Listing provided courtesy of Platinum Partners RealtorsMREDas Distributed by MLSGrid- MLS# 12683140MLS Provider

548 Prairie AvenueDowners Grove, IL 60515

Multi-Family · 5 Beds · 0.19 Acres
$600,000 New

548 Prairie Avenue Overview

Time on Site:
4 days
Visits:
1

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!

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548 Prairie Avenue Facts & Features

  • Type Multi-Family
  • Lot 0.19 Acres

Details

General

School Information

  • School District: 99
  • Elementary School: Lester Elementary School
  • Middle Or Junior School: Herrick Middle School
  • High School: North High School

Income/Expenses

  • Insurance Expense: 1621
  • Net Operating Income: 43506
  • Trash Expense: 648

Building Information

  • New Construction: No
  • Year Built: 1927

Location/Region

  • County Or Parish: DuPage
  • MLS Area Major: Downers Grove
  • Township: Downers Grove

Community/Development

  • Community Features: Park, Curbs, Sidewalks, Street Paved

Tax Information

  • Tax Annual Amount: $9,624.96
  • Tax Year: 2025

General Information

  • Ownership: Fee Simple
  • Parcel Number: 0908213025
  • Property Type: Residential Income
  • Special Listing Conditions: None

Interior

Parking Information

  • Half Baths Building: 0

Beds/Baths

  • Bathrooms Total: 2
  • Bedrooms Total: 5
  • Bedrooms Possible: 5
  • Full Baths Building: 2

General Information

  • Basement: Unfinished, Full
  • Foundation Details: Block
  • Heating: Natural Gas
  • Other Equipment: Ceiling Fan(s), Sump Pump
  • Rooms Total: 10

Exterior

Parking Information

  • Parking Features: Off Street, Driveway, Yes, Owned
  • Parking Total: 5

Lot Information

  • Lot Size Acres: 0.19
  • Lot Size Dimensions: 8125
  • Water Source: Public

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Construction Materials: Vinyl Siding
  • Roof: Asphalt

General Information

  • Sewer: Public Sewer

Unit Information

Unit 1 Details

  • Unit Type: Unit 1
  • Actual Rent: 2700
  • Beds Total: 3
  • Baths Total: 1

Unit 2 Details

  • Unit Type: Unit 2
  • Actual Rent: 2000
  • Beds Total: 2
  • Baths Total: 1

548 Prairie Avenue Neighborhood

Community

60515 (Downers Grove) Demographics

44
Median Age
2,457
Population Density (per sq. mile)
67%
College Educated
$100,727
Estimated Median Income
8,866
Estimated Total Home Owners
2,593
Estimated Total Renters
77% / 23%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

548 Prairie Avenue Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

548 Prairie Avenue Market Data

Based on the last 30 days in this zip code

$833,903
Average List Price
$340
Average Price per Square Foot
40
Properties Sold
82
Average Days on Market
101
Properties for Sale
Calculations provided by Reliance Network

548 Prairie Avenue History

Date Event Value Agent
6/25/2026Source: MRED Added to Database
June 25, 2026
10/14/2022Source: MRED Status Change
Closed
9/20/2022Source: MRED Status Change
Contingent
8/20/2022Source: MRED Status Change
Active
8/15/2022Source: MRED Added to Database
August 15, 2022