Last Sold Price
4 beds
516 Spring Ave, Naperville, IL 60540

Description

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...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.
LISTING CLOSED: 12/15/2023 12:00 AM

  1. Listed by Constance Highland • Baird & Warner
    P: (630)-667-5334 C: (630)-667-5334 connie.highland@bairdwarner.com

Property Details for 516 Spring Avenue

Status
MLS #
11902650
Days on Market
13
Taxes
$8,320 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Two to Four Units / 2 Flat
Year Built
1906
Lot Size
0.20 AC / 8,700 SF
Area
Naperville
Township
Naperville
Ownership
Fee Simple
Num Of Parking Spaces
3.0
Heat/Fuel
Natural Gas, Forced Air
Zoning
MULTI

Location

Add your commute

Building Information for 516 Spring Avenue

Stories-Residences2Year Built1906Building Size-Lot Size0.20 AC / 8,700 SF

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$1,347

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HOA Dues

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Property Information for 516 Spring Avenue

General Information
School Information
  • Elementary School District: 203
  • Elementary School: Naper Elementary School
  • Jr High Middle School: Washington Junior High School
  • High School District: 203
  • High School: Naperville North High School
  • Middle Or Junior School District: 203
Addtl Parking Information
  • Parking: Space/s
  • Parking Details: Off Alley, Off Street, Driveway, Alley Access
  • Parking On Site: true
  • Parking Ownership: Owned
Property Information
Interior Features
  • Num Of Rooms: 9
  • Bedrooms Total: 4
  • Bedrooms (Below Grade): 0
  • Basement Type: Full
  • Bedrooms Possible: 4
  • Basement Description: Partially Finished
  • Basement Bathrooms: No
  • # Full Baths in Building: 3
  • # Half Baths in Building: 0
  • Num of Baths: 3.0
Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Lake Michigan
Property/Lot Information
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: No
  • Built Before 1978: Yes
  • Age: 100+ Years
  • Lot Size: Less Than .25 Acre
  • Lot Dimensions: 50X174
  • Total # Units in Building: 2.0
  • Waterfront: No
  • Exterior Building Type: Aluminum Siding
  • General Information: None
  • Lot Size Source: Survey
  • 3 Br Un In Bldg: No
Property and Assessments
  • Public Document Count: 2
  • Document Date: 2023-10-12T19:06:31
  • Photos Count: 6
  • OpenHouse Count: 0
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
  • Virtual Tour Date: 10-12-2023
Multi Family
Unit 1
  • Unit Type Actual Rent: $.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Lease Expiration Date: 00/00
Unit 2
  • Unit Type Actual Rent: $.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
  • Lease Expiration Date: 00/00

Property History for 516 Spring Avenue

DateEvent & SourcePriceAppreciation
Dec 19, 2023

Cancelled

MRED #11902783

$350,000
Dec 15, 2023

Sold

MRED #11902650

$265,000
Dec 15, 2023

Sold

MRED #11902783

$265,000
DateEvent & SourcePrice
12/19/2023

Cancelled

MRED #11902783

$350,000
12/15/2023

Sold

MRED #11902650

$265,000
12/15/2023

Sold

MRED #11902783

$265,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 516 Spring Avenue

Taxable ValueLand$98,570Additions$57,092Total$155,662
Tax Record2024$12,751 ($1,063 / month)
Home Facts
Beds0Baths2Total Finished SqFt960 SqFtAbove Grade Finished SqFt960 SqFtLot Size8,712 SqFtStyleSingle Family ResidenceYear Built1906ZoningRCountyDUPAGEAPN07-13-220-003

Schools near 516 Spring Avenue

This home is within Naperville Community Unit School District 203.
Rating
School
Type
Grades
Distance
Public - K to 4
Public - 5 to 8
Public - 9 to 12
Private - PK to 8
Rating
School
Distance
Naper Elementary School
PublicK to 4

Washington Jr High School
Public5 to 8

Naperville North High School
Public9 to 12

Saints Peter & Paul Catholic School
PrivatePK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 516 Spring Avenue, Naperville, IL 60540
$265,000
4
8,700
$120,000
544
4,356
$213,000
4
2
960
7,405
$252,500
4
1,743
4,680
$500,000
3
1,731
$280,000
4
1,812
8,700

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Baird & Warner

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 12/18/2023 02:00 AM. 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.