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    7123 Dunham Rd Downers Grove, IL 60516

    For Sale
    $329,000

    Land - Downers Grove, IL

    Days on Market:
    202
    Last Refresh:
    Dec 14 at 2:06 am

    Property Features for 7123 Dunham Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    0929116017

    Building Details

    Architectural style
    Other

    Real Broker LLC (630) 439-6385 [email protected]

    Listing agent Kate Newey (217) 960-8605 License #475192719

    Listing date May 27, 2025

    MLS# 12371947 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Downers Grove Land Opportunity

    Located in Downers Grove, Illinois, this construction-ready lot presents an opportunity to build a custom home. The property is situated within the Downers Grove South High School district. City approval is in place for a 3,450 sq ft home above grade, along with a 500 sq ft driveway, a 500 sq ft patio, and an additional 550 sq ft contingency. Infrastructure is complete, featuring professionally engineered stormwater management with runoff connected to a newly developed detention pond within the subdivision. Utilities are ready for immediate use. The surrounding community is known for its schools, family-friendly environment, and accessibility to shopping, dining, and Metra transit.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Downers Grove
    County
    DuPage
    State
    Illinois
    Longitude
    -88.0124589
    Latitude
    41.757225

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    FAQs

    What type of property is this?
    Land - Construction-ready lot in Downers Grove, build your dream home!
    Where is this land located?
    The property is located at 7123 Dunham Rd Downers Grove, IL.
    What is the asking price?
    The asking price for this property is $329,000.
    What are key features of this property?
    This property features: - Prime location in the Western Suburbs of Chicago, specifically Downers Grove.; - Located in the highly desirable Downers Grove South High School district.; - Construction-ready lot with city approval for a 3,450 sq ft home.
    (217) 960-8605
    Request Owner's contact information
    7123 Dunham Rd Downers Grove, IL 60516
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    Downers Grove, IL 60516
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    7123 Dunham Rd Downers Grove, IL 60516
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