2516 Elder Ln, Franklin Park, IL 60131
OFF MARKET

$291,500

Trulia Estimate
  • 2 Beds
  • 1 Bath
  • 968 sqft

2516 Elder Ln, Franklin Park, IL 60131

Refinance Your Home
Currently Off Market - Sold Mar 8, 2013 for $125,000

Home Value

Trulia Estimate
$292K
Since last month
Decreased$6K (-2%)
Since last year
Increased$18K (+6.7%)
Since last sale
Increased$167K (+133.2%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +102% in the last 10 years
MonthEstimated value
2026
August 2026$292K
August 2026$291K
July 2026$298K
June 2026$298K
May 2026$296K
April 2026$286K
March 2026$284K
February 2026$271K
January 2026$271K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
2609 Elder Ln, Franklin Park, IL
0.11
Single-Family Home
$330,000
04/23/26
2
1
1,285
2618 Elder Ln, Franklin Park, IL
0.18
Single-Family Home
$315,000
04/02/26
3
1
890
2644 Leona Ave, Franklin Park, IL
0.30
Single-Family Home
$306,000
01/05/26
2
1
1,138
2644 Leona St, Franklin Park, IL
0.30
Single-Family Home
$306,000
12/29/25
2
1
1,138
2709 Calwagner Ave, Franklin Park, IL
0.31
Single-Family Home
$290,000
07/22/26
2
1
882
2435 Nona Ave, Franklin Park, IL
0.17
Single-Family Home
$357,000
07/21/26
3
1
1,128
9625 Richard Ave, Franklin Park, IL
0.25
Single-Family Home
$290,000
05/14/26
3
1
1,173
2905 Louis St, Franklin Park, IL
0.54
Single-Family Home
$233,500
02/20/26
2
1
1,042
2632 Westbrook Dr, Franklin Park, IL
0.18
Single-Family Home
$328,000
11/26/25
3
1
1,228
2054 Scott St, Melrose Park, IL
0.59
Single-Family Home
$100,000
06/29/26
2
1
872

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
2532 N Elder Ln, Franklin Park, IL 60131
0.03
$286,000
2
1.5
-
Off Market
2520 Elder Ln, Franklin Park, IL 60131
0.01
$301,600
2
1
970
Off Market
2516 N Elder Ln, Franklin Park, IL 60131
0.00
$293,700
2
1
968
Off Market
2529 Elder Ln, Franklin Park, IL 60131
0.04
$403,400
3
2
1,438
Off Market
2530 Westbrook Dr, Franklin Park, IL 60131
0.06
$319,500
2
1.5
980
Off Market
2526 Westbrook Dr, Franklin Park, IL 60131
0.06
$379,200
3
1.5
1,125
Off Market
Address Not Disclosed, Franklin Park, IL 60131
0.06
$300,000
3
2
1,531
Recently Sold
2543 Elder Ln, Franklin Park, IL 60131
0.07
$353,400
3
1.5
1,200
Off Market
2520 W Westbrook Dr, Franklin Park, IL 60131
0.06
$345,600
3
1.5
-
Off Market
2497 Westbrook Dr, Franklin Park, IL 60131
0.05
$499,700
4
4
2,100
Off Market
2505 Silver Creek Dr, Franklin Park, IL 60131
0.09
$395,000
3
2
1,440
Off Market
2609 Elder Ln, Franklin Park, IL 60131
0.11
$330,000
2
1
1,285
Recently Sold

Local Information

  • Map ViewExplore the area around 2516 Elder Ln.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Single-Family Home
Built in 1946
968 sqft
$301/sqft
Garage

About this House

This single-family home is located at 2516 Elder Ln, Franklin Park, IL. 2516 Elder Ln is in Franklin Park, IL and in ZIP code 60131. This property has 2 bedrooms, 1 bathroom and approximately 968 sqft of floor space. This property has a lot size of 4860 sqft and was built in 1946.
2516 Elder Ln, Franklin Park, IL 60131 is a 2 bedroom, 1 bathroom, 968 sqft single-family home built in 1946. It last sold for $125,000 on Mar 8, 2013. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $291,500, with a rent estimate of $2,013/month.

Home Details for 2516 Elder Ln

Interior Features

Interior Details
BasementNumber of Rooms: 5Types of Rooms: Family RoomCeiling Fan
Heating & Cooling
Heating: Forced Air, GasAir ConditioningCooling System: CentralHeating Fuel: Forced Air
Levels, Entrance, & Accessibility
Stories: 2Floors: Hardwood, Linoleum Vinyl

Exterior Features

Exterior Home Features
Roof: AsphaltExterior: Brick
Parking & Garage
GarageParking Space: 1Parking: Garage Attached

Property Information

Year Built
Year Built: 1946
Property Type / Style
Property Type: Single Family Home

Community

Units in Building: 1

Lot Information

Lot Area: 4860 sqft

Price and Tax history

DateEventPrice
Mar 8, 2013
Source: N/A
Sold
$125,000
Jan 14, 2013
Source: Agent Provided
Pending
$125,000
Jan 11, 2013
Source: Agent Provided
PriceChange
$125,000
Price decreased by 7%
Nov 1, 2012
Source: Agent Provided
PriceChange
$134,900
Price decreased by 4%
Sep 17, 2012
Source: Agent Provided
PriceChange
$139,900
Price increased by 8%

Market trends in Franklin Park

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
24
8MoM

Around this home

What Locals Say about Franklin Park

At least 128 Trulia users voted on each feature.

