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$425,000

Listing Price

--beds

1baths

1,152sqft

18,731sqft lot

315 Oldfield Rd, Downers Grove, IL 60516

Member Features

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  • Full foreclosure details

  • Home value, equity and ownership info

  • Find homes priced below market

  • Get full access with a FREE Account

Already a member?

For Sale

Single Family

Home type

351.07

Price / sqft

1907

Year built

Home Details

.48 acre! Prime residential redevelopment opportunity in Downers Grove, Illinois, approximately 3.5 acres total, consisting of three contiguous/closely aligned parcels with significant frontage of 392' along Oldfield Rd and 499' along Frontage Rd. This assemblage offers meaningful scale for a builder or developer seeking a higher-utility infill site with flexible configuration and the potential to create a density-supported plan (subject to zoning, approvals, and any required variances), currently zoned R-3 which further supports the site's long-term development viability. The combined footprint and layout provide a strong framework for single-family homes, residential group homes, other residential-style redevelopment depending on municipal review and site engineering. The site's general shape allows for efficient planning, including potential internal access/drive design, parking solutions, and building orientation, key advantages when pursuing a higher-and-best-use redevelopment concept. Utilities to the properties are city sewer, electric and gas, with city water connection at the street, buyers should conduct due diligence regarding any required extensions or upgrades. Exceptional location with quick access to major expressways, highly rated schools, premier shopping and dining, airports, and close proximity to luxury home communities. Ownership's preference is to market and sell as a single assemblage to maximize the site's development potential and value. A strong fit

Interior Details

Square Feet
  • 1152

Bedrooms
  • N/A

Bathrooms
  • 1

Heating
  • Has Heating:

    No

  • Heating Type:

    N/A

Cooling
  • Has Cooling:

    Yes

  • Cooling Type:

    Central

Fuel
  • Has Fuel:

    No

  • Fuel Type:

    N/A

Basement
  • Has Basement:

    No

  • Basement Type:

    Full

Flooring
  • Has Flooring:

    No

  • Flooring Type:

    N/A

Fireplace
  • Has Fireplace:

    Yes

  • Fireplace Type:

    N/A

Property Details

Lot Size
  • 18731

Water
  • No

Sewer
  • No

Parking
  • Type:

    N/A

  • Location:

    N/A

  • Status:

    N/A

  • Number of Spaces:

    N/A

Deck
  • N/A

Patio
  • N/A

Fence
  • N/A

Pool
  • N/A

Porch
  • N/A

Stoop
  • N/A

Breezeway
  • N/A

Construction Details

Number of Stories
  • 1

Style
  • N/A

Exterior
  • N/A

Foundation
  • N/A

Roof
  • N/A

Roofing Material
  • N/A

Tax History

Year

Amount

Land

Improvement

Percent Change

Assessment

2019

$3,160

$25,100

$37,790

--%

$62,890

2018

$2,825

$22,690

$35,500

--%

$58,190

2017

$2,744

$21,830

$34,160

--%

$55,990

2016

$2,671

$20,830

$32,600

--%

$53,430

2015

$2,607

$19,600

$30,670

--%

$50,270

2013

$3,313

$27,100

$36,200

--%

$63,300

2012

$3,619

$33,320

$39,650

--%

$72,970

2011

$3,491

$35,480

$42,220

--%

$77,700

percent-home-icon

Average Home Price in 60516

Nearby Properties

Zip Code

Price

Bed

Bath

Sqft

Lot

Sold Date

$635,000

-- Beds

2 Baths

1,287 Sqft

103,237 Lot (sqft)

Sold 10/05/2026

$425,000

-- Beds

1 Baths

1,152 Sqft

18,731 Lot (sqft)

Sold 09/29/2026

percent-home-icon

Calculators

Mortgage

Mortgage Calculator

Calculate your monthly mortgage payments.
Household Income
70,000
$
Home price
425,000
$
Down payment
85,000
$
Mortgage Rate
6.5
%
Loan Term
Property Tax Rate
1.1
%
Homeowner's Insurance (Annual)
2,550
$
HOA (Monthly)
0
$
PMI
0
$
$2,751
Your Payment
Total Monthly Payment:$2,751
Percent of Income:47%
Affordable:No

Details for 315 OLDFIELD RD

Property Debt

Foreclosure Contact Details