5875 Walnut Avenue
Downers Grove, IL, 60516 $ 389,000
Bedrooms3 Baths2.0 Sq 2,200 Monthly Estimate*
$ 2,395
for $389,000 with 3 bedrooms and 2 full baths. This 2,200 square foot home was built in 1943 on a lot size of 0.63.
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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FeaturesGeneralLiving Area 2200
Sewer Septic Tank
Heating Natural Gas Forced Air
Cooling Central Air
Possession Closing
Roof Asphalt
Appliances Range Microwave Refrigerator Washer Dryer
Garage Spaces 2
Association Fee Includes None
Construction Materials Vinyl Siding
Year Built 1943
Electric 200+ Amp Service
Township Lisle
Tax Year 2024
Ownership Fee Simple
Community Features Park Lake Street Paved
Assoc Fee Paid Per Not Applicable
County DuPage
New Construction N
Property Type Residential Detached Single
Total Rooms 8
Full Baths 2
Status New
Directions From 355 Exit onto Maple Ave go east on Maple to Walnut right onto Walnut to 5875 Walnut.
High School North High School
City Downers Grove
High School District 99
MLS Area Downers Grove
Elementary School Henry Puffer Elementary School
Tax Annual Amount 5854
Middle/Junior High School Herrick Middle School
Additional Parcels Y/N N
Standard Status Active
Middle/Junior School District 58
Elementary School District 58
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InteriorBasement Partially Finished Partial
Flooring Hardwood
Total Fireplaces 1
Fireplace Features Wood Burning Gas Starter
Half Baths 0
Total Bedrooms 3
Room Type Recreation Room Mud Room
Total Baths 2
Bedrooms Possible 3
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ExteriorParking Features Concrete Yes Garage Owned Detached Garage
Water Source Lake Michigan
Total Parking 2
Foundation Details Concrete Perimeter
Lot Dimensions 100x275
Lot Size Acres 0.63
Waterfront Y/N N
Other Equipment CO Detectors Sump Pump Water Heater-Gas
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* Excluded FeaturesList ByWhyrent Real Estate CompanyBroker
office@whyrentre.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $2,395
- Monthly Property Taxes
- $488
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbySingle family listings in Downers Grove, IL
Average List Price $855,650
Percent of Sale Price 120%
About Downers Grove, IL 50,198 Population
0% Since 2002
$ 87,923 Median Income
43.9 Median Age
29% Households with Children
Trends Information provided by ATTOM Data Solutions.
565787 Elementary School
564686 Middle School
North High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 2/8/2026 | $389,000 | | Listed Price |