OFF MARKET

Off market dec 2023 for $265K

$417,652

•

—

sq ft

516 Spring Ave, Naperville, IL 60540

About this home

Has 2 Naperville Electric Department meters 516 Spring and 516A Spring, divided by floor. Was used as a rent-by-room for decades. Rent-by-room is no longer an accepted use at this address. NEEDS A KITCHEN TO BE INSTALLED ON SECOND FLOOR TO BE USED AS A 2-FLAT. Or use as single family. Value is in the land, needs extensive restoration/rehab. SOLD STRICTLY AS-IS. Industrial use across the street has now been rezoned to R-2, single family and low density multi-family. Great investment potential at this price, lowest tear-down price in the hottest downtown Naperville neighborhood. Has alley access in back.

Multi-familyProperty Type

1906Year Built

8,700 sq ftLot Size

3 spacesParking

Listed by Constance Highland • Baird & Warner

Bought with Lori Johanneson • @properties Christies International Real Estate

Redfin checked: 2 minutes ago

•Source:MRED as Distributed by MLS Grid #11902650

Redfin Estimate

$417,652

$153K since sold in December 2023$6,000 since October

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 23.1% lower than the average sale price ($543K) of 5 comparable homes.

SOLD OCT 13, 2026
$405,000
A
4 beds2 baths— sq ft
323 N Loomis St, Naperville, IL 60540
SOLD JUL 8, 2026
$550,000
B
3 beds2 baths1,822 sq ft
54 Elmwood Dr, Naperville, IL 60540
SOLD OCT 2, 2026
$515,000
C
4 beds2.5 baths2,180 sq ft
1053 Laurel Ln, Naperville, IL 60540
SOLD JUL 17, 2026
$620,000
D
5 beds2 baths2,338 sq ft
325 Hemlock Ln, Naperville, IL 60540
SOLD SEP 15, 2026
$625,000
E
3 beds1.5 baths— sq ft
21 Golden Larch Ct, Naperville, IL 60540

Claim this home to receive a free report every month with insights on the changing estimate.

Earn from this home

Sell

$195,731

Est. take-home

List your home with Redfin and save $2,088

Market trends in 60540, IL

Last updated October 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-list price

99.5%

0.6% MoM

Median sale price

$686K

$28K MoM

Avg. days on market

51d

2 days MoM

Recently sold homes

170

9 MoM

New listings for sale

$294,900
2 beds2 baths1,200 sq ft
1276 Tennyson Ln #1276, Naperville, IL 60540
VIDEO TOUR
$525,000
3 beds2 baths1,727 sq ft
1424 Willcrest Rd, Naperville, IL 60540
EARLY ACCESS
$1,249,000
4 beds2 baths3,973 sq ft
119 N Ellsworth St, Naperville, IL 60540
FOR SALE BY OWNER
$600,000
6 beds4 baths4,363 sq ft
1045 Alder Ln, Naperville, IL 60540
$574,999
3 beds2 baths2,095 sq ft
8 E Gartner Rd, Naperville, IL 60540
$399,900
4 beds2 baths1,386 sq ft
24W561 Springdale Dr, Naperville, IL 60540
$999,000
6 beds3.5 baths4,210 sq ft
1333 Middleburg Rd, Naperville, IL 60540
3D WALKTHROUGH
$1,050,000
4 beds2 baths2,382 sq ft
414 W Benton Ave, Naperville, IL 60540
LISTED BY REDFIN
$544,000
3 beds2 baths1,776 sq ft
352 Berry Dr, Naperville, IL 60540
$625,000
4 beds3 baths2,688 sq ft
23W321 Woodcrest Ct E, Naperville, IL 60540
See all

Provided by Redfin

Sale history for 516 Spring Ave

Date

Event

Price

MRED #12100051

Sep 4, 2024

Rental Removed

$3,995

Aug 27, 2024

Price Changed

$3,995

Aug 19, 2024

Price Changed

$4,200

Aug 6, 2024

Listed for Rent

$4,500

MRED as Distributed by MLS Grid #11902650

Dec 15, 2023

Sold (MLS) (Closed)

$265,000

Oct 18, 2023

Contingent (Contingent - Continue to Show)

—

Oct 6, 2023

Listed (Active)

$350,000

MRED as Distributed by MLS Grid #11902783

Oct 18, 2023

Contingent (Contingent - Continue to Show)

—

MRED as Distributed by MLS Grid #11743355

Aug 10, 2023

Contingent (Contingent - Continue to Show)

—

Aug 9, 2023

Listing Removed

—

Year

Property tax

Land + Additions

Assessment*

2024

$9,546 (+5.2%)

$98,570 + $57,092

$155,662

2023

$9,075 (+9.1%)

