5504 Lyman Ave Downers Grove, IL 60516
South Downers Grove Neighborhood
3
Beds
2
Baths
1,536
Sq Ft
9,148
Sq Ft Lot
Highlights
- Property is near a park
- Wood Flooring
- Entrance Foyer
- Fairmount Elementary School Rated A-
- Laundry Room
- Forced Air Heating System
About This Home
As of May 2025MULTIPLE OFFERS RECEIVED HIGHEST AND BEST DUE BY 5PM MONDAY APRIL 28TH This split-level home with a sub-basement is ideally situated between Patriots Park with Barth Pond and Memorial Park, offering a lifestyle that's walkable, connected, and full of potential. Just blocks from downtown Downers Grove and the train, this location puts shopping, dining, and commuting options all within easy reach. Inside, the home features three bedrooms and two full baths, with plenty of flexibility to live in comfortably now while planning updates over time. Hardwood flooring is under the foyer and living room floors as well as in all three bedrooms. A standout feature is the walk-up unfinished attic space, already equipped with a water source-offering an incredible opportunity to create a spacious new primary suite or bonus room and significantly increase your livable square footage. The vintage kitchen brings a touch of personality with its classic range, newer lower level walk-in shower, and both the front and rear porches have been updated with durable composite decking. The large yard, two +-car detached garage (manual garage door), and unfinished sub-basement offer even more value with ample storage and outdoor space to enjoy. This is an estate sale, and the property will be conveyed AS-IS. While it's clean and livable, most buyers will likely see this as a chance to update and make it their own. With a newer furnace and solid layout, the bones are here, what you do next is up to you. If you've been searching for a home with potential in an unbeatable Downers Grove location, this is it. Recent improvements (dates not guaranteed) Fridge (2024), Furnace (2021), Humidifier (2023), Hot Water Heater (2017), Toilets (2023). Approximately 1400 square feet excluding basement and unfinished attic space.
Last Agent to Sell the Property
Platinum Partners Realtors License #475163874 Listed on: 04/24/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $5,001
Year Built
- Built in 1958
Lot Details
- 9,148 Sq Ft Lot
- Lot Dimensions are 50x183
- Paved or Partially Paved Lot
Parking
- 2 Car Garage
Home Design
- Split Level with Sub
- Asphalt Roof
- Concrete Perimeter Foundation
Interior Spaces
- 1,536 Sq Ft Home
- Entrance Foyer
- Family Room
- Combination Dining and Living Room
- Pull Down Stairs to Attic
- Range
- Laundry Room
Flooring
- Wood
- Carpet
- Laminate
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Potential Bedrooms
- 2 Full Bathrooms
Basement
- Partial Basement
- Finished Basement Bathroom
Location
- Property is near a park
Schools
- Fairmount Elementary School
- O Neill Middle School
- South High School
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
- Lake Michigan Water
Listing and Financial Details
- Senior Tax Exemptions
- Homeowner Tax Exemptions
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 24, 2025
Closed on
May 12, 2025
Sold by
Wayne R Simoncelli R and Wayne Patricia F
Bought by
N E Construction Inc
Seller's Agent
Shanon Tully
Platinum Partners Realtors
Buyer's Agent
Kiah Guzman
EXCHANGE BROKERS
List Price
$375,000
Sold Price
$400,000
Premium/Discount to List
$25,000
6.67%
Views
51
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$4,278
Avg. Annual Appreciation
-0.59%
Purchase Details
Closed on
Oct 8, 2009
Sold by
Simoncelli Wayne R and Simoncelli Patricia F
Bought by
Simoncelli Wayne R and Simoncelli Patricia F
Similar Homes in Downers Grove, IL
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $400,000 | None Listed On Document | |
| Interfamily Deed Transfer | -- | None Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/14/2025 05/14/25 | Sold | $400,000 | +6.7% | $260 / Sq Ft |
| 04/30/2025 04/30/25 | Pending | -- | -- | -- |
| 04/26/2025 04/26/25 | For Sale | $375,000 | -- | $244 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
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 | $5,320 | $108,921 | $41,793 | $67,128 |
| 2023 | $5,001 | $100,130 | $38,420 | $61,710 |
| 2022 | $4,905 | $94,350 | $36,200 | $58,150 |
| 2021 | $4,587 | $93,280 | $35,790 | $57,490 |
| 2020 | $4,493 | $91,430 | $35,080 | $56,350 |
| 2019 | $4,333 | $87,730 | $33,660 | $54,070 |
| 2018 | $5,036 | $99,110 | $35,330 | $63,780 |
| 2017 | $4,861 | $95,370 | $34,000 | $61,370 |
| 2016 | $4,746 | $91,020 | $32,450 | $58,570 |
| 2015 | $4,668 | $85,630 | $30,530 | $55,100 |
| 2014 | $4,525 | $81,190 | $29,680 | $51,510 |
| 2013 | $4,430 | $80,810 | $29,540 | $51,270 |
Source: Public Records
Agents Affiliated with this Home
-
Seller's Agent in 2025
Shanon Tully
Platinum Partners Realtors
(630) 698-3288
9 in this area
82 Total Sales
-
Buyer's Agent in 2025
Kiah Guzman
EXCHANGE BROKERS
(224) 808-4994
1 in this area
10 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12344055
APN: 09-17-104-017
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