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  3. Forest Park, IL
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  5. 7240 Franklin St
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7240 Franklin St

7240 Franklin St, Forest Park, IL, 60130

YEAR BUILT

1993

# STORIES

4

# TOTAL UNITS

10

UNIT SIZE RANGE

1,200-1,855 sqft

Description

The building at 7240 Franklin St is located in Forest Park, close to downtown Oak Park. This mid-rise structure has 4 stories and consists of 10 units. It was built in 1993 and provides a mix of 1 and 2-bedroom layouts. Unit sizes range from 1,200 to 1,855 square feet. Prices for these homes vary between $350,000 and $389,000, with the average price around $260,000. The average price per square foot is about $186 based on recent sales. Units sold within the past year reflect the market, which shows they typically sell in around 46 days. This building offers several amenities for residents. There is a laundry facility, an elevator, and access to a rooftop deck with views of the Chicago skyline. Heated garage parking is available, enhancing comfort during colder months. The open floor plans include high ceilings and hardwood floors. Nearby, there are several local businesses to meet daily needs. Kevil's Restaurant and Long John Silver's provide good dining options. The Citgo Gas Station takes care of grocery needs. The close proximity to Metra and the CTA Green Line transit stations makes commuting straightforward. Living in this building offers a good neighborhood vibe. Residents enjoy community connections while being close to bustling downtown areas. The roof deck promotes outdoor relaxation with stunning skyline views. This location is a great choice for those who appreciate both convenience and a social atmosphere.

Building ImageMLS ID #12508179
Building ImageMLS ID #12390858
Building Image
Building ImageView Listing

7240 Franklin St

7240 Franklin St, Forest Park, IL, 60130

YEAR BUILT

1993

# STORIES

4

# TOTAL UNITS

10

UNIT SIZE RANGE

1,200-1,855 sqft

Description

The building at 7240 Franklin St is located in Forest Park, close to downtown Oak Park. This mid-rise structure has 4 stories and consists of 10 units. It was built in 1993 and provides a mix of 1 and 2-bedroom layouts. Unit sizes range from 1,200 to 1,855 square feet. Prices for these homes vary between $350,000 and $389,000, with the average price around $260,000. The average price per square foot is about $186 based on recent sales. Units sold within the past year reflect the market, which shows they typically sell in around 46 days. This building offers several amenities for residents. There is a laundry facility, an elevator, and access to a rooftop deck with views of the Chicago skyline. Heated garage parking is available, enhancing comfort during colder months. The open floor plans include high ceilings and hardwood floors. Nearby, there are several local businesses to meet daily needs. Kevil's Restaurant and Long John Silver's provide good dining options. The Citgo Gas Station takes care of grocery needs. The close proximity to Metra and the CTA Green Line transit stations makes commuting straightforward. Living in this building offers a good neighborhood vibe. Residents enjoy community connections while being close to bustling downtown areas. The roof deck promotes outdoor relaxation with stunning skyline views. This location is a great choice for those who appreciate both convenience and a social atmosphere.

Next

Description

The building at 7240 Franklin St is located in Forest Park, close to downtown Oak Park. This mid-rise structure has 4 stories and consists of 10 units. It was built in 1993 and provides a mix of 1 and 2-bedroom layouts. Unit sizes range from 1,200 to 1,855 square feet. Prices for these homes vary between $350,000 and $389,000, with the average price around $260,000. The average price per square foot is about $186 based on recent sales. Units sold within the past year reflect the market, which shows they typically sell in around 46 days. This building offers several amenities for residents. There is a laundry facility, an elevator, and access to a rooftop deck with views of the Chicago skyline. Heated garage parking is available, enhancing comfort during colder months. The open floor plans include high ceilings and hardwood floors. Nearby, there are several local businesses to meet daily needs. Kevil's Restaurant and Long John Silver's provide good dining options. The Citgo Gas Station takes care of grocery needs. The close proximity to Metra and the CTA Green Line transit stations makes commuting straightforward. Living in this building offers a good neighborhood vibe. Residents enjoy community connections while being close to bustling downtown areas. The roof deck promotes outdoor relaxation with stunning skyline views. This location is a great choice for those who appreciate both convenience and a social atmosphere.

7240 Franklin St Key Stats Last 12 months

Avg. Listed Price$317,500($227/Sqft.)
Avg. Sale Price$260,000($186/Sqft.)
Year over year list price0.00%
Year over year sale priceDown Arrow 7.14%
Total Listings2 Listed
Total sold1 Sold
Average Days on Market46 days
Average HOA fees per sqft$3 /monthly
Next

Key Stats

Year over year list price0.00%
Year over year sale priceDown Arrow7.14%
Total Listings2 Listed
Total sold1 Sold
Average Days on Market46 days
Average HOA fees per sqft$3 /monthly

Glen Gardens Estate Availability & Demand

Unit Availability

Low
High availability buildings list units frequently.

