Tag: Downers Grove

A west suburban real estate news roundup

If you’re homeward bound to Chicago’s western suburbs, the local media can help you learn the flavor of the different communities and keep you up-to-date on real estate news. Not all of the stories linked below qualify as actual “real estate news,” but they may affect your decision on where to move. Hemingway’s boyhood home... Read more »

Downers Grove takes a beating on home purchase

Individual homeowners in Downers Grove aren’t alone in seeing the value of their homes fall over the past several years. The Village of Downers Grove has seen the value of a home it purchased fall by more than 50%. The Village purchased the home at 5237 Benton Ave for a reported $463,000 for the construction... Read more »

Signs of hope or bouncing along the bottom in Downers Grove?

Neumann Homes was the first of Chicago’s large locally-based builders to file for bankruptcy protection during the current housing downtown. The company’s 2007 filing was a harbinger of far more pain ahead for the homebuilding industry – the proverbial canary in the coal mine. Trib Local is reporting that developer Ken Neumann, now billing his... Read more »
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A lakefront home in Downers Grove

Most people who are familiar with Downers Grove would find themselves in head-scratching mode when contemplating the possibility of lakefront property in the village. There are a few ponds in Downers Grove that, with a bit of stretching, you might be able to call a lake. What about fish-rich Bruce Lake, where there’s a home... Read more »

From the $700s to the $600s to the $500s in Downers Grove

The many-gabled 4-bedroom, 3 ½ bath newer home at 4529 Pershing Rd in 4529 Pershing Rd sold for $742,000 in October of 2005. It resold for $605,000 in July of 2008. In another notch down, it recently came on the market as a short sale for $520,000. According to the listing copy, the home has... Read more »

Downers Grove residents gaining a parking lot in their front yards

If you’re thinking of buying near a large institution – a hospital, a high school, a university, etc. – you should always carefully investigate what that institution’s expansion plans might mean for your property value. And you should always be aware that large institutions plan for the long horizon, and execute their plans in a... Read more »
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In Downers Grove, a flood plain is an LPDA

Most homebuyers are used to thinking of areas at risk of flooding as being on a flood plain. In Downers Grove the working moniker for flood-prone property is a Localized Poor Drainage Area or LPDA. The Village of Downers Grove website links to a map of LPDAs and provides a number of helpful tips and... Read more »

Downers Grove swallows up 430 homes

Apparently not everyone who will be living in Downers Grove chose to live there. According to a recent Trib Local report the Village of Downers Grove has annexed more than 400 homes in an unincorporated area adjacent to it. Not all of the residents who will become part of Downers Grove are thrilled with the... Read more »

West suburban real estate news roundup

Not all of the stories linked below qualify as actual “real estate news,” but they may affect your decision on where to move. If you’re homeward bound to the western suburbs, the local media can help you learn the flavor of the different communities. Video – what residents like about Geneva’s Mill Creek DuPage Housing... Read more »
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A video visit to downtown Downers Grove

We love video tours as a way to visit communities without having to get in the car – especially with current gas prices. The video above takes you on a corporate-toned tour of downtown Downers Grove, but does provide a decent look at what you’ll find there. If your checklist for your next move includes... Read more »