See Home Value
$890,000
● House - Off Market

507 Monroe Avenue

River Forest, IL 60305
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
$5,611
Est. Monthly

About This Property

Welcome to this classic brick Colonial in one of River Forest's most convenient and desirable in-town locations. Filled with natural light, this is the kind of place that feels like home from the moment you walk in-and one that gives you the space and flexibility to settle in and enjoy everyday life.  Mornings here start off easy, with sunlight pouring into the main living spaces and plenty of room to move through the day without feeling cramped. The spacious living room with a gas fireplace is a comfortable place to unwind at the end of the day, while the updated eat-in kitchen is the kind of spot where meals, homework, and casual conversation all seem to happen naturally. A formal dining room gives you room to host holidays or dinner with friends, and the first-floor den with new windows in 2024 is perfect for working from home, reading, or just finding a quiet corner when you need one.  Upstairs, the three spacious bedrooms offer a calm retreat, with hardwood floors throughout and a vintage hall bath that adds a little character to the mix. The finished basement gives you even more room to spread out, whether you're using the cozy family room with wood-burning fireplace for movie nights, setting up the fourth bedroom as an office or guest space, or simply appreciating the extra storage that helps keep life organized.  Outside, the beautifully landscaped yard feels like an extension of the home. The pressed-concrete patio is ideal for summer dinners, morning coffee, or relaxing after a long day, and the fenced yard gives you space to garden, play, or let pets enjoy the outdoors. With a large lot, a two-car garage, and a storage shed, there's room here for both everyday living and the extras that make a house feel easy to live in.  And the location makes daily life especially convenient. You're within walking distance of the Metra, Green Line, River Forest Town Center, Roosevelt Middle School, Lincoln Elementary School, and the River Forest Public Library, so errands, school drop-offs, commuting, and weekend plans are all close at hand. It's the kind of home that offers classic charm, comfortable living, and a lifestyle that feels both connected and easy.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$1,290
HOA Dues
-
Year Built
1940

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Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1940
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 12
  • Building Style: 63
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,700
  • Lot Size Depth Feet: 1,730
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,888
  • Gross Building Area: 1,888
  • Building Area: 1,888
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,888
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: QUICKS SUB
  • Land Acres: 0000000200
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-05
  • Legal Description 1: (SUBDIVISION) OF BLK6 EX N600FT IN QUICKS SUB OF PT O F NE OF SEC12 NE SEC 12-39-12

Neighborhood

  • School District Name: River Forest School District 90
  • Census Tract: 812000

Geography

  • District: 33
  • Parcel: 15-12-214-014-0000
  • Block: 6
  • Lot: 5
  • Meridian: SEC 12 TWN 39N RNG 12E
  • Municipality: RIVER FOREST
  • Latitude: 41.8888
  • Longitude: -87.8111

    Address

  • Full Address: 507 Monroe Ave
  • Address - House Number: 507
  • Address - Street Name: Monroe
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: River Forest
  • Carrier Code: C021
  • 4-Digit Zip Code: 1901
  • Zip Code: 60305

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,676,797
  • Tax Rate Code Area: 33001

    Appraisal Valuation

  • Standard Deviation: 0.2029
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 72
  • Final Value: 748,186
  • High Value: 899,999
  • Low Value: 596,372

    Market Valuation

  • Market Total Value: $600,000
  • Market Land Value: $113,100
  • Market Improvement Value: $486,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $60,000
  • Assessed Land Value: $11,310
  • Assessed Improvements Value: $48,690

    Sales

  • Current Sale Contract Date: Apr 09, 2020
  • Current Sale Recording Date: Apr 30, 2020
  • Current Sale Price:
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2012103095
  • Previous Sale Recording Date: Nov 14, 2012
  • Previous Sale Contract Date: Oct 25, 2012
  • Previous Sale Amount: $560,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: FIX
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About River Forest


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Frequently Asked Questions

When was property at 507 Monroe Avenue built and last sold?
The property at 507 Monroe Avenue was built in 1940 and last sold on Apr 9, 2020 for $592,000.
How much is this home worth?
The estimated value of the home located at 507 Monroe Avenue is $888,699.
What are some comparable homes to 507 Monroe Avenue?
There are currently no comparable homes to 507 Monroe Avenue.

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