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    7420 Grand Ave, Unit 102B Downers Grove, IL 60516

    For Lease
    $1,850 /Mo

    Spacious 2-bed, 2-bath condo with resort-like amenities.

    Property Features for 7420 Grand Ave

    General Information

    Interior features
    Interior Feature 1, : "Central Air", "Interior Feature 2": "Forced Air", "Interior Feature 3": "Natural Gas", "Interior Feature 4": "Range", "Interior Feature 5": "Dishwasher", "Interior Feature 6": "Refrigerator"
    Exterior features
    exterior_features, : ["Patio"]

    Building Details

    Year built
    1971

    Source: Coldwell Banker Realty Agent Nutan Bansal

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Upgraded Condo in Farmingdale Community

    This upgraded condo features two bedrooms and two bathrooms. The unit is located on the first level and includes wood laminate floors. The kitchen is open, and the unit has central air conditioning and heating. All rooms are equipped with lighted fans and blinds. Coin laundry and a large private storage area are located in the basement. One assigned parking space is provided, with guest parking available within the complex. Located in the Farmingdale community, the property offers access to a pool, clubhouse, tennis courts, and ponds. Rent includes heat, water, gas, clubhouse access, and pool access. One small, trained dog is allowed for an additional $20 per month. The property is located close to shopping and the highway. Great schools are nearby. One month's rent and one month's security deposit are required before move-in.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Downers Grove
    County
    DuPage
    State
    Illinois
    Longitude
    -87.9973419
    Latitude
    41.7525753

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    FAQs

    What type of property is this?
    Apartment building - Spacious 2-bed, 2-bath condo with resort-like amenities.
    Where is this apartment building located?
    The property is located at 7420 Grand Ave, Unit 102B Downers Grove, IL.
    What are key features of this property?
    This property features: - Desirable Farmingdale community with resort-like amenities: pool, clubhouse, tennis courts, and ponds.; - Spacious, upgraded 2-bed, 2-bath condo on the sought-after 1st level.; - Rent includes heat, water, gas, clubhouse, and pool access.
    Request Owner's contact information
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    Downers Grove, IL 60516
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    7420 Grand Ave, Unit 102B Downers Grove, IL 60516
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