$995,000
$1,085,000
8.3%For more information regarding the value of a property, please contact us for a free consultation.
0.45 Acres Lot
SOLD DATE : 01/30/2020
Key Details
Sold Price $995,000
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 10561739
Sold Date 01/30/20
Maintenance Fees $7,847
Year Built 1960
Annual Tax Amount $13,473
Tax Year 2018
Lot Size 0.450 Acres
Lot Dimensions 19602SF
Property Sub-Type Multi Family 5+
Property Description
Chicago Real Estate Resources is proud to present 5152 Fairview Ave in Downers Grove, Illinois. The subject property is 3-minute walk to the Metra station and comprised of ten well-maintained one-bedroom one-bathroom apartments, coin laundry, as well as a large parking lot that provides ample parking for all of the tenants. 5152 Fairview Ave features a newer roof and new hot water heater. One of the units has been fully rehabbed and features granite counters, new cabinets, stainless steel appliances, and a new bathroom. The remaining units have been well-maintained with vintage charm. Most of the units are home to long-term tenants with below market rents. There is an opportunity to significantly increase revenue by bringing the rents to market in as-is condition, for apply cosmetic updates to increase gains even further.
Location
State IL
County Du Page
Area Downers Grove
Interior
Cooling Window Unit(s)
Fireplace N
Building
Level or Stories 2
Structure Type Brick
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Bought with Charles McCann • Keller Williams Premiere Properties
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "