inspection
Status Contingent
Directions From Harlem go west on 13th to Marengo. Go South to address.
City Forest Park
Total Units 6
MLS Area Forest Park
Street Name Marengo
Tax Annual Amount 19548
Electric Expense 150
Fuel Expense 3500
Trash Expense 1000
Water Sewer Expense 1000
Additional Parcels Y/N N
Days on Market 1
Standard Status Active Under Contract
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Exterior
Lot Dimensions 41X126
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Interior
Street Suffix Avenue
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* Excluded Features
List By
Berkshire Hathaway Homeservices Chicago

Broker

martyd@bhhschicago.com

Email

Affordability Calculator

$6,693
Per Month
76%
24%
0%
Monthly Principal & Interest
$5,064
Monthly Property Taxes
$1,629
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
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Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/5/2024$725,000 Listed Price

Map


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1401 Marengo Avenue, Forest Park, IL, 60130 is a Multi-Family Home for sale at $725,000. 1401 Marengo Avenue has 3 bedrooms, 0.0 baths, and was built in 1962. The property's zip code is 60130 which is in Forest Park, IL