Tour
$7,005 Closing Credit¹
#12355095, Cynthia Kashul, Listing office: Redfin Corporation
$799,000 List price
506 W Franklin Ave Naperville, IL 60540
$9,488
Closing credit¹
2 beds
2 full, 1 partial
1,314 sqft
0.1 acres
$608 / sqft
House
Property details
About 506 W Franklin Ave
Downtown Naperville Living at Its Best! This charming and completely updated home is a rare find in one of Naperville's most sought-after neighborhoods! Perfectly situated on a prime corner lot, this home puts you just steps from the Riverwalk, Metra, shopping, dining, the library, Centennial Beach, and top-rated schools-an unbeatable location at an incredible price point. Inside, natural light fills the bright and inviting living spaces, creating a warm and welcoming atmosphere. The fully remodeled basement adds valuable extra space, ideal for an additional bedroom, recreation room, home office, or guest retreat. Updates include new flooring, drywall with stylish shiplap accents, fresh paint, enhanced lighting throughout, a reconfigured storage area, and a full bath featuring elegant marble tile and a soaking tub. Practical upgrades such as a double sump pump, ejector pump, and a reverse osmosis system with instant hot water in the kitchen ensure both comfort and convenience. Step outside to enjoy the beautifully updated backyard-perfect for relaxing or entertaining-featuring a pergola, garden boxes, fresh landscaping, and a shed for extra storage. Additional home improvements include a new hot water heater (2022) and furnace with humidifier (2016). Opportunities like this are rare-this is your chance to own a move-in ready home in downtown Naperville at this price point! Don't miss out on this incredible opportunity-schedule your showing today!
Highlights
Home typeSingle Family Residence
HeatingNatural Gas
StatusAccepting Backup Offers
(Contingent)
(Contingent)
CoolingCentral Air
Size1,314 sqft
BasementYes
Lot size0.1464 Acres
Year built1916
MLS #12322798
Garage1 space
Summary
- Partial Bathrooms: 1
- Full Bathrooms: 2
- Appliances: Dishwasher, Refrigerator, Freezer, Washer, Dryer, Disposal, Cooktop, Water Purifier
- Basement: Yes
- Total Bedroom Count: 2
- Garage Space: 1 space
- Attached Garage: No
- Exterior: Patio, Porch, Hot Tub, Brick Paver Patio, Storms/Screens
- Architectural Style: Traditional
- Heating: Natural Gas
- Cooling: Central Air
- List Price: $799,000
- Price/SqFt: $608
- HOA Amount: $0
- Annual Tax Amount: $8,237
- Tax Year: 2023
- Lot: Corner Lot
- Directions: WASHINGTON TO FRANKLIN W TO HOME
- Year Built: 1916
- Living Area: 1,314 SqFt
- Lot Size: 0.1464 Acres
- MLS Number: 12322798
- MLS Name: MRED
- Office Name: Coldwell Banker Realty
- Office Phone: (630) 369-9000
- Office Email: naperville75th@cbexchange.com
- Listing Agent: Bridget Salela
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Get an agent. Get a mortgage. Save big.¹
$799,000
506 W Franklin Ave
$9,488
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Nov 13, 2018 | Home Sold | $589,000 |
| Nov 03, 2017 | Home Sold | $540,000 |
| Aug 21, 2017 | Home Sold | $475,000 |
| Aug 30, 2007 | Home Sold | $439,500 |
| Apr 26, 2005 | Home Sold | $400,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $134,960 | $8,237 |
| 2022 | $123,330 | $7,453 |
| 2021 | $118,930 | $7,186 |
| 2020 | $118,930 | $7,163 |
| 2019 | $113,120 | $6,902 |
| 2018 | $107,570 | $6,648 |
| 2017 | $103,920 | $6,906 |
History based on county public records data.
Nearby schools
6
Naper Elementary School
Public District KG-4
0.2 mi
•39 S Eagle St
10
Ellsworth Elementary School
Public District KG-5
0.8 mi
•145 N Sleight St
10
Highlands Elementary School
Public District KG-5
0.9 mi
•525 S Brainard St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $95,833. Most Naperville, IL residents have annual incomes between $35k-100k. The most common type of family is single, no kids. The most common level of education of people living in this area is post secondary degree.
How much money do the neighbors make?
10%
<35k
41%
35k-100k
28%
100k-200k
21%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
42%
Single, No Kids
8%
Single, with Kids
27%
Married, No Kids
23%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
15%
<11 yrs old
8%
12-17 yrs old
27%
18-34 yrs old
41%
35-64 yrs old
9%
65+ yrs old
What do the neighbors do for fun?
Symphony or Opera
Tennis
Hiking/backpacking
Where do the neighbors shop?
Chico's
Brooks Brothers
Nordstrom Rack
Where do the neighbors go to eat?
Boston Market
Qdoba
Chipotle
What do the neighbors drive?
Volvo
Acura
Mazda
What do the neighbors listen to?
Talk/Personality
Sports
Rock
All data provided by Home Junction and Claritas
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Frequently asked questions
About 506 W Franklin Ave
The listing price of 506 W Franklin Ave property is $799,000.
The property 506 W Franklin Ave is a house located in Naperville, Illinois, 60540.
Accepting Backup Offers: 506 W Franklin Ave is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.
The nearby schools for 506 W Franklin Ave are: Naper Elementary School (GreatSchools Rating 6/10), Ellsworth Elementary School (GreatSchools Rating 10/10), Highlands Elementary School (GreatSchools Rating 10/10), Washington Junior High School (GreatSchools Rating 7/10), Jefferson Junior High School (GreatSchools Rating 5/10), Lincoln Junior High School (GreatSchools Rating 8/10), Naperville Central High School (GreatSchools Rating 10/10), Naperville North High School (GreatSchools Rating 10/10), Lisle High School (GreatSchools Rating 9/10).
According to the records, the last property tax for 2023 is $8,237 (source: MLS/based on county public records data).
The last sale was on November 13, 2018 for $589,000 (source: MLS/tax record).
The property at 506 W Franklin Ave has 2 bedrooms and 2 full and 1 half bathrooms.
The property 506 W Franklin Ave is 1,314 SqFt (source: MLS/tax record).
The year of construction for 506 W Franklin Ave is 1916.
This home is located at 506 W Franklin Ave in Naperville, IL and zip code 60540 in the Woodlawn neighborhood. This 1,314 square foot home, which was built in 1916, sits on a 0.15 acre lot. Features: 2 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since March 27, 2025 and is currently priced at $799,000.
Naperville, IL housing market in May 2025 saw over 74 listings sold above listed price, more than 24 sold at listed price and over 65 sold below. Between April and May 2025, Naperville, IL real estate market has seen increase in the number of listings by 23.4%. In May 2025, listings were on the market for 16 days. During the same period, the median list price in this real estate market was $575,625.
From Rocket Homes Real Estate and based on county public records data.