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$425,000
Listing Price--beds
1baths
1,152sqft
18,731sqft lot
315 Oldfield Rd, Downers Grove, IL 60516
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Full foreclosure details
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For Sale
Home type
Price / sqft
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
1152
N/A
1
Has Heating:
No
Heating Type:
N/A
Has Cooling:
Yes
Cooling Type:
Central
Has Fuel:
No
Fuel Type:
N/A
Has Basement:
No
Basement Type:
Full
Has Flooring:
No
Flooring Type:
N/A
Has Fireplace:
Yes
Fireplace Type:
N/A
Property Details
18731
No
No
Type:
N/A
Location:
N/A
Status:
N/A
Number of Spaces:
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Construction Details
N/A
N/A
N/A
N/A
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
Average Home Price in 60516
Nearby Properties
Zip Code
Price
Bed
Bath
Sqft
Lot
Sold Date
$635,000
$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






