548 Prairie Avenue
Downers Grove, IL 60515
$600,000
Rare Downers Grove two flat offering immediate cash flow with both units currently leased, an investor's dream or a savvy owner occupant's entry into real estate. This well maintained property sits just steps from the Fairview Metra station, Hummer Park, and top rated schools. The main level unit delivers 1,129 square feet of above grade living space with 3 bedrooms and 1 full bath. Gorgeous floors flow throughout the open layout, highlighted by a charming arched doorway and abundant natural light. The updated kitchen features quartz countertops white cabinetry and stainless steel appliances including a gas range, dishwasher, and refrigerator. The remodeled bath showcases a marble style tiled tub surround and tile flooring. A showstopping enclosed front sunroom with wrap-around windows adds flexible living space. In-unit washer and dryer included. The basement provides excellent storage and additional utility. The second floor unit offers 886 square feet with 2 bedrooms and 1 full bath. The spacious living area features ceiling fans and great natural light. The kitchen includes quartz countertops, gas range, dishwasher, and stainless refrigerator. The updated bath features a modern vanity and luxury vinyl plank flooring. This unit features its own private entrance with in-unit washer and dryer. Each tenant pays their own electric, gas, heat, scavenger, sewer, and water. Five exterior parking spaces included. Don't miss this turnkey income property in one of Downers Grove's most walkable neighborhoods!
| Listing Id: | 12683140 |
|---|---|
| List Price: | $600,000 |
| Close Price: | $600,000 |
| Close Date: | 2026-08-28 |
| Property Type: | Residential Income |
| Property Type: | Two to Four Units |
| Status: | Closed |
| Bedrooms Total: | 5 |
| Bathrooms Full: | 2 |
| Parking On Site: | Yes |
| Tax Annual Amount: | $9,625 |
| City: | Downers Grove |
| County Or Parish: | Dupage |
| Postal Code: | 60515 |
| Year Built: | 1927 |
| Basement: | true |
| Basement: | Unfinished, Full |
| Bathrooms Total Integer: | 2 |
| Bedrooms Possible: | 5 |
| Community Features: | Park, Curbs, Sidewalks, Street Paved |
| Construction Materials: | Vinyl Siding |
| Directions: | Prairie Ave W of Fairview |
| Elementary School: | Lester Elementary School |
| Elementary School District: | 58 |
| Foundation Details: | Block |
| Heating: | Natural Gas |
| High School: | North High School |
| High School District: | 99 |
| Insurance Expense: | $1,621 |
| Listing Contract Date: | 2026-07-08 |
| Lot Size Acres: | 0.19 |
| Lot Size Dimensions: | 8125 |
| Middle Or Junior School: | Herrick Middle School |
| Middle Or Junior School District: | 58 |
| MLS Area Major: | Downers Grove |
| Age: | 91-100 Years |
| Agent Owned/Interest (Y/N): | No |
| Built Before 1978 (Y/N): | Yes |
| 3 Br Un In Bldg (Y/N): | Yes |
| Corporate Limits: | Downers Grove |
| Finance Code: | Conventional |
| # Full Baths In Building: | 2 |
| Other Expenses $: | 1000 |
| # Half Baths In Building: | 0 |
| General Information: | None |
| Insurance Expense Source: | Actual |
| Lot Size: | Less Than .25 Acre |
| Market Code: | Off-Market |
| Other Expense Source: | Actual |
| Rebuilt (Y/N): | No |
| Rehab (Y/N): | No |
| Total Rental Income $: | 56400 |
| Special Assessments: | N |
| Trash Expense Source: | Actual |
| Short Sale: | Not Applicable |
| Special Service Area: | N |
| Type Multi: | 2 Flat |
| Tax Exemptions: | Homeowner |
| Update Date: | 2026-08-29T01:07:31 |
| Net Operating Income: | $43,506 |
| Original List Price: | $600,000 |
| Other Equipment: | Ceiling Fan(s), Sump Pump |
| Ownership: | Fee Simple |
| Parcel Number: | 0908213025 |
| Parking Features: | Off Street, Driveway, Yes, Owned |
| Parking Total: | 5 |
| Possession: | Tenant's Rights |
| Roof: | Asphalt |
| Rooms Total: | 10 |
| Sewer: | Public Sewer |
| Special Listing Conditions: | None |
| State Or Province: | IL |
| Tax Year: | 2025 |
| Township: | Downers Grove |
| Trash Expense: | $648 |
| Water Source: | Public |
| Actual Status: | Closed |
| Lot Size Source: | County Records |
| Patio And Porch Features: | Deck |
| Activation Date: | 2026-06-25 |
| Total # Units In Building: | 2 |
| Total # Units In Building: | 2 |
Listing Courtesy of: Platinum Partners Realtors
Listing Agent: Sabrina Glover
630-523-9989
Buyer Represented by: Berkshire Hathaway HomeServices Chicago
Selling Agent: Hileary Cleary
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Midwest Real Estate Data LLC data last updated on October 08, 2026 03:47 PM - CT
Based on information submitted to the MLS GRID as of October 08, 2026 03:47 PM - CT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. Some listings have been excluded from this website.
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Property Last Updated: October 08, 2026 03:47 PM - CT
