Closed

$389,000

5875 Walnut Avenue, Downers Grove, IL 60516
3 Beds2 Baths0 sqft5 days
5875 Walnut Avenue·Downers Grove, IL 60516
3Bedrooms
2Bathrooms
0Sq Ft
1943Year Built
About This Home

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.

MLS# 12563938Listed February 8, 2026Residential
Property Details

Beds & Baths

Total Bedrooms3
Total Bathrooms2
Full Baths2
Half Baths0
Total Rooms8

Size & Structure

Living Area0 sqft
Garage Spaces2
Fireplaces1
Year Built1943
Lot Size0.630 acres

Location

CountyDuPage
TownshipLisle
Zip Code60516

Financial

List Price$389,000
Annual Taxes (2024)$5,854
Monthly Tax Est.$488
Parcel #0813108007
Interior Features

Appliances

RangeMicrowaveRefrigeratorWasherDryer

Flooring

Hardwood

Heating

Natural GasForced Air

Cooling

Central Air

Basement

Partially FinishedPartial

Fireplace

Wood BurningGas Starter
Exterior & Lot

Construction

Vinyl Siding

Roof

Asphalt

Foundation

Concrete Perimeter
Utilities & Parking

Sewer

Septic Tank

Water Source

Lake Michigan

Electric

200+ Amp Service

Parking

ConcreteYesGarage OwnedDetachedGarage
HOA & Community

HOA Includes

None

Community Features

ParkLakeStreet Paved
Schools
Elementary
Henry Puffer Elementary School
District: 58
Middle School
Herrick Middle School
District: 58
High School
North High School
District: 99
Tax & Financial
Annual Taxes
$5,854
Tax Year 2024
Monthly Tax Est.
$488
per month
Property Location

5875 Walnut Avenue, Downers Grove, IL 60516 — DuPage County

$389,000
5875 Walnut Avenue
3 bd2 ba0 sqft
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
5 days on market
2-car garage
1 fireplace
0.630 acres
$5,854/yr taxes
$2,532
estimated monthly payment
Principal & Interest
$2,044/mo
Property Tax
$488/mo
$389,000
20% — $77,800
3%50%
6.875%
3%12%
Loan Amount
$311,200
Down Payment
$77,800

* Estimated payment only. Actual rates, taxes, and insurance may vary. Contact a lender for a personalized quote.

Listed by
Whyrent Real Estate Company
Agent: John Hoffman
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Listing Courtesy: MRED as distributed by MLS GRID | @properties Christie's International Real Estate

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