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$525,000 Just Listed
Property Description
This could be a once in a lifetime opportunity to build instant equity in highly sought after Arlington Heights. A main level "office" can easily turn into a 4th bedroom by closing up the window in the wall to the living room. Built in the 80's the home has a long list of amenities that make it stand out including...(1) An open kitchen/dining/family room space ideal for everyday living and hosting family and friends. The space and neutral palette work great "as is" with an opportunity to reconfigure when you are ready to create your dream kitchen. (2) A 3rd full bathroom on the main level allows the opportunity for multi-generational living or hosting guests who may have difficulty with stairs. (3) A good-sized main level laundry/mud room for ultimate convenience and organization (4) The spacious living room features a large bay window and is the perfect spot to enjoy a good book and pretty neighborhood views throughout the seasons. We love the idea of making this room a fun zone by adding a table for family game night or set up as a 2nd family room with extra space to host holiday parties or events. (5) Large windows mean you'll enjoy lots of natural light throughout the home and (6) The primary bedroom features a walk in closet and good-sized private bath. The outdoor area features a deck and gazebo-perfect to relax, entertain, and hang your string lights, plus a spacious yard to enhance your outdoor fun. Adding some evergreens for privacy would be another simple idea to enhance value. Close to Hasbrook Park, a few blocks to highly rated Olive Elementary and Thomas Middle Schools, close to abundant shops, restaurants, & conveniences, & a short drive to very popular downtown Arlington Heights. A trifecta of award-winning schools - Olive Elementary, Thomas Middle School, and Hersey High School is icing on the cake and reinforces the upside potential of this home! Well maintained solid home being sold in "as is" condition.
Full Property Details
Full Property Details for 1241 N Chestnut Ave
General
- Price: $525,000
- Taxes: $7,529 (2024)
- Status: Active
- Type: Single Family
- Source: MRED
- MLS ID: 12685987
Rental Information
- Complex Features: Curbs, Sidewalks, Street Paved
Interior
- Basement: Partially
- Interior Features: 1st-Floor Bath, Walk-In Closet(s)
- Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Stainless Steel Appliance(s)
- Flooring: Hardwood, Carpet
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Bedrooms
- Total Bedrooms: 3
Additional Information
- Equipment: Water Heater-Gas
- Other Features: Commuter Bus, Commuter Train
Parking
- Garage: Yes
- Attached garage: Yes
- Garage Spaces: 2
- Total Spaces: 2
- Parking Features: Asphalt, Garage Door Opener, Yes, Garage Owned, Attached, Garage
Location
- Area: Arlington Heights
- County: Cook
- Township: Wheeling
- Subdivision: Northwest Highlands
- Driving Directions: Arlington Heights Rd to E Olive St to Chestnut South to property.
School Information
- School District: 25
- Elem School District: 25
- Midd School District: 25
- High School District: 214
- Elementary School: Olive-Mary Stitt School
- Middle School: Thomas Middle School
- High School: John Hersey High School
- Private School: John Hersey High School
Community
- Assoc. Fees Include: None
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Natural Gas, Forced Air
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Brick, Cedar
- Exterior Const.: Brick, Cedar
- Basement: Yes
- Basement Desc.: Partially Finished, Rec/Family Area, Full
- Roof: Asphalt
- Sub-Flooring: Hardwood, Carpet
- Square Feet: 2,269
- Sq. Ft. Source: Assessor
- Year Built: 1984
Additional Structures
- Other Structures: Gazebo
Lot Features
- Lot Size (Acres): 0.182
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 60 x 133
- Fence: Yes
- Lot Features: Backs to Public GRND, Garden
- Fencing (Description): Fenced, Chain Link
Financial Considerations
- Parking Included: Yes
- Assessment Year: 1984
- Tax Amount: $7,529.99
- Tax Year: 2024
- Pays Sewer: Public Sewer
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 3194120020000
Listed by Baird & Warner
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Schools
Schools serving 1241 N Chestnut Ave
School Districts:Arlington Heights School District 25, Township High School District 214
| Name | Grades | Distance |
|---|---|---|
Olive-Mary Stitt School 303 East Olive Street, Arlington Heights, IL 60004 | K-5 | 0.4 mi |
Thomas Middle School 1430 North Belmont Avenue, Arlington Heights, IL 60004 | 6-8 | 0.4 mi |
John Hersey High School 1900 East Thomas Street, Arlington Heights, IL 60004 | 9-12 | 1.4 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Tax History
Tax History for 1241 N Chestnut Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$13,149
—
$62,000
15%
2023
$13,149
4%
$54,000
—
2022
$12,614
58%
$54,000
19%
2021
$7,960
13%
$45,284
—
2020
$7,039
1%
$45,284
-10%
2019
$6,967
-35%
$50,316
17%
2018
$10,768
1%
$43,083
—
2017
$10,673
-2%
$43,083
-4%
2016
$10,944
19%
$44,971
26%
2015
$9,225
3%
$35,740
—
2014
$8,983
-4%
$35,740
-11%
2013
$9,382
-5%
$39,961
-11%
2012
$9,851
—
$45,112
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1241 N Chestnut Ave
1241 N Chestnut Avenue, Arlington Heights, IL 60004 (MLS# 12685987) is a Single Family property with 3 bedrooms and 3 full bathrooms. 1241 N Chestnut Avenue is currently listed for $525,000 and was received on June 26, 2026. Want to learn more about 1241 N Chestnut Avenue? Do you have questions about finding other Single Family real estate for sale in Arlington Heights? You can browse all Arlington Heights real estate or contact a Coldwell Banker agent to request more information.
