Has 2 Naperville Electric Department meters 516 Spring and 516A Spring, divided by floor. Was used as a rent-by-room for decades. Rent-by-room is no longer an accepted use at this address. NEEDS A KITCHEN TO BE INSTALLED ON SECOND FLOOR TO BE USED AS A 2-FLAT. Or use as single family. Value is in the land, needs extensive restoration/rehab. SOLD STRICTLY AS-IS. Industrial use across the street has now been rezoned to R-2, single family and low density multi-family. Great investment potential at this price, lowest tear-down price in the hottest downtown Naperville neighborhood. Has alley access in back.
Closed
$265,000
516 Spring Ave, Naperville, IL 60540
4beds
--sqft
Multi Family
Built in 1906
-- sqft lot
$600,600 Zestimate®
$--/sqft
$2,233 Estimated rent
Home value
$600,600
$523,000 - $691,000
$2,233/mo
Zestimate® history
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Zillow last checked: 8 hours ago
Listing updated: December 18, 2023 at 12:00am
Listing courtesy of:
Constance Highland 630-667-5334,
Baird & Warner
Bought with:
Lori Johanneson
@properties Christie's International Real Estate
Source: MRED as distributed by MLS GRID,MLS#: 11902650
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 3
Heating
- Natural Gas, Forced Air
Features
- Basement: Partially Finished,Full
Property
Parking
- Total spaces: 3
- Parking features: Off Alley, Off Street, Driveway, Alley Access, On Site, Owned
- Has uncovered spaces: Yes
Lot
- Size: 8,700 sqft
- Dimensions: 50X174
Details
- Parcel number: 0713220003
- Zoning: MULTI
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Aluminum Siding
Condition
- New construction: No
- Year built: 1906
Utilities & green energy
- Sewer: Public Sewer
- Water: Lake Michigan
Community & neighborhood
Location
- Region: Naperville
Other
Other facts
- Listing terms: Renovation Loan
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 8/26/2024 | Listing removed | $3,995-4.9% |
Source: MRED as distributed by MLS GRID #12100051 Report a problem | ||
| 8/19/2024 | Price change | $4,200-6.7% |
Source: MRED as distributed by MLS GRID #12100051 Report a problem | ||
| 8/5/2024 | Listed for rent | $4,500 |
Source: MRED as distributed by MLS GRID #12100051 Report a problem | ||
| 12/15/2023 | Sold | $265,000-24.3% |
Source:  MRED as distributed by MLS GRID #11902650 Report a problem | ||
| 10/18/2023 | Contingent | $350,000 |
Source: MRED as distributed by MLS GRID #11902650 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $9,546 +5.2% | $155,662 +11.3% |
| 2023 | $9,075 +9.1% | $139,870 +8.6% |
| 2022 | $8,320 +3.5% | $128,760 +3.7% |
Find assessor info on the county website
Neighborhood: 60540
Nearby schools
GreatSchools rating
- 6/10Naper Elementary SchoolGrades: K-4Distance: 0.3 mi
- 5/10Washington Jr High SchoolGrades: 5-8Distance: 0.4 mi
- 10/10Naperville North High SchoolGrades: 9-12Distance: 0.4 mi
Schools provided by the listing agent
- Elementary: Naper Elementary School
- Middle: Washington Junior High School
- High: Naperville North High School
- District: 203
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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Estimated market value
$600,600
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$600,600
- Illinois
- DuPage County
- Naperville
- 60540
- 516 Spring Ave