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Listing provided courtesy of L.W. Reedy Real EstateMREDas Distributed by MLSGrid- MLS# 12669672MLS Provider

311 E Franklin AvenueLa Grange, IL 60525

Single Family · 2 Beds · 1 Full Bath · 1,056 Sq. ft.
$350,000 Active

311 E Franklin Avenue Overview

Time on Site:
24 days
Visits:
0

Exceptional opportunity for investor to secure a prime piece of real estate in highly desirable downtown La Grange. This 50x134 double lot (2 PINs) offers strong potential for new construction with alley access or long-term value appreciation. Ideally located near dining, shopping, and Metra. A unique chance to create a luxury residence in one of the western suburbs' most desirable communities. Drive-by only. No interior access to the existing structure. Please contact the listing agent before walking the property.

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311 E Franklin Avenue Facts & Features

  • Type Single Family
  • Sq. ft. 1,056
  • Price/Sq.ft. $331

Details

General

Association/HOA

  • Association Fee Frequency: Not Applicable
  • Association Fee Includes: None

School Information

  • School District: 204
  • High School: Lyons Twp High School

Building Information

  • New Construction: No
  • Year Built: 1887

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: La Grange
  • Township: Lyons

Tax Information

  • Tax Annual Amount: $5,763.94
  • Tax Year: 2023

General Information

  • Ownership: Fee Simple
  • Parcel Number: 18042240180000
  • Property Type: Residential
  • Special Listing Conditions: None

Interior

Building Information

  • Approx. Total Finished SqFt.: 0
  • Disability Access: No
  • Total SqFt.: 0

Parking Information

  • Garage Spaces: 2

Beds/Baths

  • Bathrooms Full: 1
  • Bathrooms Half: 0
  • Bathrooms Total: 1
  • Bedrooms Total: 2
  • Bedrooms Possible: 2

General Information

  • Basement: Crawl Space
  • Cooling: Central Air
  • Heating: Steam
  • Living Area: 1056
  • Living Area Source: Assessor
  • Rooms Total: 5

Exterior

Parking Information

  • Parking Features: Yes, Detached, Garage
  • Parking Total: 2

Lot Information

  • Additional Parcels: Yes
  • Lot Size Dimensions: 50X134
  • Water Source: Public

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Construction Materials: Vinyl Siding

General Information

  • Sewer: Public Sewer

Room Information

Room: Bedroom 2

  • Level: Main
  • Dimensions: 10X7

Room: Dining Room

  • Level: Main
  • Dimensions: 15X12

Room: Kitchen

  • Level: Main
  • Dimensions: 12X12

Room: Living Room

  • Level: Main
  • Dimensions: 15X12

Room: Master Bedroom

  • Level: Main
  • Dimensions: 12X7

  • Level: N/A

  • Level: N/A

  • Level: N/A

  • Level: N/A

  • Level: N/A

  • Level: N/A

  • Level: N/A

  • Level: N/A

  • Level: N/A

  • Level: N/A

Room: Bedroom 3

  • Level: N/A

Room: Bedroom 4

  • Level: N/A

Room: Family Room

  • Level: N/A

Room: Laundry

  • Level: N/A

311 E Franklin Avenue Neighborhood

Community

60525 (La Grange) Demographics

44
Median Age
2,399
Population Density (per sq. mile)
56%
College Educated
$92,031
Estimated Median Income
9,445
Estimated Total Home Owners
2,250
Estimated Total Renters
81% / 19%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

311 E Franklin Avenue Monthly Cost

$
$ %
%
$
$
Corinne Guerra
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

311 E Franklin Avenue Market Data

Based on the last 30 days in this zip code

$716,245
Average List Price
$349
Average Price per Square Foot
23
Properties Sold
44
Average Days on Market
102
Properties for Sale
Calculations provided by Reliance Network

311 E Franklin Avenue History

Date Event Value Agent
6/10/2026Source: MRED Status Change
Active
6/7/2026Source: MRED Status Change
Active
6/5/2026Source: MRED Added to Database
June 05, 2026
6/2/2026Source: MRED Price Reduction
$350,000 -12.5%
6/2/2026Source: MRED Status Change
Price Change
4/19/2026Source: MRED Status Change
Active
4/14/2026Source: MRED Added to Database
April 14, 2026