488 E Lorraine Ave, Addison, IL 60101
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Property image
OFF MARKET

488 E Lorraine Ave
Addison, IL 60101

  • 3 Beds
  • 2 Baths
  • 1,329 sqft

$318,100

Trulia Estimate
as of Aug 14, 2026

$318,100

Trulia Estimate
as of Aug 14, 2026
3 Beds
2 Baths
1,329 sqft

Home Value

Trulia Estimate
$318K
Since last month
Decreased$2K (-0.5%)
Since last year
Increased$5K (+1.6%)
Since last sale
Increased$103K (+47.8%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +50% in the last 10 years
MonthEstimated value
2026
August 2026$319K
July 2026$321K
June 2026$321K
May 2026$319K
April 2026$316K
March 2026$310K
February 2026$303K
January 2026$300K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
197 W Armitage Ave #202, Elmhurst, IL
1.56
Condo
$217,500
09/10/25
2
1.5
1,000
215 S Hale St #9B, Addison, IL
1.13
Condo
$160,100
04/22/26
1
1
800
237 Mill Rd #14, Addison, IL
1.76
Condo
$238,000
08/19/25
2
2
1,283
215 S Hale St #8A, Addison, IL
1.13
Condo
$137,000
08/15/25
1
1
800
841 N York St #202, Elmhurst, IL
1.92
Condo
$202,000
04/10/26
2
2
1,005
915 N York Rd #605, Elmhurst, IL
1.87
Condo
$229,000
11/06/25
2
2
1,350
300 W Fullerton Ave #222, Addison, IL
1.18
Condo
$136,000
11/07/25
1
1
700
300 W Fullerton Ave #106, Addison, IL
1.18
Condo
$132,500
03/03/26
1
1
700
215 S Hale St #7C, Addison, IL
1.13
Condo
$125,000
09/24/25
1
1
500
84 N Mill Rd #84, Addison, IL
1.72
Condo
$325,000
04/24/26
2
2.5
1,231

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
448 S Villa Ave, Addison, IL 60101
0.04
$397,800
3
2
-
Off Market
431 S Cherry Hill Ct, Addison, IL 60101
0.07
$427,700
3
2
2,224
Off Market
462 E Lorraine Ave, Addison, IL 60101
0.08
$316,200
3
2
1,329
Off Market
423 S Cherry Hill Ct, Addison, IL 60101
0.11
$383,500
4
1.5
1,210
Off Market
17W645 Lorraine Ave, Addison, IL 60101
0.08
$360,000
3
2
2,310
Recently Sold
415 S Cherry Hill Ct, Addison, IL 60101
0.14
$417,500
5
2
2,229
Off Market
17W685 Lorraine Ave, Addison, IL 60101
0.13
$345,000
3
2
1,288
Recently Sold
17W707 Lorraine Ave, Addison, IL 60101
0.14
$348,100
4
2
-
Off Market
456 S Cherry Hill Ct, Addison, IL 60101
0.17
$429,700
4
2
2,229
Off Market
442 Lorraine Ave, Addison, IL 60101
0.15
$523,800
3
2
2,904
Off Market
437 E Lorraine Ave, Addison, IL 60101
0.17
$88,000
-
-
-
For Sale
621 S Chatham Ave, Addison, IL 60101
0.16
$446,900
3
2
1,535
Off Market

Local Information

  • Map ViewExplore the area around 488 E Lorraine Ave.
-- mins to
Commute Destination

Home Highlights

Property Type
Condo
Year Built
1984
Living Area
1,329 sqft
Price/Sqft
$239
Parking
Garage

About this House

This condo is located at 488 E Lorraine Ave, Addison, IL. 488 E Lorraine Ave is in Addison, IL and in ZIP code 60101. This property has 3 bedrooms, 2 bathrooms and approximately 1,329 sqft of floor space. This property has a lot size of 5662 sqft and was built in 1984.
488 E Lorraine Ave, Addison, IL 60101 is a 3 bedroom, 2 bathroom, 1,329 sqft condo built in 1984. It last sold for $215,900 on Jul 12, 2019. It is currently off market. The Trulia Estimate is $318,100, with a rent estimate of $2,195/month.

