5938 Dunham Road, Downers Grove, Illinois 60516
$235,000
|
Sold
|
|
| Status: | Closed |
| Sqft: | 1,186 |
| Cost/Sqft: | $228 |
| Beds: | 3 |
| Baths: | 2 |
| Year Built: | 1923 |
| Property Taxes: | $6,410 |
| Days On Market: | 615 |
| Lot Size: | 0,00 |
Description
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.
Property Specifics
| Single Family | |
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| 1923 | |
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| No | |
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| — / Not Applicable | |
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| 12017718 | |
| 0918401013 |
Nearby Schools
| NAME: | DISTRICT: | DISTANCE: | |
|---|---|---|---|
|
Grade School
Hillcrest Elementary School |
58 | — | |
|
Middle School
O Neill Middle School |
58 | Not in DB | |
|
High School
South High School |
99 | Not in DB | |
Property History
| DATE: | EVENT: | PRICE: | SOURCE: |
|---|---|---|---|
| 30 Apr, 2024 | Sold | $235,000 | MRED MLS |
| 18 Apr, 2024 | Under contract | $269,900 | MRED MLS |
| 12 Apr, 2024 | Listed for sale | $269,900 | MRED MLS |
Room Specifics
Total Bedrooms: 3
Bedrooms Above Ground: 3
Bedrooms Below Ground: 0
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Full Bathrooms: 2
Bathroom Amenities: —
Bathroom in Basement: 0
Rooms: —
Basement Description: None
Other Specifics
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| Asphalt | |
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| 52 X 269 | |
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| — | |
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| Not in DB | |
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Tax History
| Year | Property Taxes |
|---|---|
| 2024 | $6,410 |
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Listing Provided By
Platinum Partners Realtors
