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5552 Webster St
Downers Grove, IL

5552 Webster St

$479,900
3 bd • 2 ba • 2,240 sf

This analysis was generated by artificial intelligence on 1/23/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

List Price

$479,900

Price/Sq.Ft

$214

Year Built

1949

AI Property Analysis

A comprehensive evaluation of this property's features, market position, and investment potential.

The Good

This 1949 ranch home at 5552 Webster St, Downers Grove, IL offers exceptional value at $214.24/sqft, which is approximately 25% below the average of $285/sqft for similar homes in the area. The property boasts a prime location just 0.5 miles from downtown Downers Grove, providing excellent walkability and access to amenities. Recent renovations include a brand new kitchen with quartz countertops and stainless-steel appliances, updated bathrooms, refinished hardwood floors, and fresh paint throughout. The 2,240 sqft layout is 15% larger than the average home in the area (1,950 sqft), offering ample space with 3 bedrooms and 2 bathrooms. The property has appreciated 75.1% since its last sale in 2005, outperforming the local market average of 62% over the same period. The Fairmount Elementary School, rated 10/10 and just 0.7 miles away, adds significant value for families with young children.

The Bad

While the property has many positive attributes, there are some potential drawbacks to consider. The home's age (built in 1949) may require ongoing maintenance and updates to keep systems functioning optimally. The moderate flood risk score of 4/10 is slightly higher than the area average of 3/10, which could impact insurance costs and future resale value. The estimated annual insurance cost of $1,727.64 is about 10% higher than the area average for similar properties. The property lacks central air conditioning, which may necessitate an additional investment of $8,000-$12,000 for installation. The local middle school (O'Neill Middle School) has a lower rating of 6/10, which might be a concern for families with older children.

The Ugly

The property taxes in Downers Grove are notoriously high, with DuPage County having some of the highest rates in Illinois. Based on local averages, annual property taxes for this home could exceed $10,000, which is a significant ongoing expense. The moderate flood risk (4/10) could lead to potential water damage and increased insurance premiums over time. The home's proximity to the Metra line (approximately 0.6 miles) may result in noise and vibration issues, potentially affecting quality of life and resale value. The trend of tear-downs and new construction in Downers Grove could impact the neighborhood's character and potentially overshadow older homes like this one in terms of market appeal.

Who is this property for?

These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.

Best For

This property is ideal for first-time homebuyers or young families with a household income of $120,000+ (based on a 28% front-end DTI ratio). It's perfect for those prioritizing a walkable lifestyle and proximity to downtown amenities. The spacious layout and high-rated elementary school make it suitable for families with young children. Empty nesters looking to downsize to a single-level home without sacrificing space would also find this property attractive. Investors could expect a potential gross rental yield of 5.3% based on local three-bedroom rental rates of $2,130/month, making it a viable investment property.

Not For

This property is not suitable for buyers seeking a move-in ready home with modern energy efficiency features, as it may require updates to HVAC and insulation. It's not ideal for those with a limited budget for ongoing maintenance or inability to handle potentially high property taxes. Families with middle or high school-aged children might prefer areas with higher-rated schools for those age groups. Individuals sensitive to noise or seeking a more secluded environment may find the proximity to downtown and potential train noise problematic. Luxury home buyers looking for high-end finishes throughout or expansive lot sizes might find this property lacking.
Demographics
Area Median Income

$104,143

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Risk Assessment

Climate Risks

floodMODERATE

FEMA Zone: X_UNSHADED

Insurance: Recommended

airMODERATE

3 bad air quality days per year

heatMODERATE

7 extreme heat days per year

98th percentile: 103°F

windMINOR

Insurance: Recommended

fireMINIMAL

Insurance: Optional

Risk Analysis

The moderate flood risk (4/10) requires careful consideration and potential mitigation strategies. There's a risk of increased insurance premiums and potential for water damage. The lack of central air conditioning could lead to comfort issues and a significant upfront cost for installation. Given the home's age, there's a risk of hidden issues with plumbing, electrical, or structural elements not visible during a standard inspection. The trend of tear-downs in the area poses a risk to the neighborhood's character and could impact future appreciation. High property taxes in DuPage County present a long-term financial risk and could affect affordability over time. The potential for train noise and vibration from nearby Metra lines could impact quality of life and future resale value.
Insurance
Annual Cost

$1,728

$144 per month

Financials

Monthly Costs

Price History

Property Taxes

$5,327
2023 Tax Assessment
21.0%from previous year
Assessed Value$105,620
Tax Rate5.04%

Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Stats in the Area

Average Price

$510,667

6.4% above list price

Median Price

$550,000

Based on 6 recent sales

Price per Sq.Ft

$234

Comparable Properties

5604 CARPENTER Street, Downers Grove, IL 60516
Price: $472,000
Sq.Ft: 2,355
Beds/Baths: 3/2
$/Sq.Ft:
$2006.4%
Sale Date: 9/20/2024
5252 Benton Avenue, Downers Grove, IL 60515
Price: $620,000
Sq.Ft: 2,296
Beds/Baths: 3/2
$/Sq.Ft:
$27026.0%
Sale Date: 9/5/2024
1649 Maple Avenue, Downers Grove, IL 60515
Price: $355,000
Sq.Ft: 2,240
Beds/Baths: 4/2
$/Sq.Ft:
$15826.0%
Sale Date: 8/2/2024
229 Sheldon Avenue, Downers Grove, IL 60515
Price: $365,000
Sq.Ft: 2,130
Beds/Baths: 3/2
$/Sq.Ft:
$17120.0%
Sale Date: 8/9/2024
5731 Doe Circle, Westmont, IL 60559
Price: $550,000
Sq.Ft: 1,894
Beds/Baths: 3/3
$/Sq.Ft:
$29035.5%
Sale Date: 11/7/2024
5607 Brookbank Road, Downers Grove, IL 60516
Price: $702,000
Sq.Ft: 2,246
Beds/Baths: 3/3
$/Sq.Ft:
$31345.9%
Sale Date: 9/12/2024

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