5004 Illinois Ave, Nashville, TN 37209
5004 Illinois Ave, Nashville, TN 37209, Conditional at $400,000 ($364/sq ft). 2 bd · 1 ba · 1,100 sqft · $364/sqft · 0.12 ac.
5004 Illinois Ave, Nashville, TN 37209, Conditional at $400,000 ($364/sq ft). 2 bd · 1 ba · 1,100 sqft · $364/sqft · 0.12 ac.
Conditional · $400,000
MLS #3531478 · listed September 2, 2026 · 10 days on market · updated October 24, 2026
2-bed, 1-bath home at 5004 Illinois Ave in The Nations, Nashville, 1,100 sqft, $400,000 ($364/sqft), by Wilson Group Real Estate.
5004 Illinois Ave is a 2-bedroom, 1-bath home in Nashville, TN 37209, offered at $400,000, about $364/sq ft across 1,100 sq ft.
At $364/sq ft, this home is about 6% above The Nations median list price per square foot of $342.
Market read: the The Nations market is balanced as of October 19, 2026, at about 3.6 months of inventory; recent sales have closed near 100% of list in the 12 months to October 24, 2026.
All-in, about $2,722/mo at 20% down (7.33% 30-year fixed).
Beyond principal and interest, the recurring carrying costs on this home (property tax, insurance) run about $522/mo, roughly 19% of the all-in monthly payment.
At the current 7.33% 30-year rate, principal and interest on this home runs about $2,200/mo; at the 6.81% rate of about three months ago it would be roughly $2,088/mo, so monthly P&I is about $112 higher now.
School zone: assigned to Cockrill Elementary, Moses McKissack Middle, Pearl Cohn Magnet High School. Attendance zones can change; verify current assignment with the district.
Next step: ask Grant Hammond anything about 5004 Illinois Ave (comps, HOA, tours) and he replies personally, usually same day.
Analysis by Grant Hammond, Compass RE. Figures as of September 12, 2026. Realtracs via IDX.
This is a standard residential home, not a permitted short-term rental.
More context: homes for sale in Nashville.
A house in the Nations for this price is so hard to find. This location is perfect for walking to ALL of the best restaurants and shopping on 51st Ave. The house is listed as a one bedroom but there is a small room with out a closet off the hall to the bedroom that is perfect for a nursery or office! The house is currently rented through 9/30 for $1700 per month. The back yard is fenced in and there is parking off the alley in rear and a detached shed. All applicances are included, washer and dryer as well. Pics are from when the house was for rent.
Listing remarks via the Realtracs Internet Data Exchange.
Complete reported fields for 5004 Illinois Ave (reference).
| Date | Event | Price | Change |
|---|---|---|---|
| Pending | |||
| Closed | $386,000 | -$14,000 (-3.5%) vs list | |
| Under contract | |||
| Listed | $400,000 | ||
| Deed recorded | $89,900 | ||
| Deed recorded | $52,500 | ||
| Quitclaim deed | $0 |
Listed September 2, 2026, this listing was on the market 10 days before it went under contract. It closed on October 24, 2026 for $386,000 (-$14,000 (-3.5%) against the last list price).
County assessment from Davidson County public records; listing-cycle history tracked by the GH Market Engine.
The Davidson County Assessor's appraised value of 5004 Illinois Ave by year: $37,800 in 1999 to $397,500 in 2025, a change of +952%. Appraised value is the county's figure for taxation, not a market value or a sale price.
| Year | Land | Building | Yard items | Total | Category |
|---|---|---|---|---|---|
| 2025 | $220,000 | $170,000 | $7,500 | $397,500 | ROLL |
| 2021 | $185,000 | $72,800 | $6,800 | $264,600 | ROLL |
| 2017 | $155,000 | $44,400 | $9,100 | $208,500 | ROLL |
| 2013 | $50,000 | $62,100 | $8,700 | $120,800 | ROLL |
| 2009 | $27,200 | $57,400 | $6,400 | $91,000 | ROLL |
| 2005 | $15,300 | $44,700 | $3,400 | $63,400 | ROLL |
| 2001 | $10,200 | $36,300 | $3,500 | $50,000 | ROLL |
| 2000 | $5,200 | $26,600 | $3,000 | $37,800 | ROLL |
| 1999 | $5,200 | $26,600 | $3,000 | $37,800 | ROLL |
Source: Davidson County Assessor of Property, historical appraisal record, as recorded; totals are the county's own figures. Davidson County reappraises every four years (most recently 2025); other years reflect changes recorded between reappraisals.
