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5316 Fairview Avenue, 
Downers Grove, IL 60515

$518,000


4

Beds


3

Baths


2,621

Sq Ft


Single Family

Active

Listed by

Donna Glazer

Keller Williams Experience

Last updated:

July 14, 2025, 11:40 AM

MLS#

12403549

Source:

MLSNI

About This Home

5316 Fairview Avenue

CALLING ALL REHABBERS & BUILDERS - ENDLESS POTENTIAL AWAITS! This truly one of a kind 4-bedroom, 3-bathroom home is a hidden gem, on an oversized lot - originally built in the early 1900's - rebuilt in 1991 and now ready to be transformed by you! With solid bones and a layout that offers incredible flexibility, this property is perfect for someone looking to customize, renovate, or reimagine. Whether you're a rehabber or builder with vision-this one has TONS of potential! Upstairs you'll find a huge primary suite, with a bathroom that's already demoed and ready for your personal touch. There's plenty of room to build out a spa-like retreat. There used to be a balcony off the master-though it's been removed, the structural supports remain, making it possible to rebuild and restore a beautiful outdoor space. Two more bedrooms, a large loft area, and a stunning full bath with updated tile work complete the second floor - with stunning Brazilian Cherry flooring. The main level features a fourth bedroom and another full bath, along with a formal living room, family room, dining room, and kitchen-perfect for entertaining or flexible living. Flooring includes Brazilian Cherry hardwood, paired with hand-forged wrought iron spindles and oak banisters. The kitchen offers birch cabinets, granite tile countertops, and reverse osmosis water filtration. Take just a few steps down to find the mechanical room and a rare 4-car tandem garage with plenty of room for storage, projects, or car enthusiasts -PLUS- it's heated! (Garage is easily converted to be able to accommodate campers or large boats!) Outside, the backyard once featured a pool, and the electric and gas lines are still in place, making it easy to add a heated pool if desired. Note: The backyard is located in a floodplain, so future improvements should be planned accordingly. Work is needed-but the possibilities are endless! Bring your unique eye for the possibilities, and unlock the potential in this one-of-a-kind property. Enjoy the ultimate convenience of this prime location-just a short walk to the train, town, and all that vibrant Downtown Downers Grove has to offer, including local shops, restaurants, and year-round events like the Saturday morning farmers market, summer concerts at Fishel Park, Summer Friday Night Classic Car Shows, and the always-popular Rotary GroveFest. Roof new in 2020.

Home Facts

Single Family

3 Baths

4 Bedrooms

Built in 1914

Price Summary

518,000

$197 per Sq. Ft.

MLS #:

12403549

Last Updated:

July 14, 2025, 11:40 AM

Added:

7 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

4

Bathrooms

Total Bathrooms:

3

Full Bathrooms:

3

Interior

Living Area:

2,621 Sq. Ft.


Structure

Structure

Architectural Style:

Contemporary

Building Area:

2,621 Sq. Ft.

Year Built:

1914


Lot

Lot Size (Sq. Ft):

21,344


Finances & Disclosures

Finances

Price:

$518,000

Price per Sq. Ft:

$197 per Sq. Ft.

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