For Sale
5905 Lee Ave
Downers Grove, IL, 60516 • 60516 • DuPage County
$280,000
$246/sqft
Down payment assistance available
3Beds
2Baths
1,140Sqft
0.45 acLot
1955Built
Property DNA
Ranch Style
Built 1955 · 71 years of history
Shed(s)
Shed(s)
2-Car Garage
Asphalt · Garage Door Opener · Yes · Garage Owned · Detached · Garage
Just Listed
Listed Apr 9, 2026
This home is getting attention
361 views · 29 saves
Market activity
Demand and pricing signals for this listing
361 views
People checking out this listing
29 saves
Buyers have saved this home
$246/sqft
Price per square foot
About this home
Single Family · Built 1955
Opportunity knocks in one of Downers Grove's most desirable locations. This solid 3 bedroom, 2 bathroom home sits on an expansive 66x300 lot and offers incredible potential for investors, flippers, or handy homeowners ready to add value. This is primarily a moderate to heavy cosmetic rehab, making it an ideal project for those looking to maximize returns without taking on a full gut renovation. With strong buyer demand in the area, this property presents a clear path to profit whether you're planning to renovate and resell, hold as a rental, or create your own customized home. The location is a major advantage. Just minutes from Downtown Downers Grove, the Metra, and major highways including I-355, I-88, and I-55, this home offers convenience that today's buyers and renters are actively seeking. It's also situated within the highly regarded Indian Trail Elementary, O'Neill Middle School, and Downers Grove South High School districts. Surrounded by parks, restaurants, shopping, and everything that makes Downers Grove such a sought-after community, this is a rare chance to secure a value-add property in a high-demand neighborhood. Bring your vision and unlock the incredible upside potential this solid home can offer!
Estimated monthly payment
Based on current rates
$1,746/month
Principal & Interest$1,373
Property Tax$280
Insurance$93
Down payment20% ($56,000)
3%50%
Est. 6.20% rate · 30yr fixed · $224,000 loan
Full calculator →At a glance
Key facts and listing details
TypeSingle Family Residence
Year Built1955
HeatingNatural Gas
CoolingCentral Air
Parking2 Garage spaces
Lot0.45 Acres
Days on Zillow0
Price/sqft$246
Property
Home typeSingle Family
Sub-typeSingle Family Residence
StyleRanch
Year built1955
Stories1
Systems
HeatingNatural Gas
CoolingCentral Air
RoofAsphalt
ConstructionOther
Water / SewerLake Michigan, Public / Septic Tank
Parking & Outdoor
ParkingAsphalt, Garage Door Opener, Yes, Garage Owned, Detached, Garage
Garage2 spaces
BasementPartially Finished,Partial
FencingFenced
Lot0.45 Acres
Location & Tax
Neighborhood60516
Annual tax$4,863
Parcel0918302003
Bathrooms & Fees
Full baths2
Features & details
11 categories of property features
Interior Features
Appliances
Humidifier
Gas Water Heater
Heating
Natural Gas
Cooling
Central Air
Laundry
Gas Dryer Hookup
Windows
Screens
Accessibility
No Disability Access
Exterior Features
Parking
Asphalt
Garage Door Opener
Yes
Garage Owned
Detached
Garage
Construction
Other
Community
Street Paved
Other Equipment
Sump Pump
Other Structures
Shed(s)
Room details
19 rooms detailed
Master Bedroom
Main10×13 ft130 sqft
Flooring (Carpet)Window Treatments (Blinds)
Bedroom2
Main11×11 ft121 sqft
Flooring (Carpet)Window Treatments (Blinds)
Bedroom3
Main10×11 ft110 sqft
Flooring (Carpet)Window Treatments (Blinds)
Bedroom4
Other
Other
Listing insights
Market data and value estimates
StatusFor Sale
Tax rate1.93%
Price/sqft$246
On marketApr 9, 2026
PostedApr 9, 2026
MLS statusNew
MLS updatedApr 9, 2026
Tour days9
Views361
Favorites29
How are the schools in Downers Grove?
3 schools rated nearby
Location
Downers Grove, IL, 60516
Price history
1 event
DateEventPrice$/sqftSource
Apr 9, 2026Listed For Sale$280,000$246MRED as distributed by MLS GRID
Listed For Sale$280,000
Apr 9, 2026•$246/sqft•MRED as distributed by MLS GRID
Tax history
25 years of records
YearTax paidAssessed value
Apr 9, 2024$4,864$108,497
Apr 9, 2023$4,583$99,740
Apr 9, 2022$4,504$94,430
Apr 9, 2021$4,424$93,360
Apr 9, 2020$4,339$91,510
Apr 9, 2019$4,179—
Apr 9, 2018$3,905$81,230
Apr 9, 2017$3,771$78,160
Apr 9, 2016$3,692$74,600
Apr 9, 2015$3,641$70,190
Apr 9, 2014$3,636$68,240
Apr 9, 2013$3,555$67,920
Apr 9, 2012$3,459$70,970
Apr 9, 2011$3,800$84,920
Apr 9, 2010$3,812$92,130
Apr 9, 2009$3,784$97,790
Apr 9, 2008$3,679$97,790
Apr 9, 2007$3,510$92,340
Apr 9, 2006$3,305$83,780
Apr 9, 2005$3,143$77,790
Apr 9, 2004$3,037$72,700
Apr 9, 2003$2,953$66,090
Apr 9, 2002$2,760$59,210
Apr 9, 2001$2,695$55,460
Apr 9, 2000$2,679$53,580
Nearby homes
Neighborhood details
Local context around this listing
Downers Grove, IL • DuPage County
Nearby neighborhoods
BelmontButterfield
Nearby cities
AddisonAuroraBartlettCarol StreamDowners GroveElmhurstGlen EllynLombard
Nearby zip codes
6051560516
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Based on information submitted to the MLS GRID as of 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. [Click here for more information](/mls-disclaimers/#17)
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