$755,000
SOLD MAY 29, 2025
9 Beds
5 Baths
-- Sq Ft
3,049 Sq Ft Lot

Recently Sold

13% Below List Price

12 Days on Market

Highlights

  • Contemporary Architecture
  • Property is near a park
  • 8 Car Direct Access Garage
  • Holmes Elementary School Rated A-
  • Balcony
  • Intercom

About This Home

As of May 2025

Remodeled brick 4-flat income property in Downers Grove South School District. Long term tenants. This is the arm chair investment. Three units are 2 bedroom/1 bath, and one unit is two-level, 3 bedroom/2 bath. New boiler 2020. New hard floor and cabinets throughout. Basement laundry room and storage units. Upscale and quiet location. Spacious apartments with plenty of windows and storage.

Last Agent to Sell the Property

Tamara Verdin

Prello Realty License #475196270 Listed on: 03/18/2025

Last Buyer's Agent

Tamara Verdin

Prello Realty License #475196270 Listed on: 03/18/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,286

Year Built

  • Built in 1976 | Remodeled in 2024

Lot Details

  • 3,049 Sq Ft Lot
  • Lot Dimensions are 58x56
  • Paved or Partially Paved Lot
  • Level Lot

Home Design

  • Contemporary Architecture
  • Asphalt Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • Ceiling Fan
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 9 Potential Bedrooms
  • 5 Bathrooms

Home Security

  • Intercom
  • Carbon Monoxide Detectors

Parking

  • 8 Car Direct Access Garage
  • Driveway
  • Additional Parking
  • Parking Lot
  • Off-Street Parking
  • Parking Included in Price
  • Unassigned Parking

Schools

  • Maercker Elementary School

Utilities

  • Zoned Heating
  • Baseboard Heating
  • Heating System Uses Steam
  • Heating System Uses Natural Gas
  • Individual Controls for Heating
  • Lake Michigan Water

Additional Features

  • Balcony
  • Property is near a park

Community Details

Overview

  • 4 Units
  • Willow West Subdivision

Building Details

  • Electric Expense $302
  • Fuel Expense $2,038
  • Insurance Expense $1,496
  • Maintenance Expense $2,500
  • Water Sewer Expense $2,933
  • Gross Income $76,140
  • Net Operating Income $49,503

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,286

Year Built

Built in 1976 | Remodeled in 2024

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple w/ HO Assn.
  • ArchitecturalStyle: Contemporary
  • New Construction: No
  • Subdivision Name: Willow West
  • Year Built: 1976
  • Age: 41-50 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service,Commuter Bus
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2024
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2024

Interior Features

  • Basement: Partially Finished, Exterior Entry, 8 ft + pour, Sleeping Area, Full
  • Total Bathrooms: 5
  • Total Bedrooms: 9
  • Other Equipment: Intercom, CO Detectors, Ceiling Fan(s)
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 5
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Window Air Conditioner,Range Hood,Skylights/Windows
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Window Air Conditioner,Range Hood,Skylights/Windows
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Window Air Conditioner,Range Hood,Skylights/Windows
  • AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Window Air Conditioner,Range Hood,Skylights/Windows
  • Room: 5

Exterior Features

  • Construction Materials: Brick Veneer
  • ExteriorFeatures: Balcony, Lighting
  • Foundation Details: Concrete Perimeter
  • List Price: 870000
  • Lot Features: Level
  • Roof: Asphalt
  • Waterfront: No

Garage/Parking

  • Parking Features: Unassigned, Off Street, Driveway, Direct Access, Additional Parking, Parking Lot, On Site, Owned
  • ParkingTotal: 8

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Steam, Baseboard, Indv Controls, Zoned
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Community Features: Park, Sidewalks, Street Lights, Street Paved

Fee Information

  • Water Sewer Expenses: 2933
  • Other Expenses $: 6240

Schools

  • Elementary School: Maercker Elementary School
  • Middle/Junior School District: 201

Lot Info

  • Lot Size Acres: 0.07
  • Lot Dimensions: 58X56
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Is Parking Included in Price: Yes
  • TenantPays: Electric

Multi Family

  • Net Operating Income: 49503
  • Fuel Expense: 2038
  • Insurance Expense: 1496
  • ElectricExpense: 302
  • GrossIncome: 76140
  • Maintenance Expense: 2500
  • Units in Building: 4
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 4 Flat,1 Story Unit/s,2 Story Unit/s

Tax Info

  • Tax Annual Amount: 10286.24
  • Tax Year: 2023

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/29/2025 05/29/25 Sold $755,000 -13.2% --
04/01/2025 04/01/25 Pending -- -- --
03/19/2025 03/19/25 For Sale $870,000 +15.2% --
03/13/2025 03/13/25 Off Market $755,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12311184

Midwest Real Estate Data (MRED)