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  • $600,000

    325 Oldfield Rd, Downers Grove, IL 60516

    6beds
    1.3Acres
    Unimproved Land
    Built in ----
    1.3 Acres Lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Substantial street presence
    1.3 acres! 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 for builders and developers looking for a larger site with substantial street presence, in a community aligned with new residential development. The adjoining addresses are 315 Oldfield, 325 Oldfield and 400 Frontage Road for a total asking price of $1,925,000.
    31 days
    |
    196
    |
    7
    |

    Zillow last checked: 7 hours ago

    Listing updated: 18 hours ago

    Listing courtesy of:

    Elaine Pagels, CSC 630-640-2002,

    Berkshire Hathaway HomeServices Chicago,

    Dan Wood 630-640-3798,

    Berkshire Hathaway HomeServices Chicago

    Source: MRED as distributed by MLS GRID,MLS#: 12575445MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 6
      • Bathrooms: 2
      • Full bathrooms: 2
      Heating
      • Natural Gas
      Cooling
      • Central Air
      Appliances
      • Laundry: Electric Dryer Hookup, Common Area, Sink
      Features
      • Basement: Unfinished,Concrete,Storage Space,Full

      Property

      Parking
      • Total spaces: 9
      • Parking features: Gravel, Detached, Garage
      • Has garage: Yes
      Features
      • Stories: 2
      • Frontage length: 104
      Lot
      • Size: 1.3 Acres
      • Dimensions: 104x312x130x97x60x100x32x100x132x200
      Details
      • Additional structures: Garage(s), Residence
      • Additional parcels included: 1005203013
      • Parcel number: 1005203004
      • Zoning: SINGL
      • Special conditions: Standard

      Utilities & green energy

      • Water: Well
      • Utilities for property: Electric to Site, Natural Gas Available, Water Nearby

      Community & HOA

      Location
      • Region: Downers Grove

      Financial & listing details

      • Tax assessed value: $102,818
      • Annual tax amount: $5,831
      • Date on market: 3/6/2026
      • Ownership: Fee Simple
      • Electric utility on property: Yes
      • Road surface type: Asphalt

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        Price history
        DateEventPrice
        3/6/2026Listed for sale$600,000
        Source: MRED as distributed by MLS GRID #12575445 Report a problem

        Public tax history

        Public tax history
        YearProperty taxesTax assessment
        2024$5,436 +4.7%$102,818 +8.8%
        2023$5,190 +3.4%$94,520 +4.1%
        2022$5,020 +8.3%$90,790 +1.2%
        2021$4,634 +2%$89,750 +2%
        2020$4,544 +4.3%$87,980
        2019$4,356 +14.4%--
        2018$3,807 +2.8%$76,320 +3.9%
        2017$3,703 -8.3%$73,440 -5.5%
        2016$4,039 +10.4%$77,700 +6.3%
        2015$3,657 -12.9%$73,100 -10.1%
        2014$4,197 -9.7%$81,270 -11.1%
        2013$4,648 -9.1%$91,400 -12.7%
        2012$5,115 +3.6%$104,640 -6.1%
        2011$4,939 +9.8%$111,440 +0.8%
        2010$4,497 +2.4%$110,560 -5.8%
        2009$4,394 +0.9%$117,350
        2008$4,356 +3.8%$117,350 +5.9%
        2007$4,195 +8.1%$110,820 +11.3%
        2006$3,882 +3.8%$99,580 +7.7%
        2005$3,738 +4%$92,460 +7%
        2004$3,595 +0.8%$86,410 +10%
        2003$3,568 -2.8%$78,550 +1.7%
        2002$3,672 +2.8%$77,240 +6.8%
        2001$3,571 +2.5%$72,340 +3.5%
        2000$3,485 $69,890

        Find assessor info on the county website

        Monthly payment

        Estimated monthly payment
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 60516

        Getting around

        5 / 100
        Car-Dependent
        0 / 100
        No Nearby Transit
        21 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Concord Elementary School
        • Middle: Cass Junior High School
        • High: Hinsdale South High School
        • District: 63

        Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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