Unit Availability helps to understand how often units in a particular building are listed for sale as compared with the neighborhood average. Units are rarely listed in buildings with low availability.

Unit Demand

Low
Units in high-demand buildings sell quicker.

Unit Demand is a measure of quickly units in a particular building sell as compared with other buildings in the neighborhood. Units in high-demand buildings sell more quickly.

For Sale 0 For Sale

7240 Franklin St Inventory & Sale History

UnitSize (sqft)BedsBathsDays On MarketDateStatusPrice
Unit 2A2A140022822026-01-21
MLS#: 12508179 		Closed$350,000
Unit 1A1A185522712016-11-03
MLS#: 09324505 		Closed$389,000
Unit 1B1B-23862009-11-04
MLS#: 07294981 		Closed$350,000
Unit 1A
1A

2 Beds

2 Baths

1855 sqft

DateStatusPrice
2016-11-03Closed$389,000
MLS#: 09324505
Days On Market71
Unit 1B
1B

2 Beds

3 Baths

0 sqft

DateStatusPrice
2009-11-04Closed$350,000
MLS#: 07294981
Days On Market86
Unit 2A
2A

2 Beds

2 Baths

1400 sqft

DateStatusPrice
2026-01-21Closed$350,000
MLS#: 12508179
Days On Market82
View Complete Unit Listing HistorySource By: MRED

Amenities

One of the perks of living here is the impressive roster of amenities. Need to breeze through laundry day? The building features convenient laundry facilities that make chores a little less daunting. Feeling like catching some sun? Head up to the sundeck, where you can relax and enjoy a good book or chat with neighbors. Additionally, there's an elevator for easy access to your home, ensuring you can move in with ease, especially if you're bringing heavy boxes or furniture.

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Amenities Description

One of the perks of living here is the impressive roster of amenities. Need to breeze through laundry day? The building features convenient laundry facilities that make chores a little less daunting. Feeling like catching some sun? Head up to the sundeck, where you can relax and enjoy a good book or chat with neighbors. Additionally, there's an elevator for easy access to your home, ensuring you can move in with ease, especially if you're bringing heavy boxes or furniture.

Parking
Parking
Locker
Locker
Concierge
Concierge
Elevator(s)
Elevator(s)
Check Icon
Central AC
Central AC
Pool
Pool
Fitness Center
Fitness Center
-
Visitors Parking
Visitors Parking
Next

Amenities

Elevator(s)

Elevator(s)

Security Door Lock(s)

Security Door Lock(s)

Laundry

Laundry

Sundeck

Sundeck

Storage

Storage

Balcony

Balcony

Policies

For those of you with furry friends, you'll be happy to know that this building is pet-friendly! Cats and dogs are both welcome, making it a perfect match for animal lovers. Just keep in mind the building policies regarding pet size and quantity limits—it's all about making sure that everyone can enjoy their space comfortably.

Pet Allowed
Check
Pet Allowed
BBQ Permitted
BBQ Permitted
Sublet Allowed
Sublet Allowed
Short-term Rental Allowed
Short-term Rental Allowed

Compare with Buildings in the Neighbourhood (Last 12 Months)

Compare building's average price/sq. ft. and HOA fees/sq. ft. to buildings nearby

Building NameAvg price per square footAVG HOA FEE per square foot (Monthly)
7240 Franklin St$186/sqft.$3 /sqft.
115 Marengo Ave$163/sqft.$4 /sqft.
115 Marengo Terrace Condominiums$162/sqft.$4 /sqft.
Ramar South Tower Condominiums$120/sqft.$3 /sqft.
7320 Dixon Ave$167/sqft.$4 /sqft.
Ramar House Condominiums$207/sqft.$3 /sqft.

Nearby Schools

7240 Franklin St is located in , Forest Park, with 41+ schools available within a 2-mile radius. Families benefit from convenient access to nearby educational institutions supporting daily routines. Short travel distances help reduce commute time for students. This education-friendly location enhances overall community appeal.

Grant-White Elementary School

B
Public|Grades 3–5
147 Circle Ave|0.2 miles away

Montessori Language Academy

--
Private|Grades PK–KG
314 Circle Ave|0.3 miles away

The Field School

--
Private|Grades PK–6
931 Lake St|0.47 miles away

Gwendolyn Brooks Middle School

C+
Public|Grades 6–8
325 S Kenilworth A...|0.53 miles away

Roosevelt School

A-
Public|Grades 5–8
7560 Oak Ave|0.62 miles away

Garfield Elementary School

--
Public|Grades PK–2
543 Hannah Ave|0.63 miles away
Next

Schools

arrow rightWhat to know about schoolsarrow right
Next

Description

7240 Franklin St is located in , Forest Park, with 41+ schools available within a 2-mile radius. Families benefit from convenient access to nearby educational institutions supporting daily routines. Short travel distances help reduce commute time for students. This education-friendly location enhances overall community appeal.

