See Home Value
Downers Grove 60515
5008 Florence Avenue
$455,808*
Multifamily - Off Market

5008 Florence Avenue

Downers Grove, IL 60515
bedrooms
6 Beds
bathrooms
0 Bath
$365,000 - $445,000
Reference Base Price*
12.55%
Since Nov 1, 2021
National-US
Primary Model
Sold Nov 05, 2020
$378,000
$283,500 by Das Acquisition
Mortgage Due Nov 01, 2050

About This Property

Location, Location, Location! Attention buyers looking for owner occupied investment properties, builders and investors. This profitable 3 unit rental property is located just 2 blocks from the BNSF train station at Fairview in beautiful Downers Grove. Built as a 2 flat with a legal 1 bedroom addition, this property has loads of potential with solid masonry construction and great bones. Upper level unit is 3 bed, 1 bath, spacious kitchen, hardwood floors (also under carpet), and dual vanity bath. Lower level is 2 bed 1 bath. Addition is 1 bed/1 bath. All 3 units have heat included in rent via baseboard heaters/boiler. 2 Car Garage is oversized and allows lots of storage. 5 parking spots as is but 1 more could be added. Roof is approx 6 years old, masonry/tuck pointing is in great shape, all floors are solid and level (no sloping floors!), no uneven walls or cracks in ceiling.  Great neighborhood, schools, shopping, commuting, easy access to highways. What more do you need? Keep as a rental or convert to single family home and keep 1BD as an in-law suite or rental to help pay the mortgage. See broker private remarks for additional details.
Unit Size
-
Days on Market
-
Land Size
0.18 acres
Price per sqft
-
Property Type
Multifamily
Property Taxes
$8,018
HOA Dues
-
Year Built
1957

Price History

Date / Event Date Event Price
Oct 6, 2021 No longer available -
No longer available
Nov 5, 2020 Sold to Jian Wei Wang $378,000
Sold to Jian Wei Wang
Sep 13, 2020 In contract -
In contract
Aug 26, 2020 Price Decreased $405,000
↓ $19K (4.5%)
Price Decreased
Nov 24, 2019 Price Decreased $424,000
↓ $15K (3.4%)
Price Decreased
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Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1957
  • Effective Year Built: 1957
  • Building Count: 1
  • Bedroom Count: 3
  • Living Units: 3
  • Business/Commerical Units Count: 3
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 573
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 7,405
  • Total Building Area: 2,438
  • Gross Building Area: 2,438
  • Building Area: 2,438
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,438
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: STREETS 2ND SUB
  • Land Acres: 0.17
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: STREETS 2ND SUB

Ownership

  • Current Owner : WANG JIAN WEI
  • Previous Owner : KALUZA SHARON
  • Previous Owner 2: KALUZA EMIL

Neighborhood

  • School District Name: Community High School District 99
  • School Tax School District: DOWNERS GROVE
  • Census Tract: 845602

Zoning

  • Zoning: A

Geography

  • Assessors Map Reference: 3144-E2
  • Parcel: 09-09-110-014
  • Block: 1
  • Lot: 5
  • Municipality: DOWNERS GROVE
  • Latitude: 41.7964
  • Longitude: -87.9922

    Address

  • Full Address: 5008 Florence Ave
  • Address - House Number: 5008
  • Address - Street Name: Florence
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Downers Grove
  • Carrier Code: C005
  • 4-Digit Zip Code: 3981
  • Zip Code: 60515

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $7,652
  • Tax Rate Code Area: 9026

    Appraisal Valuation

  • Standard Deviation: 0.4324
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 13
  • Final Value: 388,835
  • High Value: 556,984
  • Low Value: 220,685

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $283,500
  • First Open Lien Mortgage Lender: DAS ACQUISITION
  • First Open Lien Mortgage Recording Date: Nov 05, 2020
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $283,500
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Nov 01, 2050

    Market Valuation

  • Market Total Value: $390,060
  • Market Land Value: $128,280
  • Market Improvement Value: $261,780

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $130,020
  • Assessed Land Value: $42,760
  • Assessed Improvements Value: $87,260

    Sales

  • Current Sale Contract Date: Oct 14, 2020
  • Current Sale Recording Date: Nov 05, 2020
  • Current Sale Transaction ID: 11798968680
  • Current Sale Price: $378,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: R2020-130610

    Last Sale Mortgage

  • First Mortgage Lender: DAS ACQUISITION
  • First Mortgage Transaction Date: Nov 05, 2020
  • First Mortgage Loan Amount: $283,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2050

    Financing

  • First Mortgage Financing Type: Fixed Rate



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
3 Beds
2 Baths
1,000 ft²
$395/ft²
$395,000 Jul 12, 2023
-
$540/mo
House
3 Beds
2 Baths
1,418 ft²
$281/ft²
$399,000 Jun 17, 2023
-
$483/mo
House
2 Beds
1 Bath
1,070 ft²
$374/ft²
$400,000 Jul 18, 2023
-
$420/mo
House
3 Beds
1 Bath
933 ft²
$348/ft²
$325,000 Jul 11, 2023
-
$343/mo
Land
Loft
-
-
$325,000 Feb 28, 2023
-
$549/mo

About Downers Grove


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Frequently Asked Questions

When was property at 5008 Florence Avenue built and last sold?
The property at 5008 Florence Avenue was built in 1957 and last sold on Oct 14, 2020 for $378,000.
How much is this home worth?
The estimated value of the home located at 5008 Florence Avenue is $428,240.
What are some comparable homes to 5008 Florence Avenue?
There are currently no comparable homes to 5008 Florence Avenue.

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