Investor | Builder Opportunity in Prime Des Plaines Location! Attention investors, rehabbers, and builders: this is the opportunity you’ve been waiting for. Situated on an expansive 103 x 180 lot (approx. 0.41 acres) in a highly desirable Des Plaines neighborhood, this property offers incredible potential for renovation, redevelopment, or new construction. The existing home features 5 bedrooms, 2 bathrooms, and over 2,100 square feet of living space, making it ideal for a full rehab project or rental hold. The property is being sold AS-IS. Unique architectural details such as birch plank-and-beam ceilings and a custom staircase add character and potential value. The oversized lot presents a rare opportunity for builders, with potential to tear down and build new, or explore redevelopment options (buyer to verify zoning and subdivision possibilities). Located in a sought-after area of Des Plaines known for its convenient access to O’Hare Airport, major expressways, strong local economy, and highly rated schools, this property is perfectly positioned for both resale and long-term investment. Sold AS-IS. Cash or renovation loans preferred.
Property Details
Price:
$375,000
MLS #:
MRD12729192
Status:
Active Under Contract
Beds:
5
Baths:
2
Type:
Single Family
Neighborhood:
desplaines
Listed Date:
Aug 10, 2026
Finished Sq Ft:
2,157
Year Built:
1944
See this Listing
Schools
School District:
207
Interior
Appliances
Range, Dishwasher, Refrigerator, Washer, Dryer
Bathrooms
2 Full Bathrooms
Cooling
Central Air
Heating
Natural Gas, Forced Air
Interior Features
Cathedral Ceiling(s)
Exterior
Construction Materials
Aluminum Siding, Frame
Fencing
Fenced
Garage Spaces
2
Parking Features
Concrete, Yes, Garage Owned, Attached, Garage
Parking Spots
2
Parking Total
2
Patio And Porch Features
Patio
Roof
Asphalt, Rubber
Financial
HOA Fee Frequency
Not Applicable
HOA Includes
None
Tax Year
2024
Taxes
$8,358
Map
Community
- Address1692 Farwell Avenue Des Plaines IL
- CityDes Plaines
- CountyCook
- Zip Code60018
Market Summary
Current real estate data for Single Family in Des Plaines as of Oct 10, 2026
150
Single Family Listed
47
Avg DOM
264
Avg $ / SqFt
$498,994
Avg List Price
Property Summary
- 1692 Farwell Avenue Des Plaines IL is a Single Family for sale in Des Plaines, IL, 60018. It is listed for $375,000 and features 5 beds, 2 baths, and has approximately 2,157 square feet of living space, and was originally constructed in 1944. The current price per square foot is $174. The average price per square foot for Single Family listings in Des Plaines is $264. The average listing price for Single Family in Des Plaines is $498,994.
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1692 Farwell Avenue
Des Plaines, IL


