4900-4906 Fairview Avenue

Downers Grove is located just 25 miles west of Chicago and is one of the most vibrant and thriving villages in DuPage County. Known for its active downtown, natural attractions, community events, and large employer base, Downers Grove is one the premier Chicago suburbs in which to live and work. One of the suburb's many appealing characteristics include its highly ranked schools. According to Livability.com, Downers Grove is one of the Top 10 Livable Cities for kids and has been recognized by Forbes as one of America’s Friendliest Towns. Serviced by numerous expressways and commuter rail stations, residents of Downers Grove have direct and convenient access to Chicago as well as neighboring villages of Naperville, Westmont, Lisle, and Hinsdale. In addition, several corporate and regional headquarters are located in Downers Grove including Advocate Aurora Health Care, Dover Corporation, and Pepperidge Farm. These companies employ thousands of local residents and support the suburb's robust economic base.Essex Realty Group, Inc. has been exclusively engaged to market for sale 4900-4906 Fairview Ave, a ten-unit property in the highly desirable suburb of Downers Grove, IL. The property features nine (9) one-bedroom/one-bathroom units and one (1) office space. With a stabilized cap rate of 7.11%, this property presents an attractive investment opportunity. Located just 0.2 miles from the Fairview Ave BNSF Metra train stop, the property offers tenants convenient access to Downtown Chicago. Additionally, it is only 1 mile from Downtown Downers Grove, where residents can enjoy a wide range of shops, restaurants, and entertainment options. The nine residential units provide comfortable living spaces, while the on-site office space adds further value add potential. The combination of its proximity to transportation, local amenities, and a stabilized income stream makes this property a strong investment. According to FEMA, the property is located in a 1% annual chance of flood hazard zone, although there have been no reported floods under current ownership.