5152 Fairview Avenue Downers Grove, IL 60515

Chicago Real Estate Resources is proud to present 5152 Fairview Ave in Downers Grove, Illinois. The subject property is 3-minute walk to the Metra station and comprised of ten well-maintained one-bedroom one-bathroom apartments, coin laundry, as well as a large parking lot that provides ample parking for all of the tenants. 5152 Fairview Ave features a newer roof and new hot water heater. One of the units has been fully rehabbed and features granite counters, new cabinets, stainless steel appliances, and a new bathroom. The remaining units have been well-maintained with vintage charm. Most of the units are home to long-term tenants with below market rents. There is an opportunity to significantly increase revenue by bringing the rents to market in as-is condition, for apply cosmetic updates to increase gains even further.