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Land · Downers Grove, IL
$425,000
1 beds · 2 baths
315 Oldfield Road, Downers Grove, IL, 60516
A brick-and-mortar place to make your own — room to make it home.
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What’s special

Central air0.48-acre lot
.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 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.
— the listing agent’s description

The home

1 beds
2 baths
0.48-acre lot
Land
Traditional

What it’ll cost

$2,841 taxes / yr
No HOA
53 days on dwello

Estimated monthly payment

$2,621/mo
Principal & interest$2,260
Property taxes$237
Homeowners insurance$124
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Tour this home

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WED
Jun 3
THU
Jun 4
FRI
Jun 5
SAT
Jun 6
11:00 am
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53 days on dwello
Price history
Listed for sale
Mar 6, 2026
$425,000
Earlier records
Sold
Jun 3, 2026
$400,000
From MLS records — independently verify.
Property taxes
2025
Annual tax bill (MLS)
$2,841/yr
From county records — verify with the assessor.

Features

Central AirNatural GasConcreteCedarGravelDetached

Schools

Elementary — Concord Elementary School
Middle — Cass Junior High School
High — Hinsdale South High School
Assigned schools per the listing — always verify enrollment + boundaries with the district.
Neighborhood
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Nearby places via OpenStreetMap — approximate; verify what matters to you. Map © Mapbox © OpenStreetMap.
MLS listing dataMRED
Listed by Elaine Pagels · Berkshire Hathaway HomeServices Chicago
Listing last updated Apr 25, 2026 · data refreshed from the MLS Apr 27, 2026, 7:40 PM CT
Based on information submitted to the MLS GRID as of Apr 27, 2026, 7:40 PM CT. Listing data © MRED LLC, distributed by MLS GRID — deemed reliable but not guaranteed; independently verify. Anything shown below this point is not MLS listing data.
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