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4804 Forest Avenue

Downers Grove, IL 60515
  • $499,900
  • STATUS: Active
  • ON SITE: 36 Days
  • MLS #: 11376577
UPDATED: 74 min ago
$499,900
  • 4
    BEDS
  • 0.22
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1904
County:

School Information

Elementary School:
Middle School:
High School:
School District:
58

Description

LOCATION! Is it time to diversify? LOCATION! Stock Market & Crypto rollercoaster rides too scary? LOCATION! Need to complete a 1031 Exchange? Very rare income property investment opportunity for a CA$H BUYER! Rents not raised much in years and are overdue for an increase! Update the units and get top dollar! Let the tenants pay for your property like the current owners have done for years! Tenants pay utilities. 3 blocks to Main St. train station. Huge 73'x132' lot. Very rare, legal non-conforming 3 unit. (See Sec 28 of DGMC.) Or convert to SFR? Tear down and build? CA$H BUYERS ONLY! Property needs updating! See disclosures! Property now vacant, so do with it as you wish! Recent rents were: Studio at $749 + $55 for Parking, 1 Bedroom at $985 + $55 for Parking and $25 for Laundry, 3 Bedrooms at $1,275 + $55 for Parking.

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© 2022 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or John Lyons Real Estate | Baird & Warner. Based on information submitted to the MRED as of 2022-05-22T08:58:46.6 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED 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 properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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4804 Forest Avenue Downers Grove, IL 60515

  • Price: $499,900
  • Status: Active
  • On Site: 36 Days
  • Updated: 74 min ago
  • MLS #: 11376577
4
Beds
0
Baths
0
½ Baths
0.22
Acres
1904
Built
Neighborhood:
Downers Grove
County:
DuPage
Area:
Downers Grove
Elementary School:
Pierce Downer Elementary School
Middle School:
Herrick Middle School
High School:
North High School
School District:
58
Property Description
LOCATION! Is it time to diversify? LOCATION! Stock Market & Crypto rollercoaster rides too scary? LOCATION! Need to complete a 1031 Exchange? Very rare income property investment opportunity for a CA$H BUYER! Rents not raised much in years and are overdue for an increase! Update the units and get top dollar! Let the tenants pay for your property like the current owners have done for years! Tenants pay utilities. 3 blocks to Main St. train station. Huge 73'x132' lot. Very rare, legal non-conforming 3 unit. (See Sec 28 of DGMC.) Or convert to SFR? Tear down and build? CA$H BUYERS ONLY! Property needs updating! See disclosures! Property now vacant, so do with it as you wish! Recent rents were: Studio at $749 + $55 for Parking, 1 Bedroom at $985 + $55 for Parking and $25 for Laundry, 3 Bedrooms at $1,275 + $55 for Parking.
Exterior Features

Exterior Building Type Vinyl Siding Garage Onsite Yes Garage Ownersite Owned Garage Type Detached Lot Size Less Than .25 Acre Multi Family Type 3 Flat Parking Details GarageSpace/S Parking Features AssignedDriveway Parking Onsite Yes Parking Ownership Owned Parking Total 4 Waterfront YN No

Interior Features

Basement Unfinished Basement Details Full Bedrooms Below Grade 0 Bedrooms Total 4 Full Baths In Building 3 Half Baths In Building 0 Heating Natural GasForced Air Rooms Total 10

Property Features

Age 100+ Years Built Before1978 YN Yes Corporate Limits Downers Grove General Information Commuter BusCommuter Train Gross Income 39708 Insurance Expense 1582 Mls Actual Status Active New Construction YN No Ownership Fee Simple Rebuilt YN No Sewer Public Sewer Special Listing Conditions None Tax Annual Amount 11487.24 Tax Year 2021 Total Numberof Unitsin Building 3 Total Rental Income 39708 Township Downers Grove Type Two To Four Units Water Source Lake Michigan Zoning Singl

Listing information © 2022 Midwest Real Estate Data LLC.
Listing provided courtesy of Brulan Properties, Inc..


© 2022 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or John Lyons Real Estate | Baird & Warner. Based on information submitted to the MRED as of 2022-05-22T08:58:46.6 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED 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 properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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