  • 85 % Say there are sidewalks

  • 81 % Say yards are well-kept

  • 79 % Say it's dog friendly

  • 72 % Say there's holiday spirit

  • 72 % Say parking is easy

  • 71 % Say it's walkable to grocery stores

  • 70 % Say streets are well-lit

  • 68 % Say it's walkable to restaurants

  • 68 % Say kids play outside

  • 67 % Say car is needed

  • 66 % Say people would walk alone at night

  • 59 % Say they plan to stay for at least 5 years

  • 56 % Say it's quiet

  • 43 % Say there's wildlife

  • 41 % Say neighbors are friendly

  • 35 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Jumpnlobo
    "I’m not a dog owner but there are many people walking around with their dogs, Franklin Park is very safe"
    0
    Flag
  • Aaron M.
    "Railroad days , car shows , street festivals. There’s something unique about FP. I grew up here and i honestly would not plant to leave any time soon. "
    0
    Flag
  • Darlene Slowik
    "N/A Neighbor are plotting against certain others. You may think you can trust until the click starts. Neighbors with titles of city officials threaten."
    0
    Flag
  • Jumpnlobo
    "Franklin Park is a safe place for families, the schools are close by and district 83 and East Leyden high school are great schools."
    0
    Flag
  • Darlene Slowik
    "Neighbors watching for each one and have cams in their front windows. Sometimes they single out specific homes."
    0
    Flag
  • Carlos Hernandez
    "Franklin park is a great area to live in, you literally get nice quiet neighborhoods with lots of parking, lots of parks, stores all over the place and very safe."
    0
    Flag
  • Mlaboy88
    "Most neighbors look out for each other. The kids are able to ride bikes and play on the block without feeling scared. "
    0
    Flag
  • Lj012
    "friendly people, clean, pet friendly. Carnivals once a year. Small town, music in the park. Fireworks "
    1
    Flag
  • Roxana Z.
    "Downtown area people are friendly everyone knows everyone very peaceful beautiful walks enjoy different parks "
    0
    Flag
  • Heather D. R.
    "Lots of area and space for different walking routes. All dogs are usually walked by owners on a leash and cleaned-up after"
    2
    Flag
  • Liz H.
    "Friendly community Great schools Safety neighborhood Hight tax but worth it Police give a lot of tickets "
    2
    Flag
  • Roschelyortiz
    "lived here for 4 months great neighbors elementary school pick-up for both junior high and Elementary "
    1
    Flag
  • Marie B.
    "Fast quick simple very clean schools nearby and shopping Plenty of restaurants and churches and ice rink and pool and clean fun parks "
    1
    Flag
  • Jimenez.ana33.aj
    "there are great parks and great schools around the areas. Neighborhood is very friendly and help each other within the community "
    1
    Flag
  • Jose A. C.
    "the trains make this neighborhood unique. you know you are in Franklin park when your hearing the cargo train horns at 2am blasting all night. I'm use to it. I don't mind."
    0
    Flag
  • Tierraminor
    "This is a mixed community. All that I've met has been nice. The parks are great... They offer a lot of activities. "
    0
    Flag
  • Kayflo1981
    "I moved in 4 months ago the neighborhood is ok...I don't really think it's unique, I think it's a railroad town, with good schools. my mother has lived here for 20 years and loves it! I guess I'm just getting used to it."
    0
    Flag
  • Angel9484sol
    "very quite and peaceful area. Only major noise through the night are the trains, but you get use to it. "
    0
    Flag
  • Justeasingsalon
    "You see people walking dogs all the time but never see kids playing outside , everyone is too busy playing video games except for my son "
    0
    Flag
  • Tierraminor
    "it is a great place to live and great ppl with a lot of companies near by... I have lived here for 2 yrs and dont plan on moving "
    0
    Flag
  • olieb
    "i live here, excellent park for children - water feature basketball court and t-ball swings and sand box picnic tables and benches"
    0
    Flag

LGBTQ Local Legal Protections

Frequently asked questions about 2516 Elder Ln

  • What is 2516 Elder Ln estimated to be worth?
    Trulia's estimated value for 2516 Elder Ln in Franklin Park, IL is $291,500.
  • What is the price history for 2516 Elder Ln?
    2516 Elder Ln in Franklin Park, IL last sold for $125,000 in March 2013.
  • Is Franklin Park a buyer's or seller's market?
    Franklin Park is currently a seller's market, based on recent for-sale activity.
  • What do residents say about Franklin Park?
    Residents describe Franklin Park, IL as pedestrian-friendly, well-kept, and dog-friendly. See recently sold homes in Franklin Park, IL.
  • Does 2516 Elder Ln have air conditioning?
    Yes, 2516 Elder Ln in Franklin Park, IL has air conditioning.
  • How big is the lot at 2516 Elder Ln?
    The lot at 2516 Elder Ln in Franklin Park, IL is about 0.11 acres (4,860 sq ft).

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