22W537 Cherry Ln, Glen Ellyn, IL, 60137
About This Home
Opportunity awaits at 22W537 Cherry Lane in highly sought-after unincorporated Glen Ellyn! Nestled among luxury homes and surrounded by upscale new construction, this property offers incredible potential for builders, investors, or buyers looking to create their dream home. Situated on a prime piece of land, the true value is in the lot-perfect for a teardown or full-scale renovation. The location speaks for itself, with high-end homes next door and within walking distance, making this an ideal setting for a custom build that will fit right into the surrounding neighborhood. The existing home features city water, solar panels, and a Tesla charging station already in place-valuable additions for future development or renovation.
Getting Around
Somewhat Walkable
Minimal Transit
BikeableSchools
Construction
Condition
- Year built: 1953
Materials
- Construction materials: Brick
Type & Style
- Home type: SingleFamily
- Property subType: Single Family Residence
Interior
Basement
- Basement: None
Bedroom2
- Level: Main
- Area: 110
- Dimensions: 11X10
Bedroom3
- Level: Main
- Area: 90
- Dimensions: 10X9
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
Family Room
- Level: Main
- Area: 195
- Dimensions: 15X13
Features
- Number of fireplaces: 1
- Fireplace features: Gas Starter,Living Room
- Fireplace: Yes
Heating & Cooling
- Heating features: Natural Gas
- Cooling features: Central Air
Interior Area
- Total structure area: 0
- Total interior livable area: 1,339 sqft
Kitchen
- Level: Main
- Area: 100
- Dimensions: 10X10
Living Room
- Level: Main
- Area: 272
- Dimensions: 17X16
Master Bedroom
- Level: Main
- Area: 132
- Dimensions: 12X11
Property
Accessibility
- Accessibility features: No Disability Access
Details
- Parcel number: 0502309005
- Special condition: List Broker Must Accompany
Features
- Stories: 1
Lot
- Lot size: 0.27 Acres
- Lot size dimensions: 75x158
Parking
- Total spaces: 5
- Parking features: Yes,Garage Owned,Attached,Owned,Garage
- Has garage: Yes
- Attached garage spaces: 1
- Covered spaces: 1
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Cold Wave
- Strong Wind
- Tornado
- Inland Flooding
- Lightning
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters Across Illinois Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $2,528 | $30,336 |
| Home Insurance * | $146 | $1,752 |
| Property Taxes | $787 | $9,444 |
| Electricity | $130 | $1,569 |
| Total | $3,591 | $43,092 |
Income You'd Need if You Spent...
Illinois FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-01 | Listed for sale | $525,000 |
| 2001-03-27 | Sold | $152,000 |
For Sale by Agent
View on Zillow