1101 Elgin Ave
Forest Park, IL 60130
1101 Elgin Avenue · Multifamily Property For Sale · 2 Units

Rare opportunity to acquire a well-maintained Forest Park two-flat offering the perfect combination of immediate income and long-term upside. Both units offer 3 bedrooms, spacious living areas, and updated finishes throughout, creating broad appeal for both tenants and owner-occupants. This property presents a compelling investment opportunity with below-market rents that provide clear potential for increased future income. A standout feature is the assumable 3.125% mortgage (subject to lender approval), giving qualified buyers the opportunity to secure financing well below current market rates-an advantage that can significantly improve cash flow and overall returns. The large backyard offers plenty of space for entertaining, outdoor gatherings, or relaxation. Ideally situated just minutes from vibrant Madison Street, popular restaurants, shopping, parks, the CTA Blue Line, Metra, and major expressways, this property combines a prime location with excellent long-term investment potential. Whether you're looking to expand your real estate portfolio or live in one unit while generating rental income from the other, this exceptional property offers the perfect combination of strong cash-flow potential, future appreciation, and pride of ownership.