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7415 Dixon Street Forest Park, IL 60130 Multi Unit - Multiple Price Change

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Description

7415 Dixon Street is a truly rare opportunity in Forest Park, featuring 5 total bedrooms and 3 full baths throughout the property. Fantastic location on a lovely, quiet block, occupying an oversized double-lot, mere blocks from downtown Forest Park, Oak Park, and River Forest. Properties offering this combination of space, flexibility, and location are exceptionally hard to find. The main residence spans approximately 2,314 square feet and lives like a single-family home, featuring three bedrooms and two full baths. A gracious entry opens to formal living and dining rooms accented by hardwood floors, crown molding, and abundant natural light. First-floor bedroom with an adjacent full bath provides ideal flexibility for guests, in-laws, or multigenerational living. The kitchen offers 42 maple cabinetry, ample counter space, and stainless steel appliances, flowing seamlessly into a breakfast area and sunroom with newer Andersen windows overlooking the expansive yard. Upstairs, you'll find two additional bedrooms, a home office, and an expansive family/recreation room, perfect for working from home, entertaining, or creating a separate living zone. The lower-level unit is a self-contained two-bedroom, one-bath en-suite apartment of approximately 700 square feet, currently rented month-to-month at $850 per month, offering immediate income potential or flexibility for owner-occupants. Set on a lush double lot with mature trees, perennial gardens, and two garages, the outdoor space is truly exceptional-ideal for gardening, entertaining, expansion, or future development. The basement provides additional versatility with laundry, storage, and living options. Whether your vision is to enjoy as a spacious owner-occupied home, maximize rental income, or reconfigure into a three-unit investment, this property delivers rare upside in a premier location. Close to restaurants, shops, parks, the Green Line, Metra, and I-290, with easy access to Oak Park, River Forest, O'Hare, and Midway. Bring your vision, opportunities like this don't come along often.

Property Highlights

Property Type: Multi Unit - Multiple

General Information

Bedrooms: 5
Bathrooms: 3
County: Cook
Listed By:
Berkshire Hathaway HomeServices Chicago 708-848-5550
MRED MLS
$575,000
Est. $3,800/mo
5beds
3baths
4cars
Price Change Price Reduced $15,000 on July 9th, 2026
BEDS5 BATHS3 full MLS#12452749
STATUSPrice Change PROPERTY TYPEMulti Unit - Multiple SCHOOLDistrict 209

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7415 Dixon Street, Forest Park, IL 60130.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $575,000$575,000$575,000
Down Payment $115,000$20,125$143,750
Monthly Mortgage Amount $2,832$3,430$3,581
Taxes $800$800$800
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$253$0
Monthly Estimated Total $3,800$4,651$4,549

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