Estimated monthly ownership for 5004 Illinois Ave at $400,000: principal & interest, property tax, insurance. Estimate only; not a loan offer.
| List price | $400,000 |
|---|---|
| Property tax basis | Assessed value × 25% (TN residential ratio) × the Metro Nashville / Davidson County rate |
Estimated total monthly payment for 5004 Illinois Ave is about $2,722/mo, 20% down on a 30-year fixed at 7.33% (a conforming loan), including principal & interest $2,200, estimated property tax $235, homeowners insurance $287. Estimate only; not a loan offer.
| Principal & interest | $2,200/mo |
|---|---|
| Property tax (est.) | $235/mo |
| Homeowners insurance (est.) | $287/mo |
| Estimated total | $2,722/mo |
Assumes 20% down, 30-year fixed at 7.33% (Mortgage News Daily, as of October 23, 2026). Property tax uses the Davidson County Urban Services District rate at the 25% TN residential ratio. Estimate only; not a loan offer or appraisal. Enable JavaScript to adjust down payment, term, loan type, and rate.
| 30-year rate | Principal & interest | Est. total / mo | vs current |
|---|---|---|---|
| 6.33% | $1,987/mo | $2,509/mo | -$213/mo |
| 6.83% | $2,093/mo | $2,615/mo | -$107/mo |
| 7.33% | $2,200/mo | $2,722/mo | current |
| 7.83% | $2,310/mo | $2,832/mo | +$110/mo |
| 8.33% | $2,422/mo | $2,944/mo | +$222/mo |
Principal & interest on a 30-year fixed at 20% down ($320,000 loan), with property tax, insurance held constant at $522/mo. Current 30-year fixed 7.33% (Mortgage News Daily, as of October 23, 2026). Estimate only; not a loan offer.
Owning 5004 Illinois Ave runs about $2,722/mo all-in, from the payment estimate above. Whether buying beats renting turns on how long you stay, how fast prices and rents move, and the rent you would otherwise pay. Turn on JavaScript to model those assumptions and find the year buying pulls ahead.
Method: net cost to own equals down payment plus about 3% closing plus payments made, minus equity built (principal paid and appreciation) and about 7% exit costs, measured against cumulative rent. Broker commissions are not set by law and are fully negotiable. Estimate only; not financial advice.
| Metric | This home | The Nations active | Recently sold |
|---|---|---|---|
| Price / sq ft | $364 | $342 median | - |
| Price position | 81st pctile | +6% vs median | ~100% of list |
This listing beside the active The Nations market and recent recorded closings. Computed by Grant Hammond from Realtracs via IDX, as of October 24, 2026.
Among the 24 active homes in The Nations, this home at $364/sq ft falls in the 81st percentile on price per square foot.
Computed by Grant Hammond from 24 The Nations comparables (Realtracs via IDX), as of October 24, 2026, refreshed weekly.
Median list price per square foot for active single-family homes by high-school attendance zone. Attendance zones cross city mailing lines; this is a price comparison, not a rating.
| High-school zone | Median $/sq ft |
|---|---|
| Hillsboro | $460/sq ft |
| Stratford | $369/sq ft |
| Pearl-Cohn | $318/sq ft |
| Maplewood | $317/sq ft |
| Glencliff | $282/sq ft |
| James Lawson | $273/sq ft |
| John Overton | $263/sq ft |
| McGavock | $236/sq ft |
| Hunters Lane | $233/sq ft |
| Whites Creek | $233/sq ft |
| Cane Ridge | $220/sq ft |
| Antioch | $212/sq ft |
Computed by Grant Hammond from active Davidson County listings (Realtracs via IDX).
| Active listings | 17 in The Nations |
|---|---|
| Recent absorption | about 4.7 sales / mo |
| Months of inventory | 3.6 months, a balanced market |
Over the past 12 months, homes in The Nations sold at about 100% of list price.
Recorded sales in The Nations: 23 in the past 12 months.
Supply-side and recent-sale context for The Nations. Sale figures are trailing 6/12/24-month medians of recorded The Nations closings. Source Realtracs via IDX, as of October 19, 2026.
5004 Illinois Ave sits in The Nations, Nashville, Davidson County.
In The Nations, homes there are priced around $342 per square foot; inventory is running at about 3.6 months, a balanced market; recent sales closed near 100% of list price; 23 sales have been recorded in the past year.
Neighborhood housing-market facts computed by Grant Hammond from Realtracs via IDX, as of October 24, 2026.