Home Details for 488 E Lorraine Ave

Interior Features

Heating & Cooling
Heating: GasAir ConditioningCooling System: CentralHeating Fuel: Gas
Levels, Entrance, & Accessibility
Stories: 1Floors: Carpet, Linoleum Vinyl

Exterior Features

Exterior Home Features
Roof: Asphalt, OtherDeckExterior: Brick
Parking & Garage
GarageParking: Garage Attached

Property Information

Year Built
Year Built: 1984
Property Type / Style
Property Type: CondoArchitecture: ranch

Community

Units in Building: 2

Lot Information

Lot Area: 5662 sqft

Price and Tax history

DateEventPrice
Jul 12, 2019
Source: MRED as distributed by MLS GRID #10391273
Sold
$215,900
Jun 10, 2019
Source: Agent Provided
Pending
$215,900
Jun 10, 2019
Source: Agent Provided
PendingToActive
$215,900
May 28, 2019
Source: Agent Provided
Pending
$215,900
May 24, 2019
Source: Agent Provided
Listed For Sale
$215,900

Market trends in Addison

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$402K
$8.33KMoM
Sale-to-List Price
100.6%
0.2%MoM
Price per sq ft
$239
$6MoM
Available listings
71
7MoM
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Around this home

What Locals Say about Addison

At least 248 Trulia users voted on each feature.

