5316 Fairview Avenue, Downers Grove, Illinois 60515
- $507,000
- 4
- BD
- 3
- Full Baths
- 2,621
- SqFt
- Sold Price
- $507,000
- List Price
- $518,000
- Closing Date
- Dec 01, 2025
- MLS#
- 12403549
- Status
- CLOSED
- Type
- Single Family Residential
- Subtype
- Residential
- Bedrooms
- 4
- Bathrooms
- 3
- Living Area
- 2,621
- County
- DuPage
- City
- Downers Grove
- Neighborhood
- Downers Grove
- Days On Market
- 99
Property 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.
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Additional Information
- School District
- 99
- Corporate Limits
- Downers Grove
- Tax Year
- 2024
- Tax Exemptions
- Homeowner
- Tax Amount
- $10,514
- Frequency
- Not Applicable
- Year Built
- 1914
- Lot Dimensions
- 72X296.9
- Lot Size Range
- .25-.49 Acre
- Garage Spaces
- 4
- Parking Spaces
- 4
- Parking Details
- Concrete, Garage Door Opener, Heated Garage, Tandem, Garage, Yes, Garage Owned, Attached
- Air Conditioning
- Central Air
- Heating
- Natural Gas, Steam, Baseboard
- Sewer
- Public Sewer
- Interior Property Features
- Vaulted Ceiling(s), 1st Floor Bedroom, In-Law Floorplan, 1st Floor Full Bath, Built-in Features
- Interior Fireplaces
- 1
- Full Baths
- 3
Mortgage Calculator
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Selling Office: Coldwell Banker Realty.
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