Approximately 3.7 miles from downtown Nashville (straight-line distance).
5004 Illinois Ave is zoned for Cockrill Elementary, Moses McKissack Middle, Pearl Cohn Magnet High School. Attendance zones and enrollment change, confirm current zoning with the Metro Nashville Public Schools district before relying on it.
Get the full details, recent comparable sales, and any off-market options for 5004 Illinois Ave - plus tour times if you want them. Grant Hammond, Compass RE, replies personally, usually the same day.
Comparable listings near 5004 Illinois Ave, by price and size.
Listed by Alicia Griffith, Wilson Group Real Estate. Properties marked with the MTRMLS logo are provided courtesy of the Realtracs Internet Data Exchange Program. Information believed accurate but not guaranteed. IDX by Diverse Solutions.
Nashville housing market 2026 outlook shows rising inventory, rate-sensitive buyers, and county-level divergence between Davidson and Williamson Counties.
September 2026 Middle Tennessee real estate data shows active inventory up 8% year over year to 14,249 homes, months of supply at 5.41, and the average sale price up 5% to $631,993 while the median rose 2% to $444,169. Preliminary closings and listing counts will revise; this post updates October 9. Analysis covers Davidson, Williamson, Rutherford, Wilson, and Maury Counties.
August 2026 Middle Tennessee real estate data shows active inventory up 10% year over year to 14,294 homes, months of supply at 5.59, and the average sale price up 3% to $637,141 while the median held flat at $450,000. Preliminary closings and listing counts will revise; this post updates September 9. Analysis covers Davidson, Williamson, Rutherford, Wilson, and Maury Counties.
July 2026 Middle Tennessee real estate data shows the average sale price up 6% year over year to $646,875, active inventory up 9%, and new contracts down 1% even as closings fell 8% and new listings dropped 19%. Months of supply rose to 4.92. Analysis covers Davidson, Williamson, Rutherford, Wilson, and Maury Counties.
As of the latest update (October 24, 2026), 5004 Illinois Ave, Nashville is conditional, per Realtracs. Contact Grant Hammond, Compass RE, for current availability.
5004 Illinois Ave was listed on September 2, 2026 and went under contract on September 12, 2026, after 10 days on the market, per Realtracs.
No. The asking price has been $400,000 since it was listed on September 2, 2026.
5004 Illinois Ave, Nashville is listed at $400,000, about $364 per square foot across 1,100 square feet.
2 bedrooms and 1 bathroom.
About $364 per square foot ($400,000 across 1,100 sqft).
5004 Illinois Ave, Nashville was built in 1935.
No garage is reported in the listing.
No HOA dues are reported for this home.
5004 Illinois Ave, Nashville is in The Nations subdivision of Nashville.
About $2,722 a month with 20% down on a 30-year fixed at 7.33%, principal and interest $2,200, estimated property tax $235, insurance $287. Estimate only; not a loan offer. Adjust the down payment, term, loan type, and rate in the financing calculator on this page.
5004 Illinois Ave, Nashville is zoned for Cockrill Elementary, Moses McKissack Middle, Pearl Cohn Magnet High School. Attendance zones and enrollment change, verify current zoning with the Metro Nashville Public Schools district.
No, 5004 Illinois Ave, Nashville is a standard residential home, not a permitted short-term rental. Ask Grant Hammond about STR-eligible inventory if that is your goal.
Request a time using the tour form on this page (in-person or a live video walkthrough), or call or text Grant Hammond, Compass RE, at (615) 945-7123. Most showings are confirmed within 24 to 48 hours.
Grant Hammond, Compass RE, can prepare and present your offer, walk you through price, contingencies, and timeline, and represent you through closing. Start with the form on this page or call (615) 945-7123. Broker fees are not set by law and are fully negotiable.
Yes. This page shows the full photo set and reported MLS fields; contact Grant Hammond, Compass RE, for a disclosure packet, recent comparable sales, and any off-market options.
Grant Hammond, Compass RE (TN Broker), with 25+ years and $1B+ in Middle Tennessee sales. Use the tour or question form on this page.
At about $364 per square foot, 5004 Illinois Ave, Nashville ranks in the 81st percentile of active The Nations listings by price per square foot, roughly 6% above The Nations median. This is comp-based analysis by Grant Hammond, Compass RE, not an appraisal.
The The Nations market is currently balanced, at about 3.6 months of inventory; recent sales have closed near 100% of list price over the past year, per Realtracs as of October 19, 2026.
Thinking of selling in The Nations?
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