21 days on rocket

3516 Elder Ln, Franklin Park, IL, 60131

$140,000

Home List Price

$1,663*

Closing Credit

2 Bedrooms
1 Full Bath
800 SqFt
$175/SqFt
House
Schools Nearby

Location

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3516 Elder Ln, Franklin Park$140,000

Buyer Closing Credits

$1,663*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeSingle Family Residence
Garage1 space
Year Built1928
HeatingNatural Gas
BasementYes
MLS #12039439
StatusActive
(Price Change)

About 3516 Elder Ln

**Investor's Dream: Unleash Potential in This Fixer-Upper Gem!** Welcome to a prime investment opportunity in a desirable neighborhood! This charming single-family home, featuring 2 bedrooms and 1 full bathroom, is awaiting your creative vision. With North Elementary and Hester Jr. High just a stone's throw away, it's the perfect location for families. Unlock the hidden potential of this property with its rare unfinished basement, offering valuable extra space for expansion or storage. Take advantage of the current low inventory market while enjoying the convenience of nearby amenities, including shopping, dining, schools, and major highways. While the property requires TLC, the possibilities for transformation are endless. However, please note that the buyer will need to address violations listed on the pre-sale inspection report.Don't let this opportunity slip away! Seize the chance to invest in this diamond in the rough and turn it into your dream home. Contact us today to schedule a viewing and start your journey toward realizing its full potential!*Disclaimer: City requires clean out before inspection is set, seller will clean out property once earnest money is received*

Property Details

Property Features

Property Information:

  • Year Built: 1928
  • Living Area: 800 SqFt

Listing Office:

  • Office Name: DEI Realty LLC
  • Office Phone: (708) 669-7344
  • Listing Agent: Oscar Darden

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 2

Exterior Features

Parking Information:

  • Garage Space: 1 space
  • Attached Garage: No

Utilities

Utilities Information:

  • Heating: Natural Gas

School Info

Assigned Schools Information:

  • East Leyden High School, Public District Grades 9-12
  • Hester Jr High School, Public District Grades 6-8
  • North Elementary School, Public District Grades PK-5

Other

Directions Information:

  • Directions: 25TH AVE TO ADDISON ST., WEST TO ELDER, SOUTH TO HOME

Price Information

Listing Price Info

Price Summary:

  • List Price: $140,000
  • Price Per SqFt: $175/SqFt
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Housing Market Comparison

See how this home compares to others in Franklin Park, IL.

Med. Sold Price

$300K

Med. Price/SqFt

$232

Avg. Days On Market

13

# of Sold Homes

8

3516 Elder Ln vs Franklin Park

21 DAYS ON ROCKET

+8 Days

$140,000

-$160K Less

$175/SqFt

-$58 Less

KEY TAKEAWAY

This property is $160K less than the Median Sold Price and $58/SqFt less than other homes in Franklin Park, IL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MRED
  • MLS Number: #12039439

Listing Office:

  • Office Name: DEI Realty LLC
  • Office Phone: (708) 669-7344
  • Listing Agent: Oscar Darden

IDX Listings courtesy of Midwest Real Estate Data as distributed by MLS GRID.

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The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than the broker/agent who owns the website are marked with the MRED Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (the MRED logo) and detailed information about them includes the names of the listing brokers.

All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.

Some properties which appear for sale on this website may subsequently have sold and may no longer be available. Information Deemed Reliable but Not Guaranteed. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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Copyright © 2024 Midwest Real Estate Data LLC (MRED). All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/21/2024, 12:15:36 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-4640104
9
/10
  • North Elementary School

  • 9500 Gage Ave

  • 0.55 miles

  • Public District Grades PK-5

Middle School

school-card-donut-4640105
6
/10
  • Hester Jr High School

  • 2836 Gustav St

  • 0.89 miles

  • Public District Grades 6-8

High School

school-card-donut-4640106
5
/10
  • East Leyden High School

  • 3400 Rose St

  • 0.36 miles

  • Public District Grades 9-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $64,969. The most common annual income of people living in Franklin Park, IL is between $35k-100k. Most families are married, no kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 3516 Elder Ln

What is the listing price of this property?

The listing price of 3516 Elder Ln property is $140,000.

What type of property is this?

The property 3516 Elder Ln is a house located in Franklin Park, Illinois, 60131.

Is this property for sale now?

Active Listing: 3516 Elder Ln is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 3516 Elder Ln are:
North Elementary School: GreatSchools Rating 9/10
Hester Jr High School: GreatSchools Rating 6/10
East Leyden High School: GreatSchools Rating 5/10

How many bedrooms and bathrooms does this property have?

The property at 3516 Elder Ln has 2 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 3516 Elder Ln is 800 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 3516 Elder Ln is 1928.

Rocket Homes›Illinois›Cook County›Franklin Park›60131›3516 Elder Ln

This home is located at 3516 Elder Ln in Franklin Park, IL and zip code 60131. This 800 square foot home was built in 1928. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since April 30, 2024 and is currently priced at $140,000.

While more than 3 listings in Franklin Park, IL in April 2024 were sold above asking price, there were more than 3 listings sold at asking price, and more than 2 were sold below. Between March 2024 and April 2024, Franklin Park, IL real estate market has seen increase in the number of listings by 2.8%. In April 2024 median list price was $300,000 and the average listing age was 13 days.

From Rocket Homes Real Estate and based on county public records data.

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