NOT LISTED FOR SALE

5241 Lyman Ave Downers Grove, IL 60515

Estimated Value: $798,478 - $1,162,000

4 Beds
2.5 Baths
3,800 Sq Ft
$256/Sq Ft Est. Value

Highlights

  • Mud Room
  • 2 Car Detached Garage
  • Laundry Room
  • Whittier Elementary School Rated A-
  • Living Room
  • 1-minute walk to Randall Park

About This Home

As of December 2022

Beautifully restored executive rental in the heart of Downtown Downers Grove Historical district is available for the first time in over 60 years! Walk to train,Desirable Randall Park neighborhood,Whittier Elementary,Herrick Middle School and Downers Grove North High School. 4 Bed / 3 bath home is on a double lot with a detached garage,exposed brick,original millwork,2nd floor laundry,and more!

Last Agent to Rent the Property

Michael Lane

Green Street Capital LTD License #471002035 Listed on: 11/25/2022

Last Renter's Agent

Stephanie Alfini

Baird & Warner License #475199505

Baird & Warner

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,405

Year Built

  • Built in 1894

Lot Details

  • Lot Dimensions are 125x140

Parking

  • 2 Car Detached Garage

Interior Spaces

  • 3,800 Sq Ft Home
  • 3-Story Property
  • Mud Room
  • Family Room
  • Living Room
  • Dining Room
  • Finished Basement
  • Basement Fills Entire Space Under The House
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms

Schools

  • Whittier Elementary School
  • Herrick Middle School
  • North High School

Utilities

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

Listing and Financial Details

  • Security Deposit $3,995
  • Property Available on 11/25/22

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,405

Year Built

Built in 1894

Lot Details

0

Parking

2

Rental Info

  • Available Date: 2022-11-25
  • Board Number: 10
  • Pets Allowed (Y/N): Yes
  • Type of Rental Property: Detached
  • Rental Price: 3995
  • Security Deposit: 3995
  • Max Pet Weight: 50

Listing Details

  • Property Type: Residential Lease
  • Property Type: Residential Lease
  • Type Detached: 3 Stories
  • Property Sub-Type: Detached
  • Year Built: 1894
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: Historical District,Non-Smoking House
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialLease
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Full
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Total Bedrooms: 4
  • LivingArea: 3800
  • Room Type: Mud Room
  • Estimated Total Finished Sq Ft: 0
  • Assessed Sq Ft: 0
  • Basement Description: Finished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 0
  • Total Sq Ft: 0
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • List Price: 3995
  • Waterfront: No
  • Exterior Building Type: Cedar,Frame

Garage/Parking

  • Garage Spaces: 2
  • Number of Cars: 2
  • Garage On-Site: Yes
  • Garage Type: Detached
  • Parking: Garage

Utilities

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

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Deposit Required, Dogs OK
  • Rent Includes: None

Schools

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

Lot Info

  • Lot Dimensions: 125X140

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 8, 2021
Sold by
Olp Robert H
Bought by
Legends Investment Group Llc
Current Estimated Value
$971,370

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$652,500
Interest Rate
3.25%
Mortgage Type
Construction
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Legends Investment Group Llc $400,000 Wheatland Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Legends Investment Group Llc $652,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/04/2022 12/04/22 Rented $3,995 0.0% --
11/25/2022 11/25/22 For Rent $3,995 -- --
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 $11,405 $199,209 $91,549 $107,660
2023 $10,886 $183,130 $84,160 $98,970
2022 $7,937 $134,860 $79,700 $55,160
2021 $6,819 $133,320 $78,790 $54,530
2020 $8,507 $163,280 $77,230 $86,050
2019 $8,227 $156,670 $74,100 $82,570
2018 $8,767 $159,400 $73,700 $85,700
2017 $8,491 $153,390 $70,920 $82,470
2016 $8,326 $146,390 $67,680 $78,710
2015 $8,238 $137,720 $63,670 $74,050
2014 $7,619 $124,200 $56,280 $67,920
2013 $7,464 $123,620 $56,020 $67,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11678289

Midwest Real Estate Data (MRED)

APN: 09-08-316-007