5316 Fairview Avenue, Downers Grove, Illinois 60515
$518,000
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For Sale
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| Status: | Contingent |
| Sqft: | 2,621 |
| Cost/Sqft: | $198 |
| Beds: | 4 |
| Baths: | 3 |
| Year Built: | 1914 |
| Property Taxes: | $10,514 |
| Days On Market: | 111 |
| Lot Size: | 0,49 |
Description
CALLING ALL REHABBERS & BUILDERS - ENDLESS POTENTIAL AWAITS! This truly one of a kind 4-bedroom, 3-bathroom home is a hidden gem, on an oversized lot - originally built in the early 1900's - rebuilt in 1991 and now ready to be transformed by you! With solid bones and a layout that offers incredible flexibility, this property is perfect for someone looking to customize, renovate, or reimagine. Whether you're a rehabber or builder with vision-this one has TONS of potential! Upstairs you'll find a huge primary suite, with a bathroom that's already demoed and ready for your personal touch. There's plenty of room to build out a spa-like retreat. There used to be a balcony off the master-though it's been removed, the structural supports remain, making it possible to rebuild and restore a beautiful outdoor space. Two more bedrooms, a large loft area, and a stunning full bath with updated tile work complete the second floor - with stunning Brazilian Cherry flooring. The main level features a fourth bedroom and another full bath, along with a formal living room, family room, dining room, and kitchen-perfect for entertaining or flexible living. Flooring includes Brazilian Cherry hardwood, paired with hand-forged wrought iron spindles and oak banisters. The kitchen offers birch cabinets, granite tile countertops, and reverse osmosis water filtration. Take just a few steps down to find the mechanical room and a rare 4-car tandem garage with plenty of room for storage, projects, or car enthusiasts -PLUS- it's heated! (Garage is easily converted to be able to accommodate campers or large boats!) Outside, the backyard once featured a pool, and the electric and gas lines are still in place, making it easy to add a heated pool if desired. Note: The backyard is located in a floodplain, so future improvements should be planned accordingly. Work is needed-but the possibilities are endless! Bring your unique eye for the possibilities, and unlock the potential in this one-of-a-kind property. Enjoy the ultimate convenience of this prime location-just a short walk to the train, town, and all that vibrant Downtown Downers Grove has to offer, including local shops, restaurants, and year-round events like the Saturday morning farmers market, summer concerts at Fishel Park, Summer Friday Night Classic Car Shows, and the always-popular Rotary GroveFest. Roof new in 2020.
Property Specifics
| Single Family | |
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| 1914 | |
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| No | |
| 0.49 |
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| — / Not Applicable | |
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| 12403549 | |
| 0908418031 |
Property History
| DATE: | EVENT: | PRICE: | SOURCE: |
|---|---|---|---|
| 15 Oct, 2025 | Under contract | $518,000 | MRED MLS |
| 8 Jul, 2025 | Listed for sale | $518,000 | MRED MLS |
Room Specifics
Total Bedrooms: 4
Bedrooms Above Ground: 4
Bedrooms Below Ground: 0
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Full Bathrooms: 3
Bathroom Amenities: No Tub
Bathroom in Basement: 0
Rooms: —
Basement Description: —
Other Specifics
| 4 | |
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| 72X296.9 | |
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| Not in DB | |
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Tax History
| Year | Property Taxes |
|---|---|
| 2025 | $10,514 |
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