Thank you
Jon Svitak
Platinum Partners Realtors
630-435-3500
ATTENTION: Investors, savvy Buyers, or Builders! Check out this rare opportunity! The subject property has two small single-family homes on two separate parcels with two separate PIN #'s (0918401023 & 0918401013) Lot sizes: (52 X 200 & 52 X 69) with a combined lot size of 52 X 269. Each parcel has a small cottage, the front property is a 2 Bedroom/1 Bathroom/Carport, and the back property has a 1 Bedroom/1 Bathroom with a side driveway and separate parking apron. Both homes are currently rented on month-to-month leases with both tenants wanting to stay in place. Both are long-time tenants and the current rents are $1,100/Front & $675/Back for a combined total income of $21,300/year. The Front parcel is on Lake water & public sewer, the Back parcel is on Lake water and Septic tank at the rear corner of the property. Both properties have storage sheds & common driveway access with convenient parking and turnaround capability/guest parking etc. All exteriors have been updated with the replacement of siding, roofs, windows, and HVAC with a decent amount of life left on all of them. Current Expenses: Lawn Care $1,900; Insurance $1,800; Water & Sewer $1,800; Combined Taxes $6,410; Miscellaneous $1,000 for about $12,900 in expenses. SOME GREAT OPTIONS TO CONSIDER: 1. Buyer could live in the front house and rent out the back house (keep current tenant) to help pay off a 15-year mortgage in record time. 2. An Investor could rent out both homes and collect over $20,000+ in yearly income and write off most of the yearly expenses. 3. A Builder could build on the Front parcel (no basement per Village of DG FEMA MAP) and possibly keep the Back parcel as a cottage or expand it and go up to create a generational living situation on the property. This unique opportunity offers many investment options to fit your needs. Enjoy living in the heart of DG with a walk to top-rated DG Schools and in a lovely area of higher-end homes. NOTE: We do not wish to disturb the current tenants - DO NOT WALK THE PROPERTY WITHOUT AN APPOINTMENT! We will schedule times to gain access to the properties ONLY for serious interested parties. If there are too many interested, we will schedule a specific day & time segment to accommodate showing to All. Ideally, both Tenants would like to remain in place but can vacate upon the sale of the property within a reasonable timeframe for closing. Builders, please contact Mario Dovalina at DG Building & Planning Dept regarding any FEMA regulations. No Keybox, appointment only. We will need a minimum of 48-hour notice for scheduling-Afternoons are preferred.
Total Bedroom: 3
Room Types: Den, Kitchen
Total Baths: 2
Full Baths: 2
Rooms Total: 8
Hardwood Floors, Wood Laminate Floors, First Floor Bedroom, First Floor Full Bath
Roof : Asphalt
Appliances : Range, Refrigerator, Washer, Dryer
Asphalt
Heating: Natural Gas, Electric, Forced Air, Baseboard
Cooling: None
WaterSource: Lake Michigan
Year Built: 1923
Lot Dimensions: 52 X 269
Lot Description: Sidewalks
Lot Size: .25-.49 Acre
Lot Size Source: County Records
Property Type: Residential
Style: Cottage
Sub Type: Detached Single
Type Detached: 1 Story
Original List Price: $269900
Annual Tax: $6410.3
Tax Year: 2022
Parcel Number: 0918401013
Tax Exemption: None
Total Parking: 4
Off Street, Side Apron
Parking: Space/s
Is Parking Included in Price: Yes
Driveway: Asphalt
Included Fees: None
Elementary School: Hillcrest Elementary School
Junior High School: O Neill Middle School
Senior High School: South High School
Sewer: Public Sewer
Water Source: Lake Michigan
City: Downers Grove
Direction: Maple Ave to Dunham Rd S to home
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
6811 Fairview Avenue, Downers Grove, IL,60516 | $598,000 | 2 | 1 | 1,372 | -- |
6811 Fairview Avenue, Downers Grove, IL,60516 | $598,000 | -- | -- | -- | 1.43 Acres |
1137 Fox Wood Lane, Downers Grove, IL,60516 | $210,000 | -- | -- | -- | 0.21 Acre |
8301 Main Street, Downers Grove, IL,60516 | $225,000 | -- | -- | -- | 0.52 Acre |
6303 Carpenter Street, Downers Grove, IL,60516 | $169,999 | -- | -- | -- | 0.15 Acre |
1055 63rd Street, Downers Grove, IL,60516 | $114,999 | -- | -- | -- | 0.15 Acre |
6303 Carpenter Street, Downers Grove, IL,60516 | $724,900 | 4 | 3 | 2,850 | 0.155 Acre |
8250 Lemont Road, Downers Grove, IL,60516 | $598,000 | -- | -- | -- | 2.32 Acres |
8250 Lemont Road, Downers Grove, IL,60516 | $598,000 | 4 | 2 | 1,240 | 2.32 Acres |
5742 Webster Street, Downers Grove, IL,60516 | $999,000 | 4 | 3 | 2,600 | -- |
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Based on information submitted to the MLS GRID as of 04/29/2024 @ 06:20. All data is obtained from various sources and may not have been verified by the 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.
Properties displayed may be listed or sold by various participants in the MLS.
ByOwner last updated this listing 04/29/2024 @ 06:20
MLS: MRED #12017718
LISTED BY: Jon Svitak, Platinum Partners Realtors
SOURCE: Midwest Real Estate Data LLC (MRED)
Buyer Agency Compensation: 2.25% MINUS $495.00
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.