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$1,500,000
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Property Description
Introducing a prime multifamily investment opportunity in Downers Grove, IL. This impressive property boasts a 6,895 SF building with 10 units, offering a lucrative investment potential. Built in 1960, the property features a desirable low-rise/garden layout and is strategically zoned R-6. Situated in the sought-after Downers Grove area, this property presents an attractive prospect for investors seeking a well-maintained, income-generating asset. With its solid construction, ample living space, and favorable zoning, this multifamily property is poised to deliver long-term value and attractive returns in the thriving Downers Grove market.
Full Property Details
Full Property Details for 5152 Fairview Ave
General
- Sold For: $1,500,000
- Taxes: $17,088 (2023)
- Status: Closed
- Type: Commercial
- Source: MRED
- MLS ID: 12386496
- Added to Site: 224 day(s) ago
Location
- Area: Downers Grove
- County: DuPage
- Driving Directions: Heading E on Ogden Ave, turn right onto Fairview. Property will be on the right.
Heating & Cooling
- Cooling Type: Window Unit(s)
- Heating Type: Radiant
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Stories/Levels: 2
- Current Bldg. Use: Multi-Family
- Year Built: 1960
- Built Before 1978: Yes
Lot Features
- Lot Size (Acres): 0.45
- Lot Dimensions: 66 x 296
- Zoning: MULTI
Financial Considerations
- Operating Expenses: $68,598
- Assessment Year: 1960
- Tax Amount: $17,088
- Tax Year: 2023
- Tenant Pays: Electricity
Disclosures and Reports
- Property ID: 908411030
Listed by Keller Williams Premiere Properties
Sold by Non Member
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Schools
Schools serving 5152 Fairview Ave
School Districts:Downers Grove Grade School District 58, Community High School District 99
| Name | Grades | Distance |
|---|---|---|
Whittier Elementary School, Downers Grove, IL 536 Hill Street, Downers Grove, IL 60515 | K-6 | 0.2 mi |
Herrick Middle School 4335 Middaugh Avenue, Downers Grove, IL 60515 | 7-8 | 1.5 mi |
Community H S Dist 99 - North High School 4436 Main Street, Downers Grove, IL 60515 | 9-12 | 1.2 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 5152 Fairview Ave
Date
Details
Price
Change
Source
9/25/2025
Sold
$1,500,000
-6.25%
MLS
6/06/2025
Listed
$1,600,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
5152 Fairview Avenue, Downers Grove, IL 60515 (MLS# 12386496) is a Commercial property that was sold at $1,500,000 on September 25, 2025. Want to learn more about 5152 Fairview Avenue? Do you have questions about finding other Commercial real estate for sale in Downers Grove? You can browse all Downers Grove real estate or contact a Coldwell Banker agent to request more information.

