5875 Walnut Avenue, Downers Grove, IL 60516
Local realty services provided by:Better Homes and Gardens Real Estate Connections
5875 Walnut Avenue,Downers Grove, IL 60516
$389,000
- 3 Beds
- 2 Baths
- 2,200 sq. ft.
- Single family
- Pending
Listed by: john hoffman
Office: whyrent real estate company
MLS#:12563938
Source:MLSNI
Price summary
- Price:$389,000
- Price per sq. ft.:$176.82
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....
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Home facts
- Year built:1943
- Listing ID #:12563938
- Added:48 day(s) ago
- Updated:March 29, 2026 at 07:57 AM
Rooms and interior
- Bedrooms:3
- Total bathrooms:2
- Full bathrooms:2
- Rooms Total:8
- Dining Description:Separate Dining Room
- Kitchen Description:Microwave, Range, Refrigerator
- Basement:Yes
- Basement Description:Partial, Partially Finished
- Living area:2,200 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Forced Air, Natural Gas
- Central air:Yes
Structure and exterior
- Roof:Asphalt
- Year built:1943
- Building area:2,200 sq. ft.
- Lot area:0.63 Acres
- Foundation Description:Concrete Perimeter
- Levels:2 Story
Schools
- High school:North High School
- Middle school:Herrick Middle School
- Elementary school:Henry Puffer Elementary School
Utilities
- Water:Lake Michigan
Finances and disclosures
- Price:$389,000
- Price per sq. ft.:$176.82
- Tax amount:$5,854 (2024)
Features and amenities
- Laundry features:Dryer, Washer
- Amenities:CO Detectors, Sump Pump
Parking
- Total parking spaces:2
- Parking description:Concrete, Detached Garage, Garage
- Garage:Yes
- Garage spaces:2
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