315 Oldfield Road, Downers Grove, IL 60516

Downers Grove
Local realty services provided by:Results Realty ERA Powered
315 Oldfield Road,Downers Grove, IL 60516
$425,000
  • 0.48 Acres
  • Lots / Land
  • Active
Listed by: elaine pagels, dan wood
Office: berkshire hathaway homeservices chicago
MLS#:12574901
Source:MLSNI

Price summary

  • Price:$425,000

About this home

.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...

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Home facts

  • Listing ID #:12574901
  • Added:22 day(s) ago
  • Updated:March 29, 2026 at 10:48 AM

Rooms and interior

  • Total bathrooms:2
  • Full bathrooms:2
  • Rooms Total:5
  • Basement:Yes
  • Basement Description:Full, Unfinished

Heating and cooling

  • Cooling:Central Air
  • Heating:Natural Gas
  • Central air:Yes

Structure and exterior

  • Lot area:0.48 Acres
  • Architectural Style:Traditional
  • Levels:1.5 Story

Schools

  • High school:Hinsdale South High School
  • Middle school:Cass Junior High School
  • Elementary school:Concord Elementary School

Finances and disclosures

  • Price:$425,000
  • Tax amount:$2,841 (2024)

Parking

  • Total parking spaces:8
  • Parking description:Detached Garage, Garage, Gravel
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