NOT LISTED FOR SALE

5008 Florence Ave Downers Grove, IL 60515

6 Beds
3 Baths
-- Sq Ft
7,841 Sq Ft Lot

Last Sold October 28, 2020

Last sale price $378,000

338 Days on Market

Highlights

  • Traditional Architecture
  • 3-minute walk to Downers Grove Fairview Avenue Station
  • Patio
  • Lester Elementary School Rated A-
  • 2 Car Detached Garage
  • Baseboard Heating

About This Home

As of October 2020

Location, Location, Location! Attention buyers looking for owner occupied investment properties, builders and investors. This profitable 3 unit rental property is located just 2 blocks from the BNSF train station at Fairview in beautiful Downers Grove. Built as a 2 flat with a legal 1 bedroom addition, this property has loads of potential with solid masonry construction and great bones. Upper level unit is 3 bed, 1 bath, spacious kitchen, hardwood floors (also under carpet), and dual vanity bath. Lower level is 2 bed 1 bath. Addition is 1 bed/1 bath. All 3 units have heat included in rent via baseboard heaters/boiler. 2 Car Garage is oversized and allows lots of storage. 5 parking spots as is but 1 more could be added. Roof is approx 6 years old, masonry/tuck pointing is in great shape, all floors are solid and level (no sloping floors!), no uneven walls or cracks in ceiling. Great neighborhood, schools, shopping, commuting, easy access to highways. What more do you need? Keep as a rental or convert to single family home and keep 1BD as an in-law suite or rental to help pay the mortgage. See broker private remarks for additional details.

Last Agent to Sell the Property

Michael Meglei

Platinum Partners Realtors License #475180016 Listed on: 10/08/2019

Platinum Partners Realtors

Last Buyer's Agent

Hui Li

Charles Rutenberg Realty of IL License #475170817

Charles Rutenberg Realty of IL

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,018

Year Built

  • Built in 1957

Lot Details

  • 7,841 Sq Ft Lot
  • Lot Dimensions are 70x140

Parking

  • 2 Car Detached Garage
  • Garage Transmitter
  • Garage Door Opener
  • Parking Included in Price

Home Design

  • Traditional Architecture
  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Potential Bedrooms
  • 3 Bathrooms

Schools

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

Utilities

  • Baseboard Heating
  • Radiant Heating System
  • Lake Michigan Water

Additional Features

  • 2-Story Property
  • Patio

Community Details

  • 3 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,018

Year Built

Built in 1957

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Traditional
  • New Construction: No
  • Year Built: 1957
  • Age: 61-70 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service,Commuter Bus,Commuter Train
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Total Bathrooms: 3
  • Total Bedrooms: 6
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 3
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher

Exterior Features

  • ExteriorFeatures: Patio
  • List Price: 405000
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 2
  • ParkingTotal: 4
  • Garage Details: Garage Door Opener(s),Transmitter(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage,Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Baseboard, Radiant
  • Water Source: Lake Michigan

Schools

  • Elementary School: Lester Elementary School
  • High School: North High School
  • Middle/Junior School: Herrick Middle School
  • Middle/Junior School District: 58

Lot Info

  • Lot Size Acres: 0.18
  • Lot Dimensions: 70X140
  • Zoning: SINGL
  • 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: 8018
  • Tax Year: 2018

Multi Family

  • Units in Building: 3
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 2 Story Unit/s

Range of Values:

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Sold Price
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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
10/28/2020 10/28/20 Sold $378,000 -6.7% --
09/10/2020 09/10/20 Pending -- -- --
08/25/2020 08/25/20 Price Changed $405,000 -4.5% --
03/23/2020 03/23/20 For Sale $424,000 0.0% --
03/17/2020 03/17/20 Pending -- -- --
11/22/2019 11/22/19 Price Changed $424,000 -3.4% --
10/08/2019 10/08/19 For Sale $439,000 -- --
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: 10542181

Midwest Real Estate Data (MRED)