4831 BELMONT Road $1,874,900


    4831 BELMONT Road Downers Grove, IL 60515

    • Commercial
    • MLS# 11371159
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    Views: 54 Days On Site: 171

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    Property Details

    Attention investors don't miss this unique 5 unit townhome in the heart of Downers Grove generating immediate attractive rental income. Each unit offers three levels of living space including 2 Bedrooms, 2.5 or 3.5 Baths and features hardwood floors, spa master baths, in-unit laundry and expansive basements (including two units with finished basements and an extra bathroom). Each townhome has its own oversized attached two car garage. The property is centrally located with a short walk to the Metra Station for easy access to downtown Chicago. The property has high quality tenants that produce strong monthly rental income. Newer buildings with long term rental demand and no vacancy - a complete turn key investment!

    • General Features
      • Additional Parcels Y/N No
      • Area Downers Grove
      • County Or Parish Du Page
      • Electric Expense 162
      • Fuel Expense 0
      • Gross Income 130380
      • Gross Scheduled Income 130380
      • Net Operating Income 98347
      • Number Of Units Total 5
      • Operating Expense 32033
      • Operating Expense1 3075
      • Tax Annual Amount 18132
      • Tax Year 2020
      • Township Lisle
      • Year Built 2008
      • Zoning MULTI
    • Building Features
      • Construction Materials Brick,Concrete
      • Cooling Central Air, Central Individual
      • Electric Circuit Breakers, Separate Meters
      • Fireplaces Total 2
      • Foundation Details Concrete Perimeter
      • Stories 2
    • Property Features
      • Lot Size Acres 0
      • Lot Size Dimensions 60 X 231
      • Lot Size Square Feet 13626
      • Parcel Number 0812212009
      • Parking Total 15


    Michele Nixon

    Michele Nixon

    Sales Manager


    Primary: 630-674-9209


    60515 (Downers Grove) Demographics

    44 Median Age
    2,457 Population Density (per sq. mile)
    67% College Educated
    $100,727 Estimated Median Income
    8,866 Estimated Total Home Owners
    2,593 Estimated Total Renters
    77% / 23% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    27,978 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $472,000 Median Sales Price
    35 Homes Sold
    42 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $1,874,900
        7/29/2022 12:17:33 AM Status Changed Source: Multiple Listing Service New Value: Active
        7/23/2022 12:17:23 PM Status Changed Source: Multiple Listing Service New Value: Price Change
        7/23/2022 12:17:23 PM Price Reduced Source: Multiple Listing Service New Value: $1,874,900 -0.01%
        6/21/2022 12:17:52 AM Status Changed Source: Multiple Listing Service New Value: Active
        6/15/2022 4:17:31 PM Status Changed Source: Multiple Listing Service New Value: Price Change
        6/15/2022 4:17:31 PM Price Reduced Source: Multiple Listing Service New Value: $1,875,000 -6.2%
        5/10/2022 12:17:47 AM Status Changed Source: Multiple Listing Service New Value: Active
        5/4/2022 11:47:24 AM Price Reduced Source: Multiple Listing Service New Value: $1,999,000 -2.25%
        5/4/2022 11:47:24 AM Status Changed Source: Multiple Listing Service New Value: Price Change
        4/28/2022 12:17:45 AM Status Changed Source: Multiple Listing Service New Value: Active
        4/22/2022 7:47:19 PM Status Changed Source: Multiple Listing Service New Value: Price Change
        4/22/2022 7:47:19 PM Price Reduced Source: Multiple Listing Service New Value: $2,045,000 -2.39%
        4/15/2022 12:17:29 AM Status Changed Source: Multiple Listing Service New Value: Active
        4/9/2022 8:18:00 PM New in Database Source: Multiple Listing Service New Value: $2,095,000

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        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.