573 Illinois Avenue, San Jose, California 95125, San Jose, 95125 - 4 bed, 2 bath
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573 Illinois Avenue
San Jose, California 95125
ACTIVE
CONDITION: EXCELLENT
4Beds
2Baths
1,568Sq Ft
6,216Lot Size
Property Price
LIST PRICE$1,150,000
EST. MARKET VALUE
$1,299,917
11% BelowMARKET VALUE
SUMMARY
This Hybrid Single Family Residence represents a High-Potential Investment Opportunity, listed at $1,150,000—positioned well below the $1,299,918 Fair Market Value by 11%. This valuation gap provides $149,918 in Instant Equity. Featuring a Condition Rating of 2, the home offers modern updates like quartz countertops and waterproof flooring, while the 6,216 sqft lot provides significant ADU expansion potential. This property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a value-add asset in Willow Glen.
Estimated Market Value
$1,299,917+$149,917 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in San Jose.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 573 Illinois Avenue Subject | $1,150,000* List Price | 4 | 2 | 1,568 | $829 | - |
A 1336 Bird Avenue Sold | $1,300,000 | 2 | 2 | 1,510 | $861 | 1.0 mi |
B 662 Drake Street Active | $1,099,000 List Price | 3 | 3 | 1,356 | $810 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Although built in 1900, the property has been recently updated with new waterproof fiber wood laminate flooring, quartz countertops, stainless steel appliances, and fresh custom paint. The interior and exterior appear in mint, move-in ready condition, meeting the criteria for a recent renovation under 5 years old.
PROSSTRENGTHS & OPPORTUNITIES
- Development Potential
The property features a generous 6,216 sqft lot with a spacious concrete backyard and an unfinished walk-in basement, offering significant potential for an ADU, expansion, or additional storage.
- Modern Interior Updates
The home has been recently refreshed with new waterproof fiber wood laminate flooring, quartz countertops, and stainless steel appliances, providing a move-in-ready environment for buyers.
- Buyer Incentives & Accessibility
With a motivated seller and eligibility for special mortgage credits, this property offers a high-value entry point into Willow Glen with easy access to SJSU, Downtown San Jose, and major transit hubs.
CONSRISKS & DEFICIENCIES
- Highway Proximity
Located directly under the I-280 bridge, the property may be subject to persistent traffic noise and environmental concerns despite the presence of acoustic walls.
- Historic Structure & School Ratings
Built in 1900, the home may require specialized maintenance for its aging systems, and the assigned elementary and middle schools have lower performance ratings compared to neighboring districts.
About 573 Illinois Avenue
Motivated Seller. Whether you are looking for your primary home or an investment property with potential, this updated, quiet, convenient, affordable 4b/2b/1568sf/6126sf SFR in Willow Glen can be a good fit. This recently updated home has new customized painting, newly redone seamless water proof fiber wood laminate floor, quartz countertops, stainless steel appliances, spacious concrete covered backyard with plenty space for a detached ADU/expansion or outdoor activities, full size unfinished walk-in basement with utilities and storages, steel gate to backyard. 2 bedrooms/1bath in downstairs, another 2 bedrooms/1bath and loft in upstairs, loft has potential to convert to master bath to have a master suite, an extra bonus room downstairs can be a home office. Easy access to SJSU, SJ downtown, Diridon, I87, I280, SJC etc. Under Bird Ave bridge I280 and acoustic walls make the location convenient and solitary. For 1st time home buyer, this property qualifies for special mortgage credit.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1900
- Lot Size
- 6,216 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
San Jose Unified Schools
Gardner Elementary School
Grades K-5 • 0.0 mi
4/10
Washington Elementary School
Grades K-5 • 0.8 mi
4/10
Ernesto Galarza Elementary School
Grades K-5 • 1.4 mi
3/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,568 | 1,706.046 |
| Lot Size | 6,216 | 6,261.966 |
| Price | $1.15M | $1.68M |
| Price per sq ft | $733 | $979 |
| Built year | 1900 | 1965 |
| HOA | $0 | $200 |
| Days on market | 28 | 37 |
Pricing History
Listed for Sale
Aug 12, 2026
$1,150,000
Initial Listing
Sold
Mar 25, 2011
$205,000
Public Record