$88,570 + $51,300

$139,870

2022

$8,320 (+3.5%)

$81,110 + $47,650

$128,760

2021

$8,038 (+0.3%)

$78,220 + $45,950

$124,170

2020

$8,012 (+3.5%)

$78,220 + $45,950

$124,170

2019

$7,742 (+3.4%)

$74,400 + $43,700

$118,100

2018

$7,488 (+1.9%)

$71,560 + $42,830

$114,390

2017

$7,345 (+2.3%)

$69,130 + $41,380

$110,510

2016

$7,179 (−0.4%)

$66,340 + $39,710

$106,050

2015

$7,205 (−0.2%)

$62,990 + $37,700

$100,690

2013

$7,216 (+4.9%)

$61,710 + $37,440

$99,150

2012

$6,877 (+1.5%)

$62,990 + $38,220

$101,210

2011

$6,775 (−2.0%)

$67,320 + $40,850

$108,170

2010

$6,915 (+2.5%)

$71,480 + $46,130

$117,610

2009

$6,748 (+3.5%)

$74,460 + $48,050

$122,510

2008

$6,521 (+4.9%)

$73,140 + $47,200

$120,340

2007

$6,215

$69,130 + $44,610

$113,740

Tax history for 516 Spring Ave

Year

Property tax

Land + Additions

Assessment*

2024

$9,546 (+5.2%)

$98,570 + $57,092

$155,662

2023

$9,075 (+9.1%)

$88,570 + $51,300

$139,870

2022

$8,320 (+3.5%)

$81,110 + $47,650

$128,760

2021

$8,038 (+0.3%)

$78,220 + $45,950

$124,170

2020

$8,012 (+3.5%)

$78,220 + $45,950

$124,170

2019

$7,742 (+3.4%)

$74,400 + $43,700

$118,100

2018

$7,488 (+1.9%)

$71,560 + $42,830

$114,390

2017

$7,345 (+2.3%)

$69,130 + $41,380

$110,510

2016

$7,179 (−0.4%)

$66,340 + $39,710

$106,050

2015

$7,205 (−0.2%)

$62,990 + $37,700

$100,690

2013

$7,216 (+4.9%)

$61,710 + $37,440

$99,150

2012

$6,877 (+1.5%)

$62,990 + $38,220

$101,210

2011

$6,775 (−2.0%)

$67,320 + $40,850

$108,170

2010

$6,915 (+2.5%)

$71,480 + $46,130

$117,610

2009

$6,748 (+3.5%)

$74,460 + $48,050

$122,510

2008

$6,521 (+4.9%)

$73,140 + $47,200

$120,340

2007

$6,215

$69,130 + $44,610

$113,740

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Public record
Zoning
Permits

Beds

—

Baths

Stories

—

Lot width

5 ft.

Lot depth

18 ft.

Lot size

8,617 Sq. Ft.

Year renovated

—

Sq. Ft.

1,920

Year built

1906

Style

Multi-Family (2-4 Unit)

County

DuPage County

APN

0713220003

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Sep 8, 2026.

Property details

Parking

Parking Information
# of Parking (Total): 3
Parking On-Site: Yes
Parking Features: Off Alley, Off Street, Driveway, Alley Access
Parking: Space/s
Parking Ownership: Owned

Interior

Bathroom Information
# of Baths (Full): 3

Bedroom Information
# of Bedrooms: 4
# of Bedrooms Possible: 4

Additional Rooms Information
Basement: Full
Basement Description: Partially Finished

Interior Features
# of Rooms: 9

Unit Type 1 Information
Floor Number: 1
# of Rooms: 5
# of Bedrooms: 2
# of Bathrooms (Total): 1
# of Full Bathrooms: 1
Appliances and Features: Window Air Conditioner
Security Deposit: 0
Tenant Pays: None
Lease Expiration Date: Wednesday, December 1, 1999

Unit Type 2 Information
Floor Number: 2
# of Rooms: 4
# of Bedrooms: 2
# of Bathrooms (Total): 1
# of Full Bathrooms: 1
Appliances and Features: Window Air Conditioner
Tenant Pays: None
Lease Expiration Date: Wednesday, December 1, 1999

Exterior

Building Information
# Of Units in Building: 2
Exterior Building Type: Aluminum Siding
Age: 100+ Years
Built Before 1978 (Y/N): Yes

Property Information
Property Type: Two to Four Units
Ownership: Fee Simple
Rebuilt (Y/N): No
Rehab (Y/N): No
Parcel Number: 0713220003

Lot Information
Dimensions: 50X174
Lot Size: Less Than .25 Acre
Zoning: MULTI

Financial

Tax Information
Tax Annual Amount: $8,319.58
Tax Year: 2022

Financial Information
Finance Code: Renovation Loan
Special Service Area: N

Utilities

Utility Information
Water Source: Lake Michigan
Sewer: Public Sewer

Heating & Cooling
Heating: Natural Gas, Forced Air

Location

School Information
Elementary School District: 203
Elementary School: Naper Elementary School
Middle Or Junior School District: 203
Middle Or Junior School: Washington Junior High School
High School District: 203
High School: Naperville North High School

Location Information
Township: Naperville
Corporate Limits: Naperville
Directions: Washington to Spring, West OR Jefferson to West Street East to Spring.

