NOT LISTED FOR SALE

4940 Highland Ave Unit 2 Downers Grove, IL 60515

Estimated Value: $658,000 - $791,000

2 Beds
1 Bath
800 Sq Ft
$881/Sq Ft Est. Value

Highlights

  • Wood Flooring
  • 2-minute walk to Downers Grove Main Street Station
  • Living Room
  • Lester Elementary School Rated A-
  • Porch
  • Laundry Room

About This Home

As of June 2021

*** Open home will be held Sunday, May 23 from 11am to 1pm. *** Second floor, 2 bedroom, 1 bathroom apartment in the heart of Downtown Downers Grove! Shared laundry in basement of home with direct access from the 2nd floor apartment, additional storage space in the attic. One minute walk to train making this the perfect rental. Tenant is responsible for garbage, all other utilities, snow removal and lawn care are included in rent price! Low inventory market so don't wait to tour, this unit will not last long. ****Applicants must have a minimum credit score of 650 and income must be three times the amount of rent. Background and credit check via SmartMove will be conducted for all applicants over the age of 18, $40 nonrefundable fee will apply. Please submit 2 months of pay stubs and copies of State ID or Driver's License for all applicants with application. **** This is a non-smoking unit and pets are not allowed.

Last Agent to Rent the Property

Micah Kirstein

john greene, Realtor License #475165445 Listed on: 05/18/2021

john greene, Realtor

Last Renter's Agent

Micah Kirstein

john greene, Realtor License #475165445 Listed on: 05/18/2021

john greene, Realtor

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,271

Year Built

  • Built in 1892

Lot Details

  • 6,970

Home Design

  • Property Attached
  • Frame Construction

Interior Spaces

  • 800 Sq Ft Home
  • 2-Story Property
  • Family Room
  • Living Room
  • Dining Room
  • Storage
  • Laundry Room
  • Wood Flooring
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • 1 Full Bathroom

Parking

  • 2 Parking Spaces
  • Driveway
  • Uncovered Parking
  • Parking Included in Price

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Additional Features

  • Porch
  • Lot Dimensions are 50x141x50x139

Listing and Financial Details

  • Security Deposit $1,350
  • Property Available on 7/1/21
  • Rent includes gas, electricity, heat, water, lawn care, snow removal
  • 12 Month Lease Term

Community Details

Pet Policy

  • No Pets Allowed

Additional Features

  • 2 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,271

Year Built

Built in 1892

Lot Details

0

Rental Info

  • Available Date: 2021-07-01
  • Lease Term: 12 Months
  • Board Approval: No
  • Board Number: 10
  • Pets Allowed (Y/N): No
  • Type of Rental Property: Attached
  • Rental Price: 1350
  • Security Deposit: 1350
  • Is Parking Included in Price: Yes
  • Fees/Approvals: Credit Report,Refundable Damage Deposit

Listing Details

  • Property Type: Residential Lease
  • Property Type: Residential Lease
  • Type Attached: Vintage
  • Property Sub-Type: Attached
  • Year Built: 1892
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: Commuter Train
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Unit Floor Level: 2
  • New Construction Y/N: No
  • ResoPropertyType: ResidentialLease
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Basement: Full
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 2
  • Furnished: No
  • Interior Amenities: Hardwood Floors, Storage
  • LivingArea: 800
  • Room Type: No additional rooms
  • Stories Total: 2
  • Estimated Total Finished Sq Ft: 0
  • Assessed Sq Ft: 2401
  • Basement Description: Unfinished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 0
  • Total Sq Ft: 0
  • ResoLivingAreaSource: Estimated

Exterior Features

  • ExteriorFeatures: Porch
  • List Price: 1350
  • Lot Features: Sidewalks, Streetlights
  • Waterfront: No
  • Exterior Building Type: Frame

Garage/Parking

  • Parking Features: Driveway
  • ParkingTotal: 2
  • Number of Cars: 2
  • Driveway: Asphalt
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: N/A

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Natural Gas
  • Laundry Features: Common Area
  • Water Source: Public

Condo/Co-op/Association

  • Pets Allowed: No
  • Rent Includes: Gas, Electricity, Heat, Water, Lawn Care, Snow Removal

Schools

  • Middle/Junior School District: 58

Lot Info

  • Lot Dimensions: 50X141X50X139
  • Rural (Y/N): N

Multi Family

  • Units in Building: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 27, 2025
Sold by
Edward B Novak Trust and Gertrude M Novak Living Trust
Bought by
4940-4944 Highland Llc
Current Estimated Value
$705,110

Purchase Details

Closed on
Aug 2, 1995
Sold by
Harris Bank Naperville
Bought by
Teh Edward B Novak Living Trust
Source: Public Records

Range of Values:

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Average Value
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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 Buyer Sale Price Title Company
4940-4944 Highland Llc -- None Listed On Document
Teh Edward B Novak Living Trust -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/12/2021 06/12/21 Rented -- -- --
06/04/2021 06/04/21 Under Contract -- -- --
05/18/2021 05/18/21 For Rent $1,350 -- --
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 $10,271 $179,400 $61,036 $118,364
2023 $9,803 $164,920 $56,110 $108,810
2022 $9,191 $156,160 $53,130 $103,030
2021 $8,607 $154,390 $52,530 $101,860
2020 $8,454 $151,330 $51,490 $99,840
2019 $8,200 $145,200 $49,400 $95,800
2018 $7,644 $133,740 $49,140 $84,600
2017 $7,415 $128,700 $47,290 $81,410
2016 $7,285 $122,830 $45,130 $77,700
2015 $7,228 $115,560 $42,460 $73,100
2014 $6,741 $104,580 $37,530 $67,050
2013 $6,606 $104,090 $37,350 $66,740
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11085833

Midwest Real Estate Data (MRED)

APN: 09-08-117-021