NOT LISTED FOR SALE

531 Chicago Ave Downers Grove, IL 60515

Estimated Value: $373,000 - $486,552

2 Beds
1 Bath
1,064 Sq Ft
$401/Sq Ft Est. Value

Last Sold October 07, 2019

Last sale price $236,000 $222 Per Sq Ft

Est. 81% increase in value since last sale

Current estimated payment $2,825/month

4 Days on Market

Highlights

  • Recreation Room
  • Home Office
  • Galley Kitchen
  • Lester Elementary School Rated A-
  • Detached Garage
  • Central Air

About This Home

As of October 2019

Great investment opportunity**** Lovely tree-lined street surrounded around new construction homes... Dining Room can easily be converted back to a 3rd bedroom..Great opportunity for an investor or a starter home.... Tear down/rehab opportunity! Close to train, Downers Grove North High School***Lot 62'x125'****

Last Agent to Sell the Property

Debra Benson

Redfin Corporation License #475156966 Listed on: 08/26/2019

Last Buyer's Agent

Casselyn Tertell

Compass License #471000856

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,604

Year Built

  • 1953

Lot Details

  • 7,405

Parking

  • Detached Garage
  • Parking Included in Price
  • Garage Is Owned

Home Design

  • Brick Exterior Construction
  • Asphalt Rolled Roof

Interior Spaces

  • Home Office
  • Recreation Room
  • Partially Finished Basement
  • Basement Fills Entire Space Under The House
  • Galley Kitchen

Utilities

  • Central Air
  • Heating System Uses Gas

Listing and Financial Details

  • Homeowner Tax Exemptions
  • $2,350 Seller Concession

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,604

Year Built

1953

Lot Details

0

Parking

1

Listing Details

  • Property Type: Detached Single
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Train
  • Age: 61-70 Years
  • Full Bathrooms: 1
  • Ownership: Fee Simple
  • Square Footage Comments: ****Full basement*****
  • Total Full or Half Bathrooms: 1
  • Type Detached: 1 Story
  • Estimated Year Built: 1953
  • Tax Exemptions: Homeowner
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1953

Interior Features

  • Number Of Rooms: 7
  • Living Room: Dimensions: 8X15, On Level: Main Level, Flooring: Wood Laminate
  • Basement: Full
  • Basement: Partially Finished
  • Bedrooms All Levels: 2
  • Above Grade Bedrooms: 2
  • Laundry: Dimensions: 8X10, On Level: Basement
  • Dining Room: Dimensions: 8X13, On Level: Main Level, Flooring: Hardwood
  • Kitchen Type: Dimensions: 8X13, On Level: Main Level, Flooring: Vinyl
  • Kitchen Type: Galley
  • Additional Rooms: Recreation Room, Office
  • Master Bedroom: Dimensions: 12X12, On Level: Main Level, Flooring: Hardwood
  • Additional Room 1 Name: Recreation Rm, Dimensions: 13X28, On Level: Basement
  • Additional Room 2 Name: Office, Dimensions: 7X13, On Level: Basement
  • Bedroom 2: Dimensions: 12X10, On Level: Main Level, Flooring: Hardwood
  • Estimated Sq Ft: 1064
  • Dining Room Type: Separate

Exterior Features

  • Lot Size: Less Than .25 Acre
  • Exterior Building Type: Brick
  • Roof Type: Asphalt/Glass (Rolled)
  • Acreage: 0.1793

Garage/Parking

  • Number of Cars: 1
  • Parking: Garage
  • Garage Type: Detached
  • Garage On Site: Yes
  • Number Garage Spaces: 1
  • Parking Included In Price: Yes
  • Garage Ownership: Owned

Utilities

  • Electricity: Circuit Breakers
  • Air Conditioner: Central Air
  • Water: Public
  • Sewer: Sewer-Public
  • Heating Fuel: Gas

Schools

  • School District: 99
  • Elementary School: Lester Elementary School
  • Middle School: Herrick Middle School
  • High School: North High School
  • Junior High Dist: 58

Lot Info

  • Lot Dimensions: 62X125
  • Parcel Identification Number: 0908212014

Tax Info

  • Taxes: 2314

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 26, 2019
Closed on
Oct 3, 2019
Sold by
Grandy Christian and Joan F Grandy Trust
Bought by
Chernivsky Benjamin A
Seller's Agent
Debra Benson
Redfin Corporation
Buyer's Agent
Casselyn Tertell
Compass
List Price
$239,900
Sold Price
$236,000
Premium/Discount to List
-$3,900
-1.63%
Current Estimated Value
$427,138

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$191,138
Avg. Annual Appreciation
12.18%
Original Mortgage
$188,800
Interest Rate
5.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 13, 2019
Sold by
Grandy Loan E
Bought by
Grandy Joan E and Joan E Grandy Trust
Source: Public Records

Range of Values:

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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
Chernivsky Benjamin A $236,000 Greater Illinois Title
Grandy Joan E -- Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chernivsky Benjamin A $190,100
Closed Chernivsky Benjamin A $188,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/07/2019 10/07/19 Sold $236,000 -1.6% $222 / Sq Ft
08/30/2019 08/30/19 Pending -- -- --
08/26/2019 08/26/19 For Sale $239,900 -- $225 / Sq Ft
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 $6,604 $123,357 $71,784 $51,573
2023 $6,265 $113,400 $65,990 $47,410
2022 $4,626 $84,600 $62,480 $22,120
2021 $4,328 $83,640 $61,770 $21,870
2020 $4,245 $81,990 $60,550 $21,440
2019 $4,104 $78,670 $58,100 $20,570
2018 $5,068 $94,680 $57,770 $36,910
2017 $2,314 $91,110 $55,590 $35,520
2016 $2,382 $86,950 $53,050 $33,900
2015 $2,512 $81,800 $49,910 $31,890
2014 $2,589 $72,830 $44,120 $28,710
2013 $2,549 $72,490 $43,910 $28,580
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2019

    Debra Benson

    Redfin Corporation

  • Casselyn Tertell

    Buyer's Agent in 2019

    Casselyn Tertell

    Compass

    (630) 988-8859

    3 in this area

    138 Total Sales

    Casselyn Tertell
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10498629

Midwest Real Estate Data (MRED)

APN: 09-08-212-014

Illinois DuPage County Downers Grove 60515

531 Chicago Ave, Downers Grove, IL

This home is located at 531 Chicago Ave, Downers Grove, IL 60515 since 26 August 2019 and is currently estimated at $427,138, approximately $401 per square foot. This property was built in 1953. 531 Chicago Ave is a home located in DuPage County with nearby schools including Lester Elementary School, Herrick Middle School, and Downer Grove North High School.

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