581 Illinois Avenue, San Jose, California 95125, San Jose, 95125 - 2 bed, 1 bath
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San Jose, California 95125
This High-Potential Development Asset is listed at $1,188,888, positioned with Transparent Pricing that aligns with its $1,177,307 Fair Market Value. Marketed as a significant value-add project, the property features a massive 9,324 sqft lot with city-supported potential to build up to four units. Currently housing two occupied residences in Fixer Condition, it offers immediate rental income while developers finalize plans for expansion or ADU Conversion of the two large garages. Located in prime Willow Glen near Top-Rated Booksin Elementary, this is a strategic acquisition for Developers and Value-Add Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 581 Illinois Avenue Subject | $1,188,888* List Price | 2 | 1 | 1,588 | $741 | - |
A 841 Willis Avenue Sold | $1,200,000 | 3 | 2 | 1,344 | $893 | 0.2 mi |
B 516 Bird Avenue Active | $850,000 List Price | 2 | 2 | 1,522 | $558 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
This 1900-built property is explicitly marketed as a 'fixer' and shows significant signs of neglect and deferred maintenance. Interior images reveal unfinished walls, missing or raw plywood countertops in the kitchen, outdated and poorly maintained appliances, and worn flooring throughout. The exterior siding is peeling and weathered, and the overall condition requires substantial rehabilitation and modernization of all major systems and finishes.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9324, living area = 1588.
The expansive 9,324 sqft lot offers a rare opportunity to build up to four units per city guidelines, plus potential ADU conversions of the two large garages.
Situated in a highly desirable neighborhood just five minutes from Downtown San Jose, the property provides excellent proximity to major transit and top-rated schools like Booksin Elementary.
Built in 1900 and marketed as a 'fixer,' the structures likely require significant capital expenditure to address aging infrastructure and modern building standards.
Being fully occupied may present logistical and timing challenges for developers who require vacant possession to begin immediate construction or major redevelopment.
Willow Gen fixers. two houses on Huge lot. Per city, can build up to 4. Calling all contractors, investors, or home owners who want to save Big and earn sweat equity!! Front House 2/1, back house 3/1. Two large size garages can be converted to ADU too. 5 mins to D/T San Jose, great convenient location, good school district. Fully occupied , you can keep them to collect rent while you figure out plans to expand, or they are willing to leave too. Check with city as to how much more you can build!! Transparent pricing.
No exterior & parking available.
Grades K-5 • 0.0 mi
Grades K-5 • 0.8 mi
Grades K-5 • 1.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 18% |
| Baths | 1.0 | 2.0 | 13% |
| Square foot | 1,588 | 1,755 | 37% |
| Lot Size | 9,324 | 6,634 | 84% |
| Price | $1.19M | $2.00M | 6% |
| Price per sq ft | $749 | $1.1K | 5% |
| Built year | 1900 | 1953 | 2% |
| HOA | $0 | $0 | 50% |
| Days on market | 21 | 92 | 3% |
Apr 16, 2026
$1,188,888
$899,000
+32% Price Increase
Initial Listing
Apr 1, 2026
$899,000
Initial Listing
Jan 19, 2000
$330,000
Public Record