4073 Grove Ave — Home Valuation Report | Berg Properties
Home Valuation Report

4073 Grove Ave

Western Springs, IL 60558  |  Prepared for the Homeowner
$1,400,000 – $1,650,000
Your 1904 home in Western Springs' sought-after Old Town North neighborhood sits on a rare 0.38-acre lot with 4,038 sq ft of living space. This estimate will be refined once we speak — condition, updates, and finishes are the key variables in this price range.
1
Executive Summary
$1.4M – $1.65M
Estimated market value range based on recent comparable sales and current Western Springs market conditions.
Most likely value: ~$1,475,000 – $1,550,000
⚠ Note on this estimate: Because we haven't yet had a chance to discuss your home's updates, finishes, and current condition, this range is intentionally wide. A 1904 home of this size in Western Springs can vary by $200,000+ depending on renovation level. A quick 10-minute call will allow me to sharpen this considerably.
$1.53M
Midpoint Estimate
$900K+
Equity Since 1990
+9.7%
YoY Appreciation
~$380/sqft
Est. Price/Sqft

This estimate is based on six recent comparable sales in Western Springs, including 4074 Grove Ave — directly across the street — which sold for $1,052,000 in April 2025 at 2,920 sq ft. Your home's additional 1,118 sq ft, larger lot, and original character architecture support a meaningfully higher value. The upper end of the range reflects fully renovated comparable properties in the neighborhood.

2
Property Details
4
Bedrooms
3.5
Bathrooms
4,038
Sq Ft
1904
Year Built
16,553
Lot Sq Ft
0.38 ac
Lot Size
FeatureDetail
Address4073 Grove Ave, Western Springs, IL 60558
CountyCook County
NeighborhoodOld Town North
Property TypeSingle Family Residential
ArchitectureHistoric character home, built 1904
Lot0.38 acres (16,553 sq ft) — oversized for Western Springs
Annual Taxes$24,497 (2024)
HOANone
📝 Updates & Condition: We haven't yet received details on renovations or improvements. This is the single most important factor in refining your estimate. Please share any updates — kitchen, baths, systems, additions — and I'll sharpen the range immediately.
3
Your Equity Position
Mortgage Balance (est.) Estimated Equity
~$0
$0 Est. Value: ~$1,530,000

* Mortgage balance estimated at near-zero based on 1990 purchase. Actual balance may vary.

$560K
Purchase Price (1990)
~$1.53M
Est. Current Value
~$970K+
Equity Gained
~173%
Appreciation Since 1990

You've built extraordinary equity over 35 years. Whether you're planning to sell in 2026 or just want to understand your options, a 10-minute conversation costs nothing.

Call Mike: 773-544-9785
4
Comparable Sales (CMA)

The following six homes sold in Western Springs within the past 12 months. Note the wide range — this is typical for Western Springs, where renovation level and lot size drive significant price variation. Your home's size (4,038 sq ft) and lot (0.38 ac) are among the strongest attributes in this comp set.

Address Sold Price Bed/Bath Sq Ft Built $/Sqft
4074 Grove Ave Apr 2025 $1,052,000 4/3 2,920 1940 $360
4100 Franklin Ave Oct 2025 $875,000 4/3.5 2,600 1929 $337
3946 Franklin Ave Mar 2025 $1,150,000 4/2.5 3,215 1966 $358
4235 Howard Ave Apr 2025 $1,520,000 6/5.5 4,240 1943 $358
5437 Fair Elms Ave Jul 2025 $980,000 4/4 3,961 2007 $247
4069 Woodland Ave Jun 2025 $2,000,000 6/5.5 3,404 1925 $588

⭐ 4074 Grove Ave is directly across the street — the most relevant comp in this set.

5
Automated Valuation Estimates (AVMs)

Online tools show a wide range for this property — reflecting the same challenge as the comp set. A 1904 home of this size can be worth dramatically different amounts depending on condition and updates. The AVM range below should be understood as a starting point, not a conclusion.

SourceEstimateNote
Homes.com$1,481,150Midpoint of $1,397,599–$1,595,000 range
Realtor.com$2,106,000High outlier — likely includes renovation premium
Movoto$1,481,000Consistent with Homes.com estimate
Zillow (city avg)$840,000City-wide average; not property-specific
Berg Properties CMA$1.4M–$1.65MBased on comparable sales; to be refined after call
6
Western Springs Market Conditions
$820K
Median Sold Price
+9.7%
YoY Appreciation
~21 days
Avg Days on Market
~101%
List-to-Sale Ratio
$367/sqft
Avg Price/Sqft
26
Active Listings

Western Springs is one of the most competitive markets in the western suburbs. With only 26 active listings and a list-to-sale ratio above 100%, well-priced homes are selling at or above asking price — often within days. The +9.7% year-over-year appreciation rate is among the strongest in Cook County. Your 2026 timing aligns well with continued low inventory and strong buyer demand.

7
School District
Elementary
John Laidlaw Elementary
District 101
Middle School
McClure Jr High School
District 101
High School
Lyons Township High School
District 204

Lyons Township High School is consistently ranked among the top public high schools in Illinois and is a significant draw for buyers in the Western Springs market.

8
What Will Sharpen This Estimate

The following information — which only you can provide — will allow me to move from a wide range to a precise number. Each item below can shift the value by tens of thousands of dollars.

FactorPotential Value Impact
Kitchen renovation (updated vs. original)$50,000 – $150,000+
Bathroom updates (all 3.5 baths)$30,000 – $80,000
Addition or expansion (beyond original footprint)$100,000 – $200,000+
Mechanical systems (HVAC, plumbing, electrical)$20,000 – $50,000
Roof age (new vs. 20+ years old)$15,000 – $30,000
Windows (updated vs. original)$10,000 – $25,000
Basement (finished vs. unfinished)$30,000 – $80,000
Garage (detached/attached, size)$20,000 – $50,000
9
Next Steps
StepWhat Happens
1. Quick CallA 10-minute conversation to walk through the numbers, discuss updates, and refine the estimate to a tight, accurate range.
2. Refined EstimateAfter our call, I'll provide a precise price range and a suggested list price strategy for your timeline.
3. Market TimingWe'll discuss the optimal window to list in 2026 — spring inventory is historically low in Western Springs, which favors sellers.
4. No ObligationThis is a free service. No pressure, no commitment — just accurate information to help you plan.

Mike Berg | Berg Properties

773-544-9785   |   [email protected]

Ready to Find Out What Your Home Is Really Worth?

Your home in Old Town North is one of the most distinctive properties in Western Springs. Let's have a quick 10-minute conversation — no pressure, no obligation — so I can give you a precise number and a clear picture of your 2026 options.

This report was prepared by Berg Properties for informational purposes only and does not constitute a formal appraisal. Estimated values are based on publicly available comparable sales data and market conditions as of March 2026. The wide value range reflects the absence of property-specific condition and renovation information, which will be incorporated upon further discussion. Actual sale price may vary. For a precise valuation, contact Mike Berg at 773-544-9785.