  • 84 % Say it's dog friendly

  • 83 % Say there are sidewalks

  • 79 % Say car is needed

  • 75 % Say parking is easy

  • 70 % Say yards are well-kept

  • 69 % Say there's holiday spirit

  • 68 % Say kids play outside

  • 63 % Say streets are well-lit

  • 61 % Say there's wildlife

  • 60 % Say it's quiet

  • 57 % Say people would walk alone at night

  • 54 % Say they plan to stay for at least 5 years

  • 53 % Say it's walkable to grocery stores

  • 50 % Say it's walkable to restaurants

  • 45 % Say neighbors are friendly

  • 38 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Gailygurl5949
    "Summer concert series"
    0
    Flag
  • Jfverdi
    "Great neighborhood, one way in and one way out, privacy abound. Downfall is no nearby parks or pools and you can’t really walk to grocery stores if you need to, too far, about 1 mile away to closest one. Nice neighborhood restaurants and bars, kid friendly. Great H.S. Easy access to expressways and O’hare. "
    0
    Flag
  • Crystal Ortiz
    "Keep your kids safe always watch your surroundings something here and there so happen but that’s in a blue moon "
    0
    Flag
  • Mg7rpzw77h
    " This is one of a few places that I have seen children outside playing under watchful eyes of parents on several porches. It’s heartwarming to see kids playing outside and feeling safe. "
    0
    Flag
  • Erika R.
    "You could always see owners walking their dogs here, and they are also very good about picking up after them "
    2
    Flag
  • Francisco B.
    "Just visiting. The town seems really friendly. There are a lot of upscale housing in the area. I would say, not a bad place to live."
    1
    Flag
  • Janette C.
    "Great environment and great schools!! Never felt unsafe living here. Great suburb to live n have kids "
    0
    Flag
  • Kime
    "careing neighborhood on every street and good place to walk your dog everyone speaks ad wwwwwwyyyyyy"
    1
    Flag
  • Jeffsnider10
    "The neighborhood is friendly and safe. I have not heard of any crimes in our area for the past 6 years since we moved to this area. In the warmer months we walk our dog to the park several times a week if not daily, everyone is friendly."
    1
    Flag
  • Mmike4874
    "Not far from work easy 20 minute drive of course traffic makes a difference but close to home and yet still close to work "
    0
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  • Paige H.
    "I dont personally like living in addison but I guess its nice because it's close to stores. "
    0
    Flag
  • P. J.
    "There are several schools in the area. The way they determine what school your child attends needs improvement. "
    0
    Flag
  • Travis T.
    "Safe neighborhood to walk your dog in but way too many Skunks in the summer! My dog got sprayed 7 times in the 2 years I lived here. City doesn’t do anything about them. "
    1
    Flag
  • Pinedasyl
    "Close enough to walk to parks, schools, and stores. Close to bus stop, police station, and library. "
    1
    Flag
  • Kime
    "neighbors speaks all the time. neighbors look out for each other houses and cars no one try to steal your car "
    0
    Flag
  • Joshua G.
    "Very busy, very populated town. Some unsafe areas, some very nice areas. Depends where you live. Lake st, is also very busy all the time."
    0
    Flag
  • Chelsea T.
    "I've lived here for 5 years. It feels safe and welcoming. There are a lot of families with children and the park is always busy."
    0
    Flag
  • G.saab00012
    "I love my town. I've been living here from last 2 years and I feel totally safe here. It I will recommend this area to all peoples."
    0
    Flag
  • Jfverdi
    "We have Rock n Wheels every Thursday night at Village Center. Features live bands, food and beverage stands or you can bring your own. Great gathering event."
    0
    Flag
  • Tinamodela
    "Very isolated, people don’t really talk to each other. It used to be a lot more friendly, but not now. "
    0
    Flag
  • Trulia User
    "Friendly quiet town just west of the city. In summer lots of activities to do. Great restaurants and bars down lake. A great place to raise a family."
    0
    Flag
  • Aaliyah
    "By car, Lyft, Uber. I’ve seen a bus go passed but I have never taken it before. Or I choose to walk or ride a bike."
    0
    Flag
  • Shivendra B.
    "they love walking dogs and is really safe for dog and it is awesome to see people walking dogs. I'm about to move and I will miss people walking dogs. It is an good community "
    0
    Flag
  • Vinpomp35
    "there are plenty of dog walkers, lots of grass on both sides of sidewalk, and a couple parks and forest preserves close by. "
    0
    Flag
  • Erica S.
    "the park by my complex gets flooded when it rains a lot so sometimes you can't walk over there, it gets so bad it floods half of the parking lot "
    0
    Flag
  • Prisila C.
    "Summer Thursday nights Rockn wheels. never gone but looks fun. No other community events that I know of. wood Dale and Itasca near by. "
    0
    Flag
  • Laura E.
    "I've lived in this neighborhood for 3 years and have loved it. it's peaceful, well kept, and citizen oriented. I am sad to be leaving the area but work calls for it. "
    0
    Flag
  • Darlandra W.
    "The park, i ut allows the kids a supervised place to hangout. The have a place for little kids as well as big kids."
    1
    Flag
  • Stulo603
    "We have lived here for about 7 months. It’s a quiet neighborhood, the people are nice and friendly. Stores are close buy and great restaurants. "
    0
    Flag

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Homes for sale near 488 E Lorraine Ave

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Off Market Homes Near 488 E Lorraine Ave

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Frequently asked questions about 488 E Lorraine Ave

  • What is 488 E Lorraine Ave estimated to be worth?
    Trulia's estimated value for 488 E Lorraine Ave in Addison, IL is $318,100.
  • What is the price history for 488 E Lorraine Ave?
    488 E Lorraine Ave in Addison, IL last sold for $215,900 in July 2019.
  • Is Addison a buyer's or seller's market?
    Addison is currently a seller's market, based on recent for-sale activity.
  • What's the median sale price in Addison?
    The median sale price in Addison is $402K. That is up $8.33K from the prior month.
  • Does 488 E Lorraine Ave have air conditioning?
    Yes, 488 E Lorraine Ave in Addison, IL has air conditioning.