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4405 Fairview Ave, Downers Grove, IL, 60515

2beds
1baths
690sqft
$280,000
$406price/sqft
$2,073/moest. monthly cost
$82,920/yrincome needed

About This Home

Endless potential, but due to current unsafe conditions home can only be seen with a licensed agent and adults in this cozy ranch in prime Downers Grove location! Premium location offers a rare chance to create your dream home. The current home offers 2 bedrooms, 1 bath ,detached 2.5 car garage, and tree lined yard ready for updates, room to grow, new build, or investment. This home is a blank canvas ready for new owners to bring their ideas and creativity. Great location near shopping and restaurants at Oakbrook & Yorktown mall, biking trails, downtown Downers Grove, and easy highway access. Don't miss your opportunity to invest in a home with great potential in a prime location! CAUTIOUN: Property is in distressed condition due to prior water damage. Flooring has been removed and portions of the interior may present tripping other safety hazards. Enter at your own risk. Children are not permitted on the property. All visitors must be accompanied by a licensed real estate agent and required to sign a hold harmless waiver prior to entry.

Getting Around

73
WalkingVery Walkable
23
TransitMinimal Transit
49
BikeSomewhat Bikeable

Schools

8/10
Lester Elementary SchoolGrades PK-60.3 mi
8/10
Herrick Middle SchoolGrades 7-81.2 mi

Construction

Condition

  • Year built: 1923

Materials

  • Roof: Asphalt
  • Construction materials: Frame

Other

  • Builder model: ranch

Type & Style

  • Home type: SingleFamily
  • Architectural style: Ranch
  • Property subType: Single Family Residence

Interior

Basement

  • Has basement: Yes
  • Basement: Crawl Space

Bedroom2

  • Level: Main
  • Area: 108
  • Dimensions: 12X9

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 1

Heating & Cooling

  • Heating features: Natural Gas,Forced Air
  • Cooling features: Window Unit(s)

Interior Area

  • Total structure area: 690
  • Total interior livable area: 690 sqft

Kitchen

  • Level: Main
  • Area: 143
  • Dimensions: 13X11

Living Room

  • Features: Flooring (Other)
  • Level: Main
  • Area: 180
  • Dimensions: 15X12

Master Bedroom

  • Features: Bathroom (Full)
  • Level: Main
  • Area: 154
  • Dimensions: 14X11

Property

Accessibility

  • Accessibility features: No Disability Access

Details

  • Parcel number: 0904300020
  • Special condition: None

Features

  • Stories: 1

Lot

  • Lot size: 10,018 sqft
  • Lot size dimensions: 50x200x50x199.9

Parking

  • Total spaces: 2.5
  • Parking features: Gravel,Yes,Garage Owned,Detached,Garage
  • Has garage: Yes
  • Attached garage spaces: 2.5
  • Covered spaces: 2.5

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
    Cold WaveRelatively High
  • Tornado
    TornadoRelatively High
  • Strong Wind
    Strong WindModerate

How This Home’s Risks Compare

Cold Wave
Tornado
Strong Wind

FEMA Declared Disasters Across Illinois Counties

Flood

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

MonthlyAnnual
Mortgage $1,415$16,980
Home Insurance *$87$1,044
Property Taxes $441$5,292
Electricity $130$1,569
Total$2,073$24,876
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$71,074/yr
40% on housing$62,190/yr
45% on housing$55,280/yr

Illinois FAIR Plan Programs

Illinois FAIR Plan Association

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 1,961Commercial: 62
Total Premiums$4.35M
Total Exposure$370.02M

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.

Insurance Growth Rate5-year average: 11.8%
11.8%
0%30.0%
Electricity Growth Rate10-year average: 5.5%
5.5%
0%15.0%
Property Taxes Growth Rate2-year average: -0.8%
-0.8%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$406This listing

vs Other Active Listings

Avg $/sqft

ZIP 60515$272
DuPage County$270

vs Homes Sold Last Month

Median $/sqft

ZIP 60515$305
DuPage County$260

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

DateEventPrice
1979-05-01Sold$16,000

For Sale by Agent

AgentMichelle Frits
BrokerageAll Exclusive Realty

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