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5938 Dunham Road, Downers Grove, IL 60516
$269,900 Contingent
5938 Dunham Road, Downers Grove, IL 60516View this property at 5938 Dunham Road, Downers Grove, IL 60516
5938 Dunham RoadDowners GroveIL60516
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Property Description
ATTENTION: Investors, savvy Buyers, or Builders! Check out this rare opportunity! The subject property has two small single-family homes on two separate parcels with two separate PIN #'s (0918401023 & 0918401013) Lot sizes: (52 X 200 & 52 X 69) with a combined lot size of 52 X 269. Each parcel has a small cottage, the front property is a 2 Bedroom/1 Bathroom/Carport, and the back property has a 1 Bedroom/1 Bathroom with a side driveway and separate parking apron. Both homes are currently rented on month-to-month leases with both tenants wanting to stay in place. Both are long-time tenants and the current rents are $1,100/Front & $675/Back for a combined total income of $21,300/year. The Front parcel is on Lake water & public sewer, the Back parcel is on Lake water and Septic tank at the rear corner of the property. Both properties have storage sheds & common driveway access with convenient parking and turnaround capability/guest parking etc. All exteriors have been updated with the replacement of siding, roofs, windows, and HVAC with a decent amount of life left on all of them. Current Expenses: Lawn Care $1,900; Insurance $1,800; Water & Sewer $1,800; Combined Taxes $6,410; Miscellaneous $1,000 for about $12,900 in expenses. SOME GREAT OPTIONS TO CONSIDER: 1. Buyer could live in the front house and rent out the back house (keep current tenant) to help pay off a 15-year mortgage in record time. 2. An Investor could rent out both homes and collect over $20,000+ in yearly income and write off most of the yearly expenses. 3. A Builder could build on the Front parcel (no basement per Village of DG FEMA MAP) and possibly keep the Back parcel as a cottage or expand it and go up to create a generational living situation on the property. This unique opportunity offers many investment options to fit your needs. Enjoy living in the heart of DG with a walk to top-rated DG Schools and in a lovely area of higher-end homes. NOTE: We do not wish to disturb the current tenants - DO NOT WALK THE PROPERTY WITHOUT AN APPOINTMENT! We will schedule times to gain access to the properties ONLY for serious interested parties. If there are too many interested, we will schedule a specific day & time segment to accommodate showing to All. Ideally, both Tenants would like to remain in place but can vacate upon the sale of the property within a reasonable timeframe for closing. Builders, please contact Mario Dovalina at DG Building & Planning Dept regarding any FEMA regulations. No Keybox, appointment only. We will need a minimum of 48-hour notice for scheduling-Afternoons are preferred.
Full Property Details
Full Property Details for 5938 Dunham Rd
General
- Price: $269,900
- Taxes: $6,410 (2022)
- Status: Contingent
- Type: Single Family
- MLS ID: 12017718
- Updated: 4/19/2024
- Added to Site: 17 day(s) ago
Interior
- Basement: None
- Interior Features: Hardwood Floors, Wood Laminate Floors, First Floor Bedroom, First Floor Full Bath
- Appliances: Range, Refrigerator, Washer, Dryer
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 3
Additional Information
- Other Features: Commuter Bus, Flood Zone (Partial)
Parking
- Total Spaces: 4
- Parking Features: Off-Street, Side Apron
- Parking Type: Space(s)
- Parking On-Site: Yes
Location
- Area: Downers Grove
- County: DuPage
- Township: Downers Grove
- Driving Directions: Maple Ave to Dunham Rd S to home
School Information
- School District: 58
- Elem School District: 58
- Midd School District: 58
- High School District: 99
- Elementary School: Hillcrest Elementary School
- Middle School: O Neill Middle School
- High School: South High School
- Private School: South High School
Community
- Assoc. Fees Include: None
Heating & Cooling
- Cooling Type: None
- Heating Type: Natural Gas, Electric, Forced Air, Baseboard
Utilities
- Sewer: Public Sewer
- Water: Lake Michigan
Structural Information
- Architectural Info: Cottage
- Architectural Style: Cottage
- Exterior Const.: Vinyl Siding
- Basement Desc.: None
- Roof: Asphalt
- Square Feet: 1,186
- Sq. Ft. Source: Assessor
- Year Built: 1923
- Built Before 1978: Yes
- Remodeled/Updated: 2007
Lot Features
- Lot Size Range: .25 to .49 Acre
- Lot Dimensions: 52 x 269
- Driveway/Sidewalk: Asphalt
- Lot Features: Sidewalks
Financial Considerations
- Parking Included: Yes
- Assessment Year: 1923
- Tax Amount: $6,410.3
- Tax Year: 2022
- Pays Sewer: Public Sewer
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 918401013
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Schools
Schools serving 5938 Dunham Rd
School Districts:Community High School District 99, Downers Grove Gsd 58
Rating | Name | Grades | Distance |
---|---|---|---|
1435 Jefferson Ave, Downers Grove, IL 60516 | K-6 | 0.2 mi | |
635 59th St, Downers Grove, IL 60516 | 6-8 | 0.9 mi | |
1436 Norfolk St, Downers Grove, IL 60516 | 9-12 | 0.5 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 5938 Dunham Rd
Date
Details
Price
Change
Source
4/12/2024
Listed
$269,900
26.12%
MLS
8/15/2002
Sold
$214,000
—
Public Record
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 5938 Dunham Rd
Year
Property Taxes
Change
Tax Assessment
Change
2022
$1,553
7%
$26,570
1%
2021
$1,454
2%
$26,270
2%
2020
$1,429
3%
$25,750
4%
2019
$1,386
71%
$24,710
73%
2018
$810
16%
$14,280
17%
2017
$696
19%
$12,170
22%
2016
$585
1%
$9,940
6%
2015
$581
—
$9,350
3%
2014
$582
2%
$9,090
1%
2013
$570
3%
$9,040
-4%
2012
$551
—
$9,450
—
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 5938 Dunham Rd
5938 Dunham Road, Downers Grove, IL 60516 (MLS# 12017718) is a Single Family property with 3 bedrooms and 2 full bathrooms. 5938 Dunham Road is currently listed for $269,900 and was received on April 12, 2024. Want to learn more about 5938 Dunham Road? 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.