For Sale5d on market
705 S Chestnut Ave
Arlington Heights, IL, 60005 • 60005 • Cook County
$550,000
$312/sqft
Down payment assistance available
4Beds
2Baths
1,762Sqft
0.15 acLot
1955Built
Property DNA
2-Car Garage
Asphalt · Yes · Detached · Garage
This home is in high demand
Listed 5 days ago · 1,566 views · 28 saves · Top 2% likely to sell soon
Market activity
Demand and pricing signals for this listing
1,566 views
People checking out this listing
28 saves
Buyers have saved this home
5 days on market
Just listed — act fast
$312/sqft
Price per square foot
Selling Soon Prediction
Very HighThis home ranks in the top 2% of listings most likely to go under contract soon, based on market activity and demand signals.
Likelihood score
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About this home
Single Family · Built 1955
Unique opportunity with multiple potential pathways for end users or investors. This property is being offered as-is and requires a renovation but features well-maintained mechanical systems and a spacious layout with strong potential for expansion (subject to municipal approval). The seller is currently exploring plans with the Village of Arlington Heights, including the potential for a second-story addition. During this pre-permit phase, the property is being made available with the following potential options: Purchase as-is at list price or buyer has the opportunity to purchase after renovation at a projected price of $750,000. Please contact agent for current project plans. Potential for a buyer to pursue expansion (e.g., second-story addition), subject to plans, approvals, and construction costs. Preliminary concepts indicate the possibility of approximately 3,400 square feet above grade plus a full basement, if expanded. Important: Once permits are obtained, the property will be withdrawn from the market and construction will proceed. For reference, please see 1507 Ada, Naperville for a recent completed project by the seller.
Standout features identified
Our analysis highlights spacious layout and well-maintained mechanical systems as key attractions of this home.
Estimated monthly payment
Based on current rates
$3,429/month
Principal & Interest$2,696
Property Tax$550
Insurance$183
Down payment20% ($110,000)
3%50%
Est. 6.20% rate · 30yr fixed · $440,000 loan
Full calculator →At a glance
Key facts and listing details
TypeSingle Family Residence
Year Built1955
HeatingNatural Gas
CoolingCentral Air
Parking2 Garage spaces
Lot6,550 sqft
Days on Zillow5 Days
Price/sqft$312
Property
Home typeSingle Family
Sub-typeSingle Family Residence
Year built1955
Stories1
Systems
HeatingNatural Gas
CoolingCentral Air
RoofAsphalt
ConstructionBrick
Water / SewerPublic / Public Sewer
Parking & Outdoor
ParkingAsphalt, Yes, Detached, Garage
Garage2 spaces
BasementFinished,Full
Lot6,550 sqft
Location & Tax
Neighborhood60005
Annual tax$9,495
Parcel0331408002
Bathrooms & Fees
Full baths2
Features & details
5 categories of property features
Interior Features
Heating
Natural Gas
Cooling
Central Air
Accessibility
No Disability Access
Exterior Features
Parking
Asphalt
Yes
Detached
Garage
Construction
Brick
Room details
19 rooms detailed
Master Bedroom
Main16×14 ft224 sqft
Bathroom (Full)
Bedroom2
Main14×10 ft140 sqft
Bedroom3
Main12×10 ft120 sqft
Bedroom4
Basement14×12 ft168 sqft
Other
Other
Listing insights
Market data and value estimates
StatusFor Sale
Days on market5
Tax rate1.99%
Price/sqft$312
On marketApr 3, 2026
PostedApr 3, 2026
MLS statusActive
MLS updatedApr 8, 2026
Tour days9
Views1,566
Favorites28
How are the schools in Arlington Heights?
3 schools rated nearby
Location
Arlington Heights, IL, 60005
Price history
3 events
DateEventPrice$/sqftSource
Apr 3, 2026Listed For Sale$550,000$312MRED as distributed by MLS GRID
Jan 29, 2026Listing Removed——Owner
Nov 21, 2025Listed For Sale$510,000$289Owner
Listed For Sale$550,000
Apr 3, 2026•$312/sqft•MRED as distributed by MLS GRID
Listing Removed—
Jan 29, 2026•Owner
Listed For Sale$510,000
Nov 21, 2025•$289/sqft•Owner
Tax history
25 years of records
YearTax paidAssessed value
Apr 9, 2023$9,495$38,000
Apr 9, 2022$9,117$38,000
Apr 9, 2021$7,618$28,638
Apr 9, 2020$7,488$28,638
Apr 9, 2019$7,454$31,821
Apr 9, 2018$8,086$31,143
Apr 9, 2017$8,008$31,143
Apr 9, 2016$7,705$31,143
Apr 9, 2015$8,093$30,032
Apr 9, 2014$7,872$30,032
Apr 9, 2013$7,657$30,032
Apr 9, 2012$7,944$33,131
Apr 9, 2011$7,019$33,131
Apr 9, 2010$6,673$33,131
Apr 9, 2009$7,258$38,092
Apr 9, 2008$6,611$40,960
Apr 9, 2007$5,969$40,960
Apr 9, 2006$5,009$30,326
Apr 9, 2005$4,967$30,326
Apr 9, 2004$4,604$30,326
Apr 9, 2003$4,316$21,766
Apr 9, 2002$3,970$21,766
Apr 9, 2001$3,822$21,766
Apr 9, 2000$3,761$19,955
Apr 9, 1999—$19,955
Nearby homes
Neighborhood details
Local context around this listing
Arlington Heights, IL • Cook County
Nearby neighborhoods
Scarsdale
Nearby cities
Arlington HeightsChicagoCiceroDes PlainesElginEvanstonOrland ParkPalatine
Nearby zip codes
600046000560006
Similar homes
Based on information submitted to the MLS GRID as of 2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. [Click here for more information](/mls-disclaimers/#17)
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