Landlord's Agent in 2026
Timothy Good
Keller Williams Preferred Rlty
(708) 770-9455
6 in this area
195 Total Sales
503 Lake Ave Downers Grove, IL 60515
Estimated Value: $425,000 - $454,749
3
Beds
1.5
Baths
1,195
Sq Ft
$368/Sq Ft
Est. Value
Highlights
- Raised Ranch Architecture
- Wood Flooring
- 2 Car Detached Garage
- Lester Elementary School Rated A-
- Formal Dining Room
- Living Room
About This Home
As of January 2026Enjoy peaceful living in this solid brick ranch, perfectly situated on a quiet, no-outlet street in North Downers Grove. This well-maintained home features beautiful hardwood floors and classic six-panel oak interior doors. The functional layout includes a spacious living area with newer windows that provide plenty of natural light. The property offers plenty of storage and workspace between the full unfinished basement and the detached two-car garage. Outside, you'll find an expansive lot featuring a private backyard, a cement driveway, and a patio perfect for outdoor relaxation. Its prime location offers the best of both worlds-unmatched quiet while remaining close to schools, shopping, and dining. The tenant is responsible for all utilities, including gas, electric, water, and trash. Additionally, the tenant is responsible for all lawn maintenance and snow removal to keep the property in top condition.
Last Agent to Rent the Property
Keller Williams Preferred Rlty License #475162054 Listed on: 01/16/2026
Home Details
Home Type
- Single Family
Year Built
- Built in 1958
Lot Details
- Lot Dimensions are 82x132
Parking
- 2 Car Detached Garage
- Parking Available
- Garage Door Opener
- Driveway
- Parking Included in Price
Home Design
- Raised Ranch Architecture
- Brick Exterior Construction
- Asphalt Roof
- Concrete Perimeter Foundation
Interior Spaces
- 1,195 Sq Ft Home
- Ceiling Fan
- Family Room
- Living Room
- Formal Dining Room
Kitchen
- Range
- Dishwasher
Flooring
- Wood
- Carpet
- Ceramic Tile
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Potential Bedrooms
Laundry
- Laundry Room
- Dryer
- Washer
Unfinished Basement
- Basement Fills Entire Space Under The House
- Exterior Basement Entry
- Sump Pump
Schools
- Lester 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 $2,500
- Property Available on 1/19/26
- 12 Month Lease Term
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 16, 2026
Closed on
Jan 16, 2026
Sold by
Agner Gloria and Trust Number One
Bought by
Forde Construction Co
Seller's Agent
Timothy Good
Keller Williams Preferred Rlty
Buyer's Agent
Sabrina Glover
Platinum Partners Realtors
Sold Price
$2,500
Views
420
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
$437,437
Avg. Annual Appreciation
15.58%
Purchase Details
Closed on
Nov 22, 2024
Sold by
Wagner Paul T and Wagner Gloria
Bought by
Trust Number One and Wagner
Purchase Details
Closed on
Feb 20, 2001
Sold by
Wagner Paul T
Bought by
Wagner Paul T and Wagner Gloria
Purchase Details
Closed on
Aug 1, 1994
Sold by
Silhan Jerry J and Silhan Lydia O
Bought by
Wagner Paul T
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$102,000
Interest Rate
8.41%
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Forde Construction Co | $428,000 | First American Title | |
| Trust Number One | -- | None Listed On Document | |
| Trust Number One | -- | None Listed On Document | |
| Wagner Paul T | -- | -- | |
| Wagner Paul T | $142,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Wagner Paul T | $102,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 01/30/2026 01/30/26 | Rented | $2,500 | -99.4% | -- | |
| 01/20/2026 01/20/26 | Under Contract | -- | -- | -- | |
| 01/16/2026 01/16/26 | Sold | $428,000 | 0.0% | $358 / Sq Ft | View Prior Sale |
| 01/16/2026 01/16/26 | For Rent | $2,500 | 0.0% | -- | |
| 01/02/2026 01/02/26 | Pending | -- | -- | -- | |
| 12/16/2025 12/16/25 | For Sale | $449,900 | -- | $376 / Sq Ft |
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 | $8,213 | $159,460 | $96,999 | $62,461 |
| 2023 | $7,763 | $146,590 | $89,170 | $57,420 |
| 2022 | $7,522 | $138,800 | $84,430 | $54,370 |
| 2021 | $7,036 | $137,220 | $83,470 | $53,750 |
| 2020 | $6,900 | $134,510 | $81,820 | $52,690 |
| 2019 | $6,668 | $129,070 | $78,510 | $50,560 |
| 2018 | $6,384 | $122,690 | $78,070 | $44,620 |
| 2017 | $6,168 | $118,060 | $75,120 | $42,940 |
| 2016 | $6,030 | $112,670 | $71,690 | $40,980 |
| 2015 | $5,942 | $106,000 | $67,450 | $38,550 |
| 2014 | $5,371 | $94,320 | $59,620 | $34,700 |
| 2013 | $5,260 | $93,880 | $59,340 | $34,540 |
Source: Public Records
Agents Affiliated with this Home
-
Timothy Good
-
Mary Braatz
Seller's Agent in 2026
Mary Braatz
RE/MAX
(630) 258-7677
26 in this area
111 Total Sales
-
Sabrina Glover
Tenant's Agent in 2026
Sabrina Glover
Platinum Partners Realtors
(630) 523-9989
62 in this area
315 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12548662
APN: 09-05-416-003
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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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