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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.
Full Property Details
Full Property Details for 5316 Fairview Ave
General
- Sold For: $507,000
- Taxes: $10,514 (2024)
- Status: Closed
- Type: Single Family
- Source: MRED
- MLS ID: 12403549
- Added to Site: 226 day(s) ago
Interior
- Interior Features: Vaulted Ceiling(s), 1st-Floor Bedroom, In-Law Floorplan, 1st-Floor Bath, Built-in Features
- Fireplace: Yes
- Fireplace(s): Living Room
- Appliances: Range, Dishwasher, Refrigerator, Washer, Dryer, Stainless Steel Appliance(s), Water Purifier Owned
- Flooring: Hardwood
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
- Bathroom Features: No Tub
Bedrooms
- Total Bedrooms: 4
Additional Information
- Other Features: Commuter Bus, Commuter Train, Flood Zone
Parking
- Garage: Yes
- Attached garage: Yes
- Garage Spaces: 4
- Total Spaces: 4
- Parking Features: Concrete, Garage Door Opener, Heated Garage, Tandem, Garage, Yes, Garage Owned, Attached
Location
- Area: Downers Grove
- County: DuPage
- Driving Directions: Fairview N of 55th st. to property
School Information
- School District: 58
- Midd School District: 58
Community
- Assoc. Fees Include: None
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Natural Gas, Steam, Baseboard
Utilities
- Water: Public
Structural Information
- Architectural Style: Contemporary
- Construction: Cedar
- Exterior Const.: Cedar
- Basement Desc.: None
- Sub-Flooring: Hardwood
- Square Feet: 2,621
- Sq. Ft. Source: Assessor
- Year Built: 1914
- Built Before 1978: Yes
Lot Features
- Lot Size (Acres): 0.49
- Lot Size Range: .25 to .49 Acre
- Lot Dimensions: 72 x 296.9
- Lot Features: Rear of Lot, Mature Trees
Financial Considerations
- Parking Included: Yes
- Assessment Year: 1914
- Tax Amount: $10,514.12
- Tax Year: 2024
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 908418031
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Schools
Schools serving 5316 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 | 1.6 mi |
Community H S Dist 99 - North High School 4436 Main Street, Downers Grove, IL 60515 | 9-12 | 1.3 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 5316 Fairview Ave
Date
Details
Price
Change
Source
12/01/2025
Sold
$507,000
-2.12%
MLS
7/08/2025
Listed
$518,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
5316 Fairview Avenue, Downers Grove, IL 60515 (MLS# 12403549) is a Single Family property that was sold at $507,000 on December 01, 2025. Want to learn more about 5316 Fairview Avenue? Do you have questions about finding other Single Family 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.


