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$375,000 Contingent
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Property Description
Investor | Builder Opportunity in Prime Des Plaines Location! Attention investors, rehabbers, and builders: this is the opportunity you've been waiting for. Situated on an expansive 103 x 180 lot (approx. 0.41 acres) in a highly desirable Des Plaines neighborhood, this property offers incredible potential for renovation, redevelopment, or new construction. The existing home features 5 bedrooms, 2 bathrooms, and over 2,100 square feet of living space, making it ideal for a full rehab project or rental hold. The property is being sold AS-IS. Unique architectural details such as birch plank-and-beam ceilings and a custom staircase add character and potential value. The oversized lot presents a rare opportunity for builders, with potential to tear down and build new, or explore redevelopment options (buyer to verify zoning and subdivision possibilities). Located in a sought-after area of Des Plaines known for its convenient access to O'Hare Airport, major expressways, strong local economy, and highly rated schools, this property is perfectly positioned for both resale and long-term investment. Sold AS-IS. Cash or renovation loans preferred.
Full Property Details
Full Property Details for 1692 Farwell Ave
General
- Price: $375,000
- Taxes: $8,357 (2024)
- Status: Contingent
- Type: Single Family
- Source: MRED
- MLS ID: 12729192
- Updated: 8/16/2026
- Added to Site: 18 day(s) ago
Interior
- Basement: None
- Interior Features: Cathedral Ceiling(s)
- Appliances: Range, Dishwasher, Refrigerator, Washer, Dryer
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 5
Parking
- Garage: Yes
- Attached garage: Yes
- Garage Spaces: 2
- Total Spaces: 2
- Parking Features: Concrete, Yes, Garage Owned, Attached, Garage
Location
- Area: Des Plaines
- County: Cook
- Township: Maine
- Driving Directions: Touhy east of Mannheim to Maple to Farwell
School Information
- School District: 62
- Elem School District: 62
- Midd School District: 62
- High School District: 207
Community
- Assoc. Fees Include: None
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Natural Gas, Forced Air
Utilities
- Sewer: Public Sewer
- Water: Lake Michigan
Structural Information
- Construction: Aluminum Siding, Frame
- Exterior Const.: Aluminum Siding, Frame
- Basement Desc.: None
- Foundation: Concrete Perimeter
- Roof: Asphalt, Rubber
- Square Feet: 2,157
- Sq. Ft. Source: Assessor
- Year Built: 1944
- Built Before 1978: Yes
Lot Features
- Lot Size (Acres): 0.4132
- Lot Size Range: .25 to .49 Acre
- Lot Dimensions: 103 x 180
- Fence: Yes
- Fencing (Description): Fenced
Financial Considerations
- Parking Included: Yes
- Assessment Year: 1944
- Tax Amount: $8,357.53
- Tax Year: 2024
- Pays Sewer: Public Sewer
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 9331090490000
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Schools
Schools serving 1692 Farwell Ave
School Districts:Des Plaines Community Consolidated School District 62, Maine Township High School District 207
| Name | Grades | Distance |
|---|---|---|
Orchard Place Elementary School 2727 Maple Street, Des Plaines, IL 60018 | PK-5 | 0.2 mi |
Iroquois Community School 1836 East Touhy Avenue, Des Plaines, IL 60018 | K-8 | 0.5 mi |
Algonquin Middle School, Des Plaines, IL 767 East Algonquin Road, Des Plaines, IL 60016 | 6-8 | 2.2 mi |
Maine West High School 1755 South Wolf Road, Des Plaines, IL 60018 | 9-12 | 1.7 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1692 Farwell Ave
Date
Details
Price
Change
Source
8/10/2026
Listed
$375,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1692 Farwell Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$8,173
—
$44,000
42%
2023
$8,173
2%
$31,000
—
2022
$7,977
-17%
$31,000
—
2021
$9,571
2%
$31,138
—
2020
$9,410
-12%
$31,138
-22%
2019
$10,680
32%
$39,685
46%
2018
$8,117
2%
$27,141
—
2017
$7,974
6%
$27,141
—
2016
$7,542
-11%
$27,141
-3%
2015
$8,442
2%
$27,924
—
2014
$8,264
3%
$27,924
—
2013
$8,058
-9%
$27,924
-20%
2012
$8,808
—
$34,978
—
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 1692 Farwell Ave
1692 Farwell Avenue, Des Plaines, IL 60018 (MLS# 12729192) is a Single Family property with 5 bedrooms and 2 full bathrooms. 1692 Farwell Avenue is currently listed for $375,000 and was received on August 10, 2026. Want to learn more about 1692 Farwell Avenue? Do you have questions about finding other Single Family real estate for sale in Des Plaines? You can browse all Des Plaines real estate or contact a Coldwell Banker agent to request more information.

