$989,500
SOLD MAY 1, 2025

4841 Prospect Ave Downers Grove, IL 60515

4 Beds
4 Baths
3,701 Sq Ft
6,098 Sq Ft Lot

Recently Sold

$267 Per Sq Ft

16% Above List Price

3 Days on Market

Highlights

  • Open Floorplan
  • Landscaped Professionally
  • Center Hall Plan
  • Lester Elementary School Rated A-
  • Property is near a park
  • Traditional Architecture

About This Home

As of May 2025

Highly desired location for this 5 bedroom, 4 bath Downers Grove home! Situated on a pretty, tree-lined street within blocks to Washington Park, Downtown Downers Grove shops, restaurants and the Metra train station. With 9ft ceilings, recessed lighting and hardwood floors throughout the 1st floor, this 2005, expanded and renovated 2-story has a wonderful open floor plan perfect for entertaining and everyday living. The beautiful open kitchen refreshed in 2023, featuring its 7ft island, informal dining and abundant cabinet and counter space is at the heart of the home. Access the paver patio with gas grill hook-up and fenced yard from French doors. Adjacent is the living room with stone fireplace and bank of double hung windows. Also included on the 1st floor is bedroom or office, full bath, mudroom with cubbies and separate formal dining room. The finished basement includes 5th bedroom with egress window, full bath, family room/recreation room, laundry room and large storage room. The oversized primary suite features sitting area, private bath, walk-in + additional closet. Hall bath with double sinks and separate shower room has pretty arched window focal point. 2 HVAC systems, 2-car attached garage. New carpeting and paint (2025), Washer(2023), 1st floor AC(2017), Range, DW, HW Heater (2016), Dryer(2012). Sellers need occupancy until late June.

Last Agent to Sell the Property

Maureen Rooney

Keller Williams Premiere Properties License #475142114 Listed on: 02/26/2025

Keller Williams Premiere Properties

Co-Listed By

Kathy Quaid

Keller Williams Premiere Properties License #475129365

Last Buyer's Agent

Stephanie Pellegrino

Platinum Partners Realtors License #475141667

Platinum Partners Realtors

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,847

Year Built

  • Built in 1949 | Remodeled in 2005

Lot Details

  • Lot Dimensions are 125x50
  • Fenced
  • Landscaped Professionally
  • Paved or Partially Paved Lot

Parking

  • 2 Car Garage
  • Driveway
  • Parking Included in Price

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Asphalt Roof
  • Concrete Block And Stucco Construction
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,701 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Ceiling Fan
  • Skylights
  • Gas Log Fireplace
  • Double Pane Windows
  • Center Hall Plan
  • Mud Room
  • Entrance Foyer
  • Family Room
  • Living Room with Fireplace
  • Breakfast Room
  • Formal Dining Room
  • Storage Room
  • Carbon Monoxide Detectors

Kitchen

  • Range with Range Hood
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 5 Potential Bedrooms
  • Main Floor Bedroom
  • Walk-In Closet
  • Bathroom on Main Level
  • 4 Full Bathrooms
  • Dual Sinks
  • Soaking Tub
  • Shower Body Spray

Laundry

  • Laundry Room
  • Dryer
  • Washer
  • Sink Near Laundry

Basement

  • Basement Fills Entire Space Under The House
  • Finished Basement Bathroom

Schools

  • Lester Elementary School
  • Herrick Middle School
  • North High School

Utilities

  • Forced Air Heating and Cooling System
  • Two Heating Systems
  • Heating System Uses Natural Gas
  • Lake Michigan Water
  • Gas Water Heater

Additional Features

  • Patio
  • Property is near a park

Listing and Financial Details

  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,847

Year Built

Built in 1949 | Remodeled in 2005

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 2 Stories
  • Ownership: Fee Simple
  • ArchitecturalStyle: Traditional
  • New Construction: No
  • Property Sub-Type: 2 Stories
  • Year Built: 1949
  • Age: 71-80 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: Commuter Train,Interstate Access
  • Rebuilt (Y/N): Yes
  • Rehab (Y/N): Yes
  • Rehab Year: 2005
  • New Construction Y/N: No
  • Rebuilt Year: 2005
  • Actual Status: Closed
  • ResoPropertyType: Residential
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: Detached
  • Year Renovated: 2005

