1.65 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. Exceptional location with quick access to major expressways, highly rated schools, premier shopping and dining, airports, and close proximity to luxury home communities. The adjoining addresses are 315 Oldfield, 325 Oldfield and 400 Frontage Road for a total asking price of $1,925,000.
131 days
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80
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4
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Zillow last checked:
Listing updated:
Listed by:
Elaine Pagels, CSC630-640-2002,
Berkshire Hathaway HomeServices Chicago,
Dan Wood630-640-3798,
Berkshire Hathaway HomeServices Chicago
Source: MRED as distributed by MLS GRID,MLS#: 12576537
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Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 6
Bathrooms: 2
Full bathrooms: 2
Heating
Natural Gas
Appliances
Laundry: Common Area
Features
Basement: Unfinished,Full
Property
Parking
Total spaces: 4
Parking features: Asphalt, Detached, Garage
Has garage: Yes
Features
Stories: 2
Frontage length: 495
Lot
Size: 1.65 Acres
Dimensions: 495x142x469x155
Details
Additional structures: Garage(s), Residence
Parcel number: 1005203006
Zoning: SINGL
Special conditions: Standard
Utilities & green energy
Utilities for property: Electric to Site, Natural Gas Available, Sewer Connected, Water Nearby
Community & HOA
Location
Region: Downers Grove
Financial & listing details
Annual tax amount: $6,112
Date on market: 3/6/2026
Ownership: Fee Simple
Tenant pays: Air Conditioning, Electricity, Heat, Taxes, Roof, Scavenger, Structure, Sewer, All Utilities
Electric utility on property: Yes
Road surface type: Asphalt
Estimated market value
Zestimate®
Not available
Estimated sales range
Not available
Rent Zestimate®
Not available
Price history
Date
Event
Price
3/6/2026
Listed for sale
$900,000
Source: MRED as distributed by MLS GRID #12576537Report a problem
Public tax history
Tax history is unavailable.
Monthly payment
Estimated monthly payment$1,822
Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
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.
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.