Grant-White Elementary School

B
Public|Grades 3–5
147 Circle Ave|Less than 1 Mile Away

Montessori Language Academy

--
Private|Grades PK–KG
314 Circle Ave|Less than 1 Mile Away

The Field School

--
Private|Grades PK–6
931 Lake St|Less than 1 Mile Away

Gwendolyn Brooks Middle School

C+
Public|Grades 6–8
325 S Kenilworth A...|Less than 1 Mile Away

Roosevelt School

A-
Public|Grades 5–8
7560 Oak Ave|Less than 1 Mile Away

Garfield Elementary School

--
Public|Grades PK–2
543 Hannah Ave|Less than 1 Mile Away

Lincoln Elementary School

A
Public|Grades KG–4
511 Park Ave|Less than 1 Mile Away

Oliver W Holmes Elementary School

B+
Public|Grades KG–5
508 N Kenilworth A...|Less than 1 Mile Away

Oak Park & River Forest High School

A
Public|Grades 9–12
201 N Scoville Ave|1.01 Miles Away

Concordia Univ Early Childhood Education Center

--
Private|Grades PK–KG
7400 Augusta St|1.00 Miles Away

Fenwick High School

--
Private|Grades 9–12
505 Washington Blv...|1.01 Miles Away

Grace Lutheran School

--
Private|Grades PK–8
7300 Division St|1.09 Miles Away

Field Stevenson Elementary School

B+
Public|Grades 3–5
925 Beloit Ave|1.09 Miles Away

Forest Park Middle School

C
Public|Grades 6–8
925 Beloit Ave|1.09 Miles Away

Intercultural Montessori Language School

--
Private|Grades PK–KG
301 S Ridgeland Av...|1.15 Miles Away

Ascension Elementary School

--
Private|Grades PK–8
601 Van Buren St|1.17 Miles Away

Trinity High School

--
Private|Grades 9–12
7574 Division St|1.21 Miles Away

Percy Julian Middle School

C+
Public|Grades 6–8
416 S Ridgeland Av...|1.24 Miles Away

La Casa Montessori School

--
Private|Grades PK–4
608 Harrison St|1.25 Miles Away

Horace Mann Elementary School

A-
Public|Grades KG–5
921 N Kenilworth A...|1.28 Miles Away

Abraham Lincoln Elementary School

B+
Public|Grades KG–5
1111 S Grove Ave|1.31 Miles Away

William Beye Elementary School

C
Public|Grades KG–5
230 N Cuyler Ave|1.33 Miles Away

Willard Elementary School

A-
Public|Grades PK–4
1250 Ashland Ave|1.36 Miles Away

Proviso East High School

F
Public|Grades 9–12
807 S 1st Ave|1.38 Miles Away

Longfellow Elementary School

B-
Public|Grades PK–5
715 Highland Ave|1.44 Miles Away

West Suburban Montessori School

--
Private|Grades PK–5
1039 S East Ave|1.44 Miles Away

Emerson Elementary School

C
Public|Grades PK–5
311 Washington Blv...|1.54 Miles Away

St Giles School

--
Private|Grades PK–8
1034 Linden Ave|1.55 Miles Away

Betsy Ross Elementary School

--
Public|Grades KG–2
1315 Marengo Ave|1.56 Miles Away

St Vincent Ferrer Elementary School

--
Private|Grades PK–8
1515 Lathrop Ave|1.57 Miles Away

Whittier Elementary School

A
Public|Grades PK–5
715 N Harvey Ave|1.59 Miles Away

St Catherine Siena-St Lucy School

--
Private|Grades PK–8
27 Washington Blvd|1.63 Miles Away

Keystone Montessori School

--
Private|Grades PK–8
7415 North Ave|1.62 Miles Away

Irving Elementary School

B+
Public|Grades KG–5
1125 S Cuyler Ave|1.72 Miles Away

Little Folks Cottage Daycare & Nursery

--
Private|Grades PK–KG
5926 W Madison St|1.79 Miles Away

Prairie Oak School

B+
Public|Grades PK–5
1427 Oak Park Ave|1.84 Miles Away

William Hatch Elementary School

A
Public|Grades PK–5
1000 N Ridgeland A...|1.87 Miles Away

Children's School of Oak Park

--
Private|Grades KG–8
1428 Wesley Ave|1.87 Miles Away

Jefferson Elementary School

B
Public|Grades PK–5
7035 16th St|1.89 Miles Away

Proviso Math and Science Academy

A+
Public|Grades 9–12
8601 Roosevelt Rd|1.90 Miles Away

Lincoln Elementary School

B-
Public|Grades PK–5
811 Chicago Ave|1.98 Miles Away

Transit

7240 Franklin St is surrounded by public transit options designed for efficient city travel. Transportation access within a 2-mile radius ensures reliable connections across Forest Park. Residents benefit from flexible commuting options and reduced travel stress. This well-connected setting supports modern urban lifestyles.