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal, Stainless Steel Appliance(s), Range Hood, Humidifier
  • Basement: Finished, Full
  • Full Bathrooms: 4
  • Total Bathrooms: 4
  • Total Bedrooms: 4
  • Fireplace Features: Gas Log
  • Fireplaces: 1
  • Flooring: Hardwood
  • Interior Amenities: 1st Floor Bedroom, 1st Floor Full Bath, Walk-In Closet(s), Center Hall Plan, High Ceilings, Open Floorplan
  • LivingArea: 3701
  • Other Equipment: CO Detectors, Ceiling Fan(s), Water Heater-Gas
  • Room Type: Foyer, Storage, Mud Room, Walk In Closet, Breakfast Room, Bedroom 5
  • Window Features: Skylight(s)
  • Estimated Total Finished Sq Ft: 0
  • Bathroom Amenities: Double Sink,Full Body Spray Shower,Soaking Tub
  • Basement Bathrooms: Yes
  • Below Grade Bedrooms: 1
  • Dining Room: Separate
  • Fireplace Location: Living Room
  • Total Sq Ft: 1334
  • Door Features: French Doors,Panel Door(s)
  • Window Features: Double Pane Windows
  • Flooring: Carpet
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Construction Materials: Brick, Concrete
  • Fencing: Fenced
  • Foundation Details: Concrete Perimeter
  • Lot Features: Landscaped
  • Patio And Porch Features: Patio
  • Roof: Asphalt
  • Waterfront: No

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Concrete, Garage Door Opener, On Site, Garage Owned, Attached, Garage
  • ParkingTotal: 2

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Electric: Circuit Breakers
  • Heating: Natural Gas, Forced Air, Sep Heating Systems - 2+
  • Laundry Features: Gas Dryer Hookup, Sink
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Community Features: Park, Curbs, Sidewalks, Street Lights, Street Paved
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Lester Elementary School
  • High School: North High School
  • Middle/Junior School: Herrick Middle School

Lot Info

  • Lot Dimensions: 125X50
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 11847
  • Tax Year: 2023
  • Tax Exemptions: Homeowner

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 26, 2025
Closed on
May 8, 2025
Sold by
Oconnell Mark R and Oconnell Rosemary C
Bought by
Papenhagen Jennifer
Seller's Agent
Maureen Rooney
Keller Williams Premiere Properties
Buyer's Agent
Stephanie Pellegrino
Platinum Partners Realtors
List Price
$850,000
Sold Price
$989,500
Premium/Discount to List
$139,500
16.41%
Views
74
Current Estimated Value
$999,931

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$10,431
Avg. Annual Appreciation
1.63%
Original Mortgage
$370,000
Outstanding Balance
$368,651
Interest Rate
6.5%
Mortgage Type
New Conventional
Estimated Equity
$631,280

Purchase Details

Closed on
Apr 7, 1994
Sold by
Clingen Kenneth W and Clingen Susan E
Bought by
Connell Mark R O and Connell Rosemary C O

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$137,700
Interest Rate
7.35%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $989,500 Advocus National Title Insuran
Joint Tenancy Deed $153,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $370,000 New Conventional
Previous Owner $137,700 No Value Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/01/2025 05/01/25 Sold $989,500 +16.4% $267 / Sq Ft
03/02/2025 03/02/25 Pending -- -- --
02/26/2025 02/26/25 For Sale $850,000 -- $230 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $12,452 $225,501 $57,893 $167,608
2023 $11,847 $207,300 $53,220 $154,080
2022 $11,199 $196,280 $50,390 $145,890
2021 $10,483 $194,050 $49,820 $144,230
2020 $10,291 $190,200 $48,830 $141,370
2019 $9,968 $182,500 $46,850 $135,650
2018 $9,475 $171,780 $46,610 $125,170
2017 $9,177 $165,300 $44,850 $120,450
2016 $9,000 $157,750 $42,800 $114,950
2015 $8,908 $148,420 $40,270 $108,150
2014 $8,685 $140,740 $35,590 $105,150
2013 $8,509 $140,080 $35,420 $104,660
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12290104

Midwest Real Estate Data (MRED)

APN: 09-08-204-020