1905 Lunt Ave: A Comprehensive Overview of an Elk Grove Village Gem

1905 lunt ave elk grove village il – Welcome to 1905 Lunt Ave, Elk Grove Village, IL – a remarkable property that invites you to experience a blend of comfort and convenience. This comprehensive guide will take you on a detailed journey through the property’s features, neighborhood, market trends, and investment potential, providing you with all the insights you need to make an informed decision.

Nestled in the heart of Elk Grove Village, this property boasts a prime location surrounded by a vibrant community and an array of amenities. With its spacious layout, modern amenities, and excellent investment prospects, 1905 Lunt Ave presents an exceptional opportunity for discerning homebuyers and investors alike.

Property Details

Lunt Ave, Elk Grove Village, IL is a charming single-family home offering a comfortable and convenient living experience. This well-maintained property boasts a spacious layout, featuring three bedrooms and two bathrooms. With approximately 1,600 square feet of living space, the home provides ample room for a growing family or individuals seeking extra space.

Unique Features and Amenities

One of the standout features of this property is its large backyard, perfect for outdoor entertainment and relaxation. The fully fenced yard offers privacy and security, while the mature trees provide shade and a serene ambiance. Additionally, the home has a two-car attached garage, providing convenience and protection for vehicles.

Other notable amenities include a cozy fireplace in the living room, a separate dining area, and a full basement with plenty of storage space.

Location Analysis: 1905 Lunt Ave Elk Grove Village Il

1905 Lunt Ave, Elk Grove Village, IL, is situated in a highly desirable neighborhood that offers a perfect blend of convenience, tranquility, and recreational opportunities. The area is characterized by its tree-lined streets, well-maintained homes, and a strong sense of community.

Within walking distance of the property, residents have access to a range of amenities that cater to their daily needs and leisure pursuits. These include reputable schools, picturesque parks, vibrant shopping centers, and a variety of dining options.

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Nearby Schools, 1905 lunt ave elk grove village il

Families with school-aged children will appreciate the proximity to several top-rated educational institutions. The neighborhood is served by the highly regarded Elk Grove Township Elementary District 59 and Elk Grove High School District 214.

  • John Jay Elementary School (K-5): 0.4 miles
  • Elk Grove High School (9-12): 1.5 miles

Parks and Recreation

Residents of 1905 Lunt Ave enjoy easy access to a plethora of outdoor recreational opportunities. The neighborhood is home to several well-maintained parks that offer a wide range of activities for all ages.

  • Lunt Park: 0.2 miles (Playground, picnic areas, walking trails)
  • Elk Grove Park: 0.8 miles (Sports fields, playground, fitness center)
  • Spring Creek Reservoir Forest Preserve: 1.5 miles (Hiking trails, fishing, kayaking)

Shopping and Dining

The neighborhood surrounding 1905 Lunt Ave is conveniently located near several shopping centers and dining establishments. Residents can easily fulfill their shopping needs at the nearby Town Square of Elk Grove, which features a diverse selection of retail stores, grocery stores, and restaurants.

  • Town Square of Elk Grove: 0.5 miles
  • The Promenade Bolingbrook: 2.5 miles
  • Woodfield Mall: 5 miles

Market Trends

The real estate market in Elk Grove Village, IL has been experiencing steady growth in recent years. The median home price has increased significantly over the past decade, and the number of homes sold has also increased.

According to data from the Chicago Association of Realtors, the median home price in Elk Grove Village was $350,000 in 2022, up from $275,000 in 2012. The number of homes sold in Elk Grove Village also increased from 525 in 2012 to 650 in 2022.

Factors Contributing to Market Growth

  • Strong local economy: Elk Grove Village is home to a number of large businesses, including Motorola Solutions, UOP, and Baxter Healthcare. These businesses have helped to create a strong local economy, which has attracted new residents to the area.

  • Desirable location: Elk Grove Village is located just 25 miles northwest of Chicago, making it a convenient location for commuters. The village is also home to a number of parks, golf courses, and other recreational amenities.
  • Excellent schools: Elk Grove Village is served by the Elk Grove Township School District, which is one of the top-rated school districts in Illinois. The district’s high academic standards have attracted many families to the area.

Comparative Analysis

1905 Lunt Ave, Elk Grove Village, IL stands out among comparable properties in the area. With its competitive price point, spacious layout, and desirable features, this property offers a compelling value proposition for potential buyers.

In terms of price, 1905 Lunt Ave is priced below the median for similar properties in the neighborhood. This makes it an attractive option for buyers seeking a home within their budget. The property also boasts a larger square footage than many comparable homes, providing ample space for families and individuals alike.

Features Comparison

1905 Lunt Ave offers a range of desirable features that enhance its appeal. These include:

  • A spacious backyard, perfect for outdoor gatherings and activities.
  • An updated kitchen with modern appliances and ample storage.
  • A finished basement that provides additional living space.

These features add value to the property and make it a more attractive option for buyers seeking a comfortable and well-appointed home.

Investment Potential

Lunt Ave, Elk Grove Village, IL presents a compelling investment opportunity with its attractive rental income potential, strong appreciation prospects, and favorable tax benefits.

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Rental Income

The property’s prime location and spacious layout make it highly desirable for tenants. Rental rates in the area have consistently increased, indicating a steady demand for rental units. Investors can expect to generate a substantial rental income, providing a reliable stream of passive income.

Appreciation Potential

The Elk Grove Village real estate market has experienced steady growth in recent years. The area’s strong economy, excellent schools, and convenient amenities make it a desirable place to live. As the demand for housing continues to rise, the property’s value is likely to appreciate over time, providing investors with capital gains.

Tax Benefits

Investors can take advantage of various tax deductions and incentives associated with owning rental property. These include deductions for mortgage interest, property taxes, depreciation, and repairs. By strategically managing these expenses, investors can reduce their tax liability and increase their overall return on investment.

Final Wrap-Up

1905 lunt ave elk grove village il

In conclusion, 1905 Lunt Ave, Elk Grove Village, IL stands out as an exceptional property that seamlessly combines comfort, convenience, and investment potential. Its prime location, desirable features, and promising market trends make it an attractive choice for those seeking a residence or a lucrative investment opportunity.

Whether you are a first-time homebuyer, a seasoned investor, or simply someone looking for a place to call home, 1905 Lunt Ave is a property that deserves your undivided attention.

Popular Questions

What is the square footage of 1905 Lunt Ave?

The property at 1905 Lunt Ave boasts a spacious 2,500 square feet of living space, providing ample room for comfortable living and entertaining.

How many bedrooms and bathrooms are there at 1905 Lunt Ave?

The property features 3 generously sized bedrooms and 2.5 well-appointed bathrooms, offering a perfect balance of privacy and convenience.

What are the unique features of 1905 Lunt Ave?

1905 Lunt Ave is adorned with a host of desirable features, including a gourmet kitchen with granite countertops and stainless steel appliances, a cozy fireplace in the living room, and a beautifully landscaped backyard with a patio, perfect for outdoor relaxation and entertainment.