5875 Walnut Avenue, Downers Grove, Illinois 60516
$449,000
|
For Sale
|
|
| Status: | New |
| Sqft: | 2,200 |
| Cost/Sqft: | $204 |
| Beds: | 3 |
| Baths: | 2 |
| Year Built: | 1943 |
| Property Taxes: | $5,854 |
| Days On Market: | 5 |
| Lot Size: | 0,63 |
Description
Rare opportunity to acquire a premium .63-acre (100 x 275) lot in the highly sought-after Downers Grove North High School District, offering exceptional flexibility for an owner-occupant, investor, or builder in one of the community's most desirable and established areas. The property includes a three-bedroom, two-bath residence with a basement and a detached two-car garage, being conveyed as-is, and presents a unique chance to either thoughtfully renovate and restore the existing home or pursue new construction on a lot size and configuration rarely available in this location. The current home benefits from several major updates, including newer windows (approximately 4 years), roof (approximately 5 years), furnace (approximately 2 years), water heater (approximately 2 years), siding (less than 1 year), and air conditioning (approximately 5 years). For those seeking redevelopment, the expansive 100-foot frontage and 275-foot depth create an ideal canvas for a wide range of architectural possibilities, including estate-style luxury residences with generous setbacks, enhanced outdoor living environments, pools, sports courts, guest houses, or resort-style entertaining spaces that are increasingly in demand but rarely achievable on smaller suburban parcels. The lot is framed by mature trees and neighboring homes, offering depth, and classic suburban appeal, while utilities include city water with public sewer readily available for tie-in, providing flexibility and efficiency for renovation, expansion, or new construction planning; a survey is available to support due diligence. The walkable, lifestyle-driven location further enhances the long-term value and desirability of the property, with convenient access to multiple nearby parks and trail systems including Gelwicks Park, Ebersold Park, Whitlock Park, and Hummer Park, along with larger destination parks such as McCollum Park and Patriots Park that support year-round recreation and outdoor enjoyment. Residents are also just minutes from Downtown Downers Grove, where boutique shopping, award-winning restaurants, the historic Tivoli Theatre, farmers markets, and seasonal community events create a vibrant small-town atmosphere, while commuters benefit from proximity to Metra BNSF train stations with express service to Chicago and easy access to I-355 and I-88, providing seamless connectivity to Oak Brook, Naperville, major corporate corridors, and both O'Hare and Midway airports. With its rare lot dimensions, prime school district, renovation-ready improvements, exceptional redevelopment upside, and a motivated seller, this property represents a compelling opportunity to create immediate and long-term value in one of Downers Grove's most coveted locations.
Property Specifics
| Single Family | |
| — | |
| — | |
| 1943 | |
| — | |
| — | |
| No | |
| 0.63 |
| — | |
| — | |
| — / Not Applicable | |
| — | |
| — | |
| — | |
| 12536304 | |
| 0813108007 |
Nearby Schools
| NAME: | DISTRICT: | DISTANCE: | |
|---|---|---|---|
|
Grade School
Henry Puffer Elementary School |
58 | — | |
|
Middle School
Herrick Middle School |
58 | Not in DB | |
|
High School
North High School |
99 | Not in DB | |
Property History
| DATE: | EVENT: | PRICE: | SOURCE: |
|---|---|---|---|
| 10 Jan, 2026 | Listed for sale | $449,000 | MRED MLS |
Room Specifics
Total Bedrooms: 3
Bedrooms Above Ground: 3
Bedrooms Below Ground: 0
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Full Bathrooms: 2
Bathroom Amenities: —
Bathroom in Basement: 0
Rooms: —
Basement Description: —
Other Specifics
| 2 | |
| — | |
| — | |
| — | |
| — | |
| 100x275 | |
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| — | |
| — | |
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| Not in DB | |
| — | |
| — | |
| — | |
| — |
Tax History
| Year | Property Taxes |
|---|---|
| 2026 | $5,854 |
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Listing Provided By
Whyrent Real Estate Company
