A rare multi-unit opportunity situated on an expansive 1.3-acre parcel, this property offers significant renovation and investment potential in a highly desirable location. The building requires substantial updating and is being sold as-is; due to its current condition, the property will not qualify for FHA financing. The building features two well-proportioned units, each offering three bedrooms and one full bathroom, making it ideal for investors, owner-occupants, or those seeking flexible living arrangements. The shared basement includes two sets of washers and dryers, storage space, adding convenience and efficiency for both units. The exterior amenities further enhance the property's appeal, highlighted by a detached four-car garage offering ample space for vehicles, storage, or hobby use. The oversized lot provides a unique sense of privacy and opens the door for future possibilities, whether expansion, redevelopment, or simply enjoying the additional land. With strong rental potential, generous acreage, and versatile use options, this is a compelling opportunity for buyers looking to secure a multi-unit property with both stability and growth potential. Exceptional location with quick access to major expressways, highly rated schools, premier shopping and dining, airports. Move Confidently.
Multi-familyProperty Type
1.3 acresLot Size
4 garage spacesParking
Listed by Elaine Pagels• Berkshire Hathaway HomeServices Chicago
Listed by Dan Wood• Berkshire Hathaway HomeServices Chicago
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.
Public Records
Sep 23, 2016
Sold
$200,000
Year
Property tax
Land + Additions
Assessment*
2024
$5,436 (+4.7%)
$39,552 + $63,266
$102,818
2023
$5,190 (+3.4%)
$36,360 + $58,160
$94,520
2022
$5,020 (+8.3%)
$34,920 + $55,870
$90,790
2021
$4,634 (+2.0%)
$34,520 + $55,230
$89,750
2020
$4,544 (+4.3%)
$33,840 + $54,140
$87,980
2019
$4,356 (+14.4%)
$32,470 + $51,950
$84,420
2018
$3,807 (+2.8%)
$29,360 + $46,960
$76,320
2017
$3,703 (−8.3%)
$28,250 + $45,190
$73,440
2016
$4,039 (+10.4%)
$26,960 + $50,740
$77,700
2015
$3,657 (−21.3%)
$25,360 + $47,740
$73,100
2013
$4,648 (−9.1%)
$35,060 + $56,340
$91,400
2012
$5,115 (+3.6%)
$43,110 + $61,530
$104,640
2011
$4,939 (+9.8%)
$45,910 + $65,530
$111,440
2010
$4,497 (+2.4%)
$45,550 + $65,010
$110,560
2009
$4,394 (+0.9%)
$48,350 + $69,000
$117,350
2008
$4,356 (+3.8%)
$48,350 + $69,000
$117,350
2007
$4,195
$45,660 + $65,160
$110,820
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
—
Lot width
—
Lot depth
—
Lot size
0.88 Acres
Year renovated
—
Finished Sq. Ft.
—
Unfinished Sq. Ft.
—
Total Sq. Ft.
—
Year built
—
Style
Single Family Residential
County
DuPage County
APN
1005203004
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 8, 2026.
R-3
Single-Family Residence District
The R-3 single-family residence district is established to preserve and maintain existing single-family areas of the County and permit the continued development of residential uses primarily in areas where public utilities are readily available.
Permitted uses
Include but are not limited to:
Assembly/ meeting place
Housing-Group
Housing-Single unit
Golf related
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 102° expected this year, 15 days in 30 years
2/10 Wind Factor
Minor risk of severe winds over next 30 years
4/10 Air Factor
4 unhealthy days expected this year, 5 days in 30 years
Provided by First Street
Historical weather
Downers Grove, IL • 60516
Average low and high temperatures (°F)
29
15
39
22
55
34
63
43
70
49
82
62
85
67
81
64
78
58
67
49
50
37
36
23
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
97/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 17% for direct sun exposure in Downers Grove. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.9 hrs
6 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 325 Oldfield Rd
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $372,000 and $650,000.
Nearby comparable homes
The Redfin Estimate uses 4 recent nearby sales, priced between $372K to $650K.