Corcoran Urban Real Estate
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1 Property Within 0.5 miles of: 5875 Walnut, Downers Grove

5875 Walnut
Downers Grove, IL 60516

  • 3 Beds
  • 2 Baths
  • 2,200 Sq. Ft.
  • Built In 1943
Price

$389,000

Est Payment
$2,376 / month (details)  
Taxes
$5,854  
Beds
3  
Baths
2  
Rooms
8  
Type
Detached Single  
Sq. Ft.
2,200  
Lot Size
100x275  
Built
1943  
Neighborhood
Downers Grove  
MLS
#12563938
Status
Active (2 days)

Property 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 Map

Property Details

Rooms

Room
Level
Flooring
Size
Living Room
Main
Hardwood
14X12
Dining Room
Main
Hardwood
17X10
Kitchen
Main
Hardwood
17X11
Family Room
Main
Hardwood
14X13
Laundry
Main
9X5
Master Bedroom
Second
Luxury Vinyl
14X13
Bedroom 2
Second
Luxury Vinyl
15X10
Bedroom 3
Second
Luxury Vinyl
15X10
Bedroom 4
N/A
Recreation Room
Basement
Vinyl
18X11
Mud Room
Main
8X5

Utilities

  • Heating Natural Gas, Forced Air
  • Cooling Central Air
  • Water Lake Michigan
  • Sewer Septic Tank

Additional Information

Appliances
Range, Microwave, Refrigerator, Washer, Dryer
Parking
2 Garage Spaces, Concrete, Yes, Garage Owned, Detached, Garage
Schools
North High School (99), Herrick Middle School (58), Henry Puffer Elementary School (58)

Payment Calculator

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Principal & Interest
$0
Property Tax
$0
Assessments
$0
Home Insurance
$0
Mortgage Insurance
$0

Listing History

02-08-2026 Listed at $389,000
Last Modified 2/9/26 2:09 PM

Nearby Transportation

  • Hwy 355 North 0.5 mi
  • Hwy 355 South 0.5 mi
  • I 88 East 1.6 mi
  • I 88 West 1.6 mi
  • I 55 South 4.7 mi
  • I 55 North 5.0 mi
grid
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