NOT LISTED FOR SALE

4900 Fairview Ave Downers Grove, IL 60515

9 Beds
10 Baths
-- Sq Ft
0.5 Acres

Last Sold July 10, 2018

Last sale price $850,000

2 Days on Market

About This Home

As of July 2018

It's been decades since the MLS has seen a Downers Grove building of this nature. This well maintained ten unit, consisting of two buildings, is known as "Hummer Creek Apartments" and features long-standing owners and is in an excellent location close to the Metra station and across the street from beautiful Hummer Park. There are nine units, each with 3 rooms, one bedroom, one modern bath and basement storage with access to (2) sets of coin-op washers and dryers. One unit is being used as a three-room office. All units have a private exterior entrance. Rents vary from $780-$960. The property is situated on approximately half an acre of land consisting of 3 lots with separate pin numbers. A rare investment opportunity!

Last Agent to Sell the Property

Paul Westel

Coldwell Banker Realty License #475093053 Listed on: 05/08/2018

Coldwell Banker Realty

Last Buyer's Agent

Rob Hayes

Platinum Partners Realtors License #475153333

Platinum Partners Realtors

Property Details

Home Type

  • Multi-Family

Year Built

  • 1959

Lot Details

  • 0.5

Home Design

  • Brick Exterior Construction
  • Slab Foundation

Unfinished Basement

  • Exterior Basement Entry
  • Crawl Space

Utilities

  • Cooling System Mounted In Outer Wall Opening

Listing and Financial Details

  • Tenant pays for electric

Property Details

Home Type

Multi-Family

Year Built

1959

Lot Details

0

Listing Details

  • Property Type: Multi Family 5+
  • Built Before 1978 (Y/N): Yes
  • Current Use: Residential-Multi-Family
  • Potential Use: Residential-Multi-Family
  • Zoning Type: MULTI
  • Estimated Age: Older
  • Net Operating Income Year: 2017
  • Outdoor Parking: 6-12 Spaces
  • Roof Structure: Gable
  • Total Monthly Income: 8550
  • Number of Ranges: 9
  • Number Of Refrigs: 9
  • Number Of Window A C: 9
  • Number Of Stories: 1
  • Estimated Year Built: 1959
  • Type Multi Family: Corridor-Exterior Entrance, Courtyard
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1
  • Year Built: 1959

Interior Features

  • Basement: Unfinished, Crawl, Exterior Access

Exterior Features

  • Foundation: Concrete
  • Exterior Building Type: Brick
  • Acreage: 0.5
  • Construction: Brick

Garage/Parking

  • Number Of Parking Spaces: 8

Utilities

  • Air Conditioner: Wall Sleeve
  • Heatventilation: Forced Air, Gas, Hot Water, Baseboard

Condo/Co-op/Association

  • Units in Building: 10

Fee Information

  • Electrical Service: Circuit Breakers

Lot Info

  • Lot Dimensions: 125X175
  • Parcel Identification Number: 0908224021

Rental Info

  • Gross Rental Income: 102600
  • Tenant Pays: Electric

Multi Family

  • Expense Year: 2017
  • Number Of Dryers: 2
  • Number Of Washers: 2

Tax Info

  • Taxes: 14698

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
07/10/2018 07/10/18 Sold $850,000 0.0% --
05/10/2018 05/10/18 Pending -- -- --
05/08/2018 05/08/18 For Sale $850,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD09943666

Midwest Real Estate Data (MRED)