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516 Spring Avenue, Naperville, IL 60540
$265,000
516 Spring Avenue, Naperville, IL 60540View this property at 516 Spring Avenue, Naperville, IL 60540
516 Spring AvenueNapervilleIL60540
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Property 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 price, lowest tear-down price in the hottest downtown Naperville neighborhood. Has alley access in back.
Full Property Details
Full Property Details for 516 Spring Ave
General
- Sold For: $265,000
- Taxes: $8,319 (2022)
- Status: Closed
- Type: Multi-Family
- MLS ID: 11902650
- Added to Site: 238 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 3
Bedrooms
- Total Bedrooms: 4
Parking
- Total Spaces: 3
- Parking Features: Off-Alley, Off-Street, Driveway, Alley Access
- Parking Type: Space(s)
- Parking On-Site: Yes
Location
- Area: Naperville
- County: Du Page
- Driving Directions: Washington to Spring, West OR Jefferson to West Street East to Spring.
School Information
- School District: 203
- Midd School District: 203
- Elementary School: Naper Elementary School
- Middle School: Washington Junior High School
- High School: Naperville North High School
- Private School: Naperville North High School
Heating & Cooling
- Heating Type: Natural Gas, Forced Air
Utilities
- Water: Lake Michigan
Structural Information
- Exterior Const.: Aluminum Siding
- Basement Desc.: Full
- Year Built: 1906
- Built Before 1978: Yes
Unit Information
- Units in Building: 2
Lot Features
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 50 x 174
- Zoning: MULTI
Financial Considerations
- Assessment Year: 1906
- Tax Amount: $8,319.58
- Tax Year: 2022
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 713220003
Listed by Baird & Warner
Sold by @properties Christie's International Real Estate
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Schools
Schools serving 516 Spring Ave
School District:Naperville Community Unit School District 203
Rating | Name | Grades | Distance |
---|---|---|---|
39 S Eagle St, Naperville, IL 60540 | K-5 | 0.3 mi | |
201 N Washington St, Naperville, IL 60540 | 6-8 | 0.4 mi | |
899 N Mill St, Naperville, IL 60563 | 9-12 | 0.4 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 516 Spring Ave
Date
Details
Price
Change
Source
12/15/2023
Sold
$265,000
-24.29%
MLS
10/06/2023
Listed
$350,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
516 Spring Avenue, Naperville, IL 60540 (MLS# 11902650) is a Multi-Family property that was sold at $265,000 on December 15, 2023. Want to learn more about 516 Spring Avenue? Do you have questions about finding other Multi-Family real estate for sale in Naperville? You can browse all Naperville real estate or contact a Coldwell Banker agent to request more information.