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7301-09 Dixon Street Forest Park, IL $ 1,695,000
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7301-09 Dixon Street
$ 1,695,000
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7301-09 Dixon Street

Forest Park, IL, 60130
$ 1,695,000
Bedrooms1 Baths0.0 Sq 8,900

Monthly Estimate*

$ 11,707

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Multi-Family Home for sale in Forest Park, IL

for $1,695,000 with 1 bedroom. This 8,900 square foot home was built in 1962.

7301-09 Dixon St: solid brick 12-unit condo deconversion opportunity with value add component featuring (12) 1-bed / 1-bath apartments and 16 dedicated parking spaces. The property's efficient unit mix, strong rental demand in the area, and on-site parking make it an attractive option for both seasoned investors and newcomers seeking reliable cash flow with long-term appreciation potential. Nearly all units are also on outdated or month-to-month leases. Whether you're looking to modernize units, improve operations, or enhance NOI, this building presents a rare chance to add measurable value in a supply-constrained market.

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Multi-Family Active

Price

$ 1,695,000

Bedrooms

1

Property Type

Multi-Family

Taxes

$ 7,664

Style

Year Built

1962

Town/City

Forest Park

County/Region

Cook

MLS | Web ID

12770731
Features
General
Cooling Window Unit(s)
Zoning MULTI
Construction Materials Brick
Year Built 1962
Electric Service - 0 to 100 Amps Service - 101 to 200 Amps
Tenant Pays Electricity
Stories Count 3
Tax Year 2025
Gross Income 171880
Additional Parcels Description 15124110241008
County Cook
Net Operating Income 100616
Operating Expense 71264
Insurance Expense 9000
Property Type Commercial Sale Multi Family 5+
MaintenanceExpense 2400
Status Active
Directions North on Harlem east on Randolph north on Belvidere west on Dixon
City Forest Park
Number Of Units Total 12
MLS Area Forest Park
Tax Annual Amount 7664
Electric Expense 780
Fuel Expense 5340
Trash Expense 2500
Water Sewer Expense 18000
Additional Parcels Y/N Y
Standard Status Active
Cap Rate 7.41
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Exterior
Building Area Total 8900
Lot Dimensions 10200
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* Excluded Features
List By
Mo2 Brokerage Llc

Broker

giannotta@mo2brokerage.com

Email

Affordability Calculator

$12,346
Per Month
95%
5%
0%
Monthly Principal & Interest
$11,707
Monthly Property Taxes
$639
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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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Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
9/28/2026$1,695,000 Listed Price

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7301-09 Dixon Street, Forest Park, IL, 60130 is a Multi-Family Home for sale at $1,695,000 with 8,900 sqft. 7301-09 Dixon Street has 1 bedrooms, 0.0 baths, and was built in 1962. The property's zip code is 60130 which is in Forest Park, IL

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