Investor | Builder Opportunity in Prime Des Plaines Location! Attention investors, rehabbers, and builders: this is the opportunity you've been waiting for. Situated on an expansive 103 x 180 lot (approx. 0.41 acres) in a highly desirable Des Plaines neighborhood, this property offers incredible potential for renovation, redevelopment, or new construction. The existing home features 5 bedrooms, 2 bathrooms, and over 2,100 square feet of living space, making it ideal for a full rehab project or rental hold. The property is being sold AS-IS. Unique architectural details such as birch plank-and-beam ceilings and a custom staircase add character and potential value. The oversized lot presents a rare opportunity for builders, with potential to tear down and build new, or explore redevelopment options (buyer to verify zoning and subdivision possibilities). Located in a sought-after area of Des Plaines known for its convenient access to O'Hare Airport, major expressways, strong local economy, and highly rated schools, this property is perfectly positioned for both resale and long-term investment. Sold AS-IS. Cash or renovation loans preferred.
New
$375,000
1692 Farwell Ave, Des Plaines, IL 60018
5beds
2,157sqft
Single Family Residence
Built in 1944
0.41 Acres Lot
$367,300 Zestimate®
$174/sqft
$-- HOA
What's special
Custom staircaseOversized lotBirch plank-and-beam ceilings
- 2 days |
- 556 |
- 17 |
Zillow last checked:
Listing updated:
Listed by:
Ubaldo Diaz, MRP (708)887-2488,
Real Broker, LLC
Source: MRED as distributed by MLS GRID,MLS#: 12729192
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 2
- Full bathrooms: 2
Rooms
- Room types: Bedroom 5
Primary bedroom
- Features: Flooring (Carpet), Window Treatments (Blinds)
- Level: Second
- Area: 260 Square Feet
- Dimensions: 20X13
Bedroom 2
- Features: Flooring (Carpet), Window Treatments (All)
- Level: Second
- Area: 154 Square Feet
- Dimensions: 14X11
Bedroom 3
- Features: Flooring (Carpet), Window Treatments (All)
- Level: Second
- Area: 140 Square Feet
- Dimensions: 14X10
Bedroom 4
- Features: Flooring (Carpet), Window Treatments (All)
- Level: Main
- Area: 100 Square Feet
- Dimensions: 10X10
Bedroom 5
- Features: Flooring (Carpet), Window Treatments (All)
- Level: Main
- Area: 99 Square Feet
- Dimensions: 11X9
Family room
- Features: Flooring (Carpet), Window Treatments (Blinds)
- Level: Main
- Area: 242 Square Feet
- Dimensions: 11X22
Kitchen
- Features: Kitchen (Eating Area-Table Space), Flooring (Vinyl), Window Treatments (Blinds)
- Level: Main
- Area: 264 Square Feet
- Dimensions: 22X12
Living room
- Features: Flooring (Carpet), Window Treatments (Blinds)
- Level: Main
- Area: 288 Square Feet
- Dimensions: 12X24
Heating
- Natural Gas, Forced Air
Cooling
- Central Air
Appliances
- Included: Range, Dishwasher, Refrigerator, Washer, Dryer
Features
- Cathedral Ceiling(s)
- Basement: None
- Attic: Unfinished
Interior area
- Total structure area: 0
- Total interior livable area: 2,157 sqft
Property
Parking
- Total spaces: 2
- Parking features: Concrete, Yes, Garage Owned, Attached, Garage
- Attached garage spaces: 2
Accessibility
- Accessibility features: No Disability Access
Features
- Stories: 2
- Patio & porch: Patio
- Fencing: Fenced
Lot
- Size: 0.41 Acres
- Dimensions: 103X180
Details
- Parcel number: 09331090490000
- Special conditions: None
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Aluminum Siding, Frame
- Foundation: Concrete Perimeter
- Roof: Asphalt,Rubber
Condition
- New construction: No
- Year built: 1944
Utilities & green energy
- Electric: 200+ Amp Service
- Sewer: Public Sewer
- Water: Lake Michigan
Community & HOA
HOA
- Services included: None
Location
- Region: Des Plaines
Financial & listing details
- Price per square foot: $174/sqft
- Tax assessed value: $310,000
- Annual tax amount: $8,357
- Date on market: 8/12/2026
- Ownership: Fee Simple
Estimated market value
Zestimate®
$367,300
Estimated sales range
$349,000 - $386,000
Rent Zestimate®
$3,425/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/12/2026 | Listed for sale | $375,000+33.9%$174/sqft |
Source: | ||
| 3/10/2015 | Listing removed | $280,000$130/sqft |
Source: RE/MAX Suburban #08624405 Report a problem | ||
| 11/6/2014 | Price change | $280,000-1.8%$130/sqft |
Source: RE/MAX Suburban #08624405 Report a problem | ||
| 9/15/2014 | Price change | $285,000-1.7%$132/sqft |
Source: RE/MAX Suburban #08624405 Report a problem | ||
| 8/10/2014 | Price change | $290,000-1.7%$134/sqft |
Source: RE/MAX Suburban #08624405 Report a problem | ||
| 7/6/2014 | Price change | $295,000-4.8%$137/sqft |
Source: RE/MAX Suburban #08624405 Report a problem | ||
| 5/25/2014 | Listed for sale | $310,000+205.9%$144/sqft |
Source: RE/MAX Suburban #08624405 Report a problem | ||
| 9/15/1993 | Sold | $101,333$47/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $8,358 +2.3% | $31,000 |
| 2023 | $8,173 +2.5% | $31,000 |
| 2022 | $7,977 -16.7% | $31,000 -0.4% |
| 2021 | $9,571 +1.7% | $31,138 |
| 2020 | $9,410 -11.9% | $31,138 -21.5% |
| 2019 | $10,680 +31.6% | $39,685 +46.2% |
| 2018 | $8,117 +1.8% | $27,141 |
| 2017 | $7,974 +5.7% | $27,141 |
| 2016 | $7,542 -10.7% | $27,141 -2.8% |
| 2015 | $8,442 +2.2% | $27,924 |
| 2014 | $8,264 +2.6% | $27,924 |
| 2013 | $8,058 -8.5% | $27,924 -20.2% |
| 2012 | $8,808 +4.8% | $34,978 |
| 2011 | $8,406 +1.3% | $34,978 |
| 2010 | $8,297 -7% | $34,978 -12.9% |
| 2009 | $8,923 +4.6% | $40,176 -12% |
| 2008 | $8,533 +2.4% | $45,655 |
| 2007 | $8,332 +47.4% | $45,655 +57% |
| 2006 | $5,653 +2.1% | $29,083 |
| 2005 | $5,535 +3.9% | $29,083 |
| 2004 | $5,326 +10.4% | $29,083 +7.8% |
| 2003 | $4,822 +3.1% | $26,981 |
| 2002 | $4,680 +17.1% | $26,981 |
| 2001 | $3,996 +1.5% | $26,981 +21.2% |
| 2000 | $3,935 +2.4% | $22,258 |
| 1999 | $3,841 | $22,258 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 60018
Nearby schools
GreatSchools rating
- 5/10Orchard Place Elementary SchoolGrades: K-5Distance: 0.2 mi
- 8/10Iroquois Community SchoolGrades: K-8Distance: 0.5 mi
- 9/10Maine West High SchoolGrades: 9-12Distance: 1.7 mi
Schools provided by the listing agent
- District: 62
Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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