NOT LISTED FOR SALE

4948 Florence Ave Downers Grove, IL 60515

Estimated Value: $563,000 - $738,000

5 Beds
3 Baths
-- Sq Ft
10,890 Sq Ft Lot

Sale Details

Date Sold: June 30, 2016

Last sale price $329,900

Est. 87% increase in value since last sale

Current estimated payment $4,012 / mo

6 Days on Market

Highlights

  • Deck
  • 4-minute walk to Downers Grove Fairview Avenue Station
  • Farmhouse Style Home
  • Lester Elementary School Rated A-
  • Recreation Room
  • 3 Car Detached Garage

About This Home

As of June 2016

Opportunity is Knocking for this Fabulous Investment Property with many Possibilities. This Two Flat is Located in Desirable Downers Grove and in DGN High School. Just a Block away from the Metra. 1st Floor offers Kitchen, Dining Room with SGD to private deck, Living Room, 3 Bedrooms, 2 Baths, Huge Rec Room and 2 Car Garage. 2nd Floor offers 2 Bedrooms, 1 Bath, Eat-In Kitchen plus one Car Garage. Wonderful Opportunity for Related Living, Investment or In-Law. Above the 3 Car Garage is a Enormous Loft for Storage. Coin Laundry. Convenient Location to Shopping, Schools, Town, 355, I88 and much more.

Last Agent to Sell the Property

Kelly Norton

Baird & Warner License #475127841 Listed on: 05/02/2016

Baird & Warner

Last Buyer's Agent

Susan Nagel

L.W. Reedy Real Estate License #471007478

L.W. Reedy Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,756

Year Built

  • Built in 1908

Lot Details

  • Lot Dimensions are 82x133
  • Paved or Partially Paved Lot

Parking

  • 3 Car Detached Garage
  • Garage Transmitter
  • Garage Door Opener
  • Parking Space is Owned

Home Design

  • Farmhouse Style Home
  • Asphalt Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • Ceiling Fan
  • Entrance Foyer
  • Recreation Room
  • Loft

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Potential Bedrooms
  • 3 Bathrooms

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Outdoor Features

  • Deck

Schools

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

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Lake Michigan Water
  • Cable TV Available

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,756

Year Built

Built in 1908

Lot Details

0.25 Acres

Parking

3

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Farmhouse
  • New Construction: No
  • Year Built: 1908
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service,Commuter Bus,Commuter Train,Interstate Access
  • Rehab (Y/N): Yes
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Walkout
  • Total Bathrooms: 3
  • Total Bedrooms: 5
  • Other Equipment: TV-Cable, Ceiling Fan(s)
  • Room Type: Kitchen, Foyer, Loft, Recreation Room
  • Basement Description: Finished
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Microwave,Disposal,Central Air Conditioner,Garage/Space,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Microwave,Central Air Conditioner,Garage/Space,Walk-In Closet

Exterior Features

  • ExteriorFeatures: Deck
  • Foundation Details: Concrete Perimeter
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding

Garage/Parking

  • Garage Spaces: 3
  • ParkingTotal: 3
  • Garage Details: Garage Door Opener(s),Transmitter(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Forced Air
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights, Street Paved

Schools

  • Elementary School: LESTER ELEMENTARY SCHOOL
  • High School: NORTH HIGH SCHOOL
  • Middle/Junior School: HERRICK MIDDLE SCHOOL

Lot Info

  • Lot Dimensions: 82X133
  • Zoning: MULTI
  • Lot Size: .25-.49 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10

Tax Info

  • Tax Annual Amount: 5756
  • Tax Year: 2014

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 2 Flat

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 10, 2023
Sold by
Strezo Larry and Strezo Terri
Bought by
Tatl Investments Llc
Current Estimated Value
$617,252

Purchase Details

Listed on
May 2, 2016
Closed on
Jun 21, 2016
Sold by
Countryside Bank
Bought by
Strezo Larry and Strezo Terri
Seller's Agent
Kelly Norton
Baird & Warner
Buyer's Agent
Susan Nagel
L.W. Reedy Real Estate
List Price
$329,900
Sold Price
$329,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.97%
Original Mortgage
$247,425
Interest Rate
4.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 17, 2005
Sold by
West Suburban Bank
Bought by
Page Edward G and Page Betty A
Source: Public Records
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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
Tatl Investments Llc -- None Listed On Document
Strezo Larry $330,000 Baird & Warner Title Svcs In
Page Edward G -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Strezo Larry $247,425
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/30/2016 06/30/16 Sold $329,900 0.0% --
05/08/2016 05/08/16 Pending -- -- --
05/02/2016 05/02/16 For Sale $329,900 -- --
Source: Midwest Real Estate Data (MRED)

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 $8,602 $150,258 $67,346 $82,912
2023 $8,211 $138,130 $61,910 $76,220
2022 $7,809 $132,680 $59,470 $73,210
2021 $7,312 $131,170 $58,790 $72,380
2020 $7,183 $128,580 $57,630 $70,950
2019 $6,968 $123,380 $55,300 $68,080
2018 $6,732 $117,780 $54,930 $62,850
2017 $6,530 $113,340 $52,860 $60,480
2016 $6,415 $108,170 $50,450 $57,720
2015 $5,744 $91,840 $47,460 $44,380
2014 $5,756 $89,290 $46,140 $43,150
2013 $5,640 $88,870 $45,920 $42,950
Source: Public Records

Agents Affiliated with this Home

  • Kelly Norton

    Seller's Agent in 2016

    Kelly Norton

    Baird Warner

    (630) 915-8383

    1 in this area

    20 Total Sales

    Kelly Norton
    Section Image
  • Susan Nagel

    Buyer's Agent in 2016

    Susan Nagel

    L.W. Reedy Real Estate

    (630) 921-0833

    59 Total Sales

    Susan Nagel
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 09212055

Midwest Real Estate Data (MRED)

APN: 09-09-110-023

Illinois DuPage County Downers Grove 60515

4948 Florence Ave, Downers Grove, IL

Not Listed for Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Midwest Real Estate Data (MRED) Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Based on information submitted to the MLS GRID

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