Public facts

Beds: —
Baths: 2.0
Sq. Ft.: 1,920
Stories: —
Lot Size: 8,617 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1906
Year Renovated: —
County: DuPage County
APN: 0713220003

Home facts updated by county records on Sep 8, 2026

Other

Listing Information
Holds Earnest Money: Yes
Possession: Closing
Some Photos Virtually Staged?: No

Around this home

Schools

K - 12
Preschool & daycare

Naper Elementary School

Public K-4 • Assigned • 0.3mi

10/10

Washington Junior High School

Public 5-8 • Assigned • 0.4mi

7/10

Naperville North High School

Public 9-12 • Assigned • 0.4mi

9/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

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 103° 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, 6 days in 30 years

Provided by First Street

Historical weather

Naperville, IL • 60540

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 10.2 hours in June and 3.4 hours in December, placing it below the U.S. average for solar exposure.

10.2 hrs

3.4 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$397,000 – $481,000

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Home values near 516 Spring Ave

Data from public records.

Address	Redfin Estimate
464 Spring Avenue Unit 68, Naperville, IL 4 Beds \| 3.5 Baths \| 2176 Sq. Ft.	$735,956
448 Spring Avenue, Naperville, IL - Beds \| 2 Baths \| 2482 Sq. Ft.	$675,550
506 Spring Avenue, Naperville, IL 4 Beds \| 2 Baths \| 1812 Sq. Ft.	$527,113
211 N West Street, Naperville, IL 5 Beds \| 5.5 Baths \| 4502 Sq. Ft.	$1,779,850
217 N West Street, Naperville, IL 4 Beds \| 4.5 Baths \| 4719 Sq. Ft.	$1,730,105
205 N West Street, Naperville, IL 2 Beds \| 1 Baths \| 886 Sq. Ft.	$468,059
505 Douglas Avenue, Naperville, IL 4 Beds \| 4.5 Baths \| 4305 Sq. Ft.	$1,804,250

Address	Redfin Estimate
460 Spring Avenue Unit 456, Naperville, IL 4 Beds \| 4 Baths \| 2176 Sq. Ft.	—
440 Spring Avenue, Naperville, IL 4 Beds \| 2 Baths \| 1848 Sq. Ft.	$465,720
520 Spring Avenue, Naperville, IL 4 Beds \| 2 Baths \| 1920 Sq. Ft.	$555,918
441 Douglas Avenue, Naperville, IL 4 Beds \| 4.5 Baths \| 3765 Sq. Ft.	$1,631,028
229 N West Street, Naperville, IL - Beds \| 1 Baths \| 864 Sq. Ft.	$475,567
231 N West Street, Naperville, IL 4 Beds \| 2 Baths \| - Sq. Ft.	$742,771
509 Douglas Avenue, Naperville, IL 2 Beds \| 1 Baths \| 952 Sq. Ft.	$937,200

Address	Redfin Estimate
510 Spring Avenue, Naperville, IL 4 Beds \| 2.5 Baths \| 1743 Sq. Ft.	$474,751
512 Spring Avenue, Naperville, IL - Beds \| 1.5 Baths \| 1104 Sq. Ft.	$361,590
524 Spring Avenue, Naperville, IL 3 Beds \| 3 Baths \| 1731 Sq. Ft.	$641,679
527 Douglas Avenue, Naperville, IL 5 Beds \| 2 Baths \| 2132 Sq. Ft.	$591,072
523 Douglas Avenue, Naperville, IL 5 Beds \| 4 Baths \| 5850 Sq. Ft.	$1,493,322
209 N West Street, Naperville, IL 4 Beds \| 4.5 Baths \| 3250 Sq. Ft.	$1,784,353
515 Douglas Avenue, Naperville, IL 3 Beds \| 1 Baths \| 1578 Sq. Ft.	$560,935

Property information provided by MRED as Distributed by MLS Grid when last listed in 2024. This data may not match . Learn more.

Listing provided courtesy of: @properties Christie's International Real Estate

Listing agent: Lori Johanneson

Based on information submitted to the MLS GRID as of Mon Nov 09 2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Last Updated: 2024-09-04T15:30:35.480Z

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