5008 Florence Avenue
Downers Grove, IL 60515
- 6 beds
- 3 baths
- – sqft
- 7,841 sqft lot
- 1957 build
- – on site
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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.
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Last updated Apr 22, 2024
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MLS# 10542181 —
Walk Score®
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Soundscore™
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Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
10/28/20
Oct 28, 2020
|
Sold | MRED | $378,000 | -6.7% |
|
9/21/20
Sep 21, 2020
|
Sold Subject To Contingencies | MRED | $405,000 |