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5152 Fairview Avenue Downers Grove, IL 60515
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Key Details
Sold Price $995,000
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 10561739
Sold Date 01/30/20
Year Built 1960
Annual Tax Amount $13,473
Tax Year 2018
Lot Size 0.450 Acres
Lot Dimensions 19602SF
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
Interior
Cooling Window Unit(s)
Fireplace N
Exterior
View Y/N true
Building
Structure Type Brick
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Bought with Charles McCann • Keller Williams Premiere Properties
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