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724 Warren Ave APT 101, Downers Grove, IL, 60515

1beds
1baths
670sqft
$175,000
$261price/sqft
$1,343/moest. monthly cost
$53,720/yrincome needed

About This Home

Need to be within blocks from the Burlington Metra Station? This is the condo for you. Only 0.3 miles to the train station and a couple of blocks to downtown Downers Grove with all the shops & restaurants it has to offer. This gorgeous 1st floor condo is ready to move into featuring LVP flooring throughout, remodeled kitchen with maple cabinets & quartz countertops, and updated bath. Freshly painted! Private patio. Assigned parking space plus visitor parking. Laundry in the building just steps from the unit. Investor friendly association. Rent with option to buy or Lease Purchase possible.

Getting Around

85
WalkingVery Walkable
36
TransitSome Transit
58
BikeBikeable

Schools

8/10
Lester Elementary SchoolGrades PK-60.8 mi
8/10
Herrick Middle SchoolGrades 7-81.1 mi

Construction

Condition

  • Year built: 1978

Materials

  • Construction materials: Brick

Notable Dates

  • Major remodel year: 2013

Type & Style

  • Home type: Condo
  • Property subType: Condominium,Single Family Residence

Interior

Appliances

  • Appliances included: Range,Dishwasher,Refrigerator

Basement

  • Basement: None

Bedrooms & Bathrooms

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

Dining Room

  • Features: Flooring (Luxury Vinyl)
  • Level: Main
  • Area: 130
  • Dimensions: 13X10

Heating & Cooling

  • Heating features: Electric,Baseboard
  • Cooling features: Wall Unit(s)

Interior Area

  • Total structure area: 0
  • Total interior livable area: 670 sqft

Kitchen

  • Features: Flooring (Luxury Vinyl)
  • Level: Main
  • Area: 80
  • Dimensions: 10X8

Living Room

  • Features: Flooring (Luxury Vinyl)
  • Level: Main
  • Area: 204
  • Dimensions: 17X12

Master Bedroom

  • Features: Flooring (Luxury Vinyl)
  • Level: Main
  • Area: 121
  • Dimensions: 11X11

Property

Accessibility

  • Accessibility features: No Disability Access

Details

  • Parcel number: 0908230001
  • Special condition: None
  • Other equipment: Ceiling Fan(s)

Parking

  • Total spaces: 1
  • Parking features: Assigned,Yes

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
  • Inland Flooding
    Inland FloodingModerate
  • Strong Wind
    Strong WindModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

Cold Wave
Inland Flooding
Strong Wind
Tornado

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 $884$10,608
Home Insurance *$54$648
Property Taxes $275$3,300
Electricity $130$1,569
Total$1,343$16,116
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$46,045/yr
40% on housing$40,290/yr
45% on housing$35,813/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

$261This listing

vs Other Active Listings

Avg $/sqft

ZIP 60515$273
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
2016-11-12Listing removed$995
2016-03-25Listing removed$975
2016-03-02Price change$975
2016-01-05Listed for rent$995
2015-11-14Listing removed$995
2015-09-19Listed for rent$995
2014-08-17Listing removed$950
2014-07-17Listed for rent$950
2013-05-25Listing removed$925
2013-05-15Listed for rent$925
2000-09-13Sold$62,000
1997-10-31Sold$54,000
1997-07-09Sold$52,000

For Sale by Agent

AgentAnnette Panzek, ABR,AHWD,CNC,GRI,SFR,SRS
BrokerageAnnette C Panzek LTD

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