40 Madison St

1.25 miles away|24 min walk

5900 W Jackson

1.93 miles away|38 min walk

5th/Andy

1.96 miles away|38 min walk

5th/Augusta

1.86 miles away|36 min walk

5th/Bataan

1.89 miles away|37 min walk

5th/Chicago

1.76 miles away|34 min walk
Next

Transit

arrow rightWhat to know about transitarrow right
Next

Description

7240 Franklin St is surrounded by public transit options designed for efficient city travel. Transportation access within a 2-mile radius ensures reliable connections across Forest Park. Residents benefit from flexible commuting options and reduced travel stress. This well-connected setting supports modern urban lifestyles.

40 Madison St

1.25 miles away|24 min walk

5900 W Jackson

1.93 miles away|38 min walk

5th/Andy

1.96 miles away|38 min walk

5th/Augusta

1.86 miles away|36 min walk

5th/Bataan

1.89 miles away|37 min walk

5th/Chicago

1.76 miles away|34 min walk

5th/Congress

1.84 miles away|36 min walk

5th/Division

1.99 miles away|39 min walk

5th/Erie

1.7 miles away|33 min walk

5th/Green

1.7 miles away|33 min walk

5th/Harrison

1.86 miles away|36 min walk

5th/Harvard

2 miles away|39 min walk

5th/Hugh Muir

1.8 miles away|35 min walk

5th/Huron

1.72 miles away|33 min walk

5th/Lake

1.69 miles away|33 min walk

5th/Legion

1.72 miles away|33 min walk

5th/Lexington

1.93 miles away|37 min walk

5th/Madison

1.68 miles away|33 min walk

5th/Main

1.67 miles away|32 min walk

5th/Maple

1.64 miles away|32 min walk

5th/Nichols

1.89 miles away|37 min walk

5th/Oak

1.65 miles away|32 min walk

5th/Pine

1.64 miles away|32 min walk

5th/Quincy

1.78 miles away|35 min walk

5th/Randolph

1.64 miles away|32 min walk

5th/Rice

1.78 miles away|35 min walk

5th/School

1.67 miles away|33 min walk

5th/St. Charles

1.66 miles away|32 min walk

5th/Superior

1.74 miles away|34 min walk

5th/Van Buren

1.81 miles away|35 min walk

5th/Walnut

1.65 miles away|32 min walk

5th/Walton

1.83 miles away|36 min walk

5th/Warren

1.66 miles away|32 min walk

5th/Washington

1.65 miles away|32 min walk

5th/Wilcox

1.74 miles away|34 min walk

5th/Winston

1.93 miles away|37 min walk

8300 Roosevelt Rd

1.72 miles away|33 min walk

Austin & Adams

1.76 miles away|34 min walk

Austin/Adams

1.76 miles away|34 min walk

Austin & Augusta

1.87 miles away|36 min walk

Austin (Blue)

1.85 miles away|36 min walk

Austin-Blue

1.85 miles away|36 min walk

Austin Blue Line Station

1.95 miles away|38 min walk

Austin & Chicago

1.78 miles away|35 min walk

Austin/Corcoran/South Blvd./CTA Green Line

1.67 miles away|33 min walk

Austin & Corcoran/South Blvd (Green Line)

1.67 miles away|32 min walk

Austin & Erie

1.71 miles away|33 min walk

Austin & Fulton/Pleasant

1.67 miles away|32 min walk

Austin/Fulton/Pleasant

1.67 miles away|32 min walk

Austin/Garfield/CTA Blue Line

1.96 miles away|38 min walk

The Neighbourhood: 7240 Franklin St

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7240 Franklin St Demographics

Age Demographics

0–14 Years

13.84%

15–29 Years

17.12%

30–44 Years

24.72%

45–59 Years

19.9%

60+ Years

24.42%

Commute

21.13%

Transit

5.07%

Walk

55.57%

Drive

0.76%

Bike

Housing Ownership

44.69%

Owner Occupied

55.31%

Rental Units

Household Types

Single Family
18.32%
Multi Family
2.05%
Single Person
49.81%
Multi Person
50.19%

Average Income

Household:$10,264,398.23 /yr

Individual:$6,157,524.14 /yr

Education

Bachelors Degree32.47%
High School College10.18%
Diploma6.22%
Post Graduate34.57%
Others16.55%
Next

Education

Diploma6.22%
Post Graduate34.57%
Others16.55%
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  2. /Forest Park, IL
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    7240 Franklin St
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