HeaderIcon
  1. Agent Logo

Explore by Metro

  • Atlanta
  • Baltimore
  • Boston
  • Bronx
  • Brooklyn
  • Chicago
  • Los Angeles
  • Manhattan
  • Miami
  • Nashville
  • Orlando
  • Philadelphia
  • Phoenix
  • Queens
  • San Diego
  • San Jose
  • Tampa
  • Washington
HeaderIcon

Explore by Metro

  • Atlanta
  • Baltimore
  • Boston
  • Bronx
  • Brooklyn
  • Chicago
  • Los Angeles
  • Manhattan
  • Miami
  • Nashville
  • Orlando
  • Philadelphia
  • Phoenix
  • Queens
  • San Diego
  • San Jose
  • Tampa
  • Washington
leftArrowBack to Search
OverviewAmenities & PoliciesMarket ReportNeighborhood
Add to favoritesAdd to favorites (hover)
Save

  1. Home
  2. /Downers Grove, IL
  3. /
    5540 Walnut Ave

5540 Walnut Ave

5540 Walnut Ave, Downers Grove, IL, 60515

CameoCommunity
0 Units for Sale

Front view of a multi-story building with balconies and large windows.View Listing
MLS ID #12277805
Front view of a multi-story building with balconies and large windows.View ListingMLS ID #12277805
Front view of a multi-story apartment building with balconies.View ListingMLS ID #12348187
Front view of a multi-story brick building with balconies and a footbridge.View ListingMLS ID #12348187
Indoor gym area with exercise equipment and large windows.View ListingMLS ID #12348187
YearBuilt

Year Built

1967

Stories

# Stories

4

#TotalUnits

# Total Units

103
UnitSizeRange

Unit Size Range

650-1,110 sqft

UnitDemand

Unit Demand

Stories

Low

UnitAvailability

Unit Availability

Stories

Low


About 5540 Walnut Ave

5540 Walnut Ave is a four-story condominium building, constructed in 1967, offering a variety of residential options with 1 and 2-bedroom units. The property features essential amenities designed for convenience and comfort, including an exercise room, service elevators, and a dedicated laundry facility. Residents can enjoy a spacious party room for gatherings and a workshop area for creative pursuits, as well as a covered porch and patio for relaxation outdoors. The building is wheelchair accessible, ensuring a welcoming environment for all. Intercom systems enhance communication within the building, adding to the overall functionality. Unit prices range from $185,000 to $203,000, making it an attractive option for potential homeowners or investors seeking reasonable housing options. Situated in a quiet area, 5540 Walnut Ave is in proximity to various community facilities and green spaces, enhancing the living experience for residents. The property’s design and available amenities cater to a modern lifestyle, ideal for those seeking both comfort and accessibility.

Front view of a multi-story building with balconies and large windows.View Listing
MLS ID #12277805
Front view of a multi-story building with balconies and large windows.View ListingMLS ID #12277805
Front view of a multi-story apartment building with balconies.View ListingMLS ID #12348187
Front view of a multi-story brick building with balconies and a footbridge.View ListingMLS ID #12348187
Indoor gym area with exercise equipment and large windows.View ListingMLS ID #12348187

Amenities

Imagine coming home to a building that has a vibrant mix of amenities designed with your lifestyle in mind. From an exercise room to help you stay fit, to a party room perfect for hosting friends, 5540 Walnut Ave has it all. Need a quiet space? The workshop area and covered porch beckon for both creativity and relaxation. Don’t worry about lugging laundry around; there’s a convenient laundry facility right in the building. With an intercom system and service elevators, getting around couldn't be easier.

ParkingParking
LockerLocker
ConciergeConcierge
ElevatorElevatorCheck Icon
Central ACCentral AC
PoolPool
Fitness CenterFitness CenterCheck Icon
Visitors ParkingVisitors Parking

Building Policies

One of the best parts about starting your journey at 5540 Walnut Ave is that the building policies are quite friendly. There are no strict rules, making it a great choice for first-time homeowners eager to enjoy their new space without a lot of red tape.

Pet AllowedPets Allowed
Short-term Rental AllowedShort-term Rental Allowed
BBQ PermittedBBQ Permitted
Sublet AllowedSublet Allowed

Loading...

5540 Walnut Ave Market Report (last 12 months)

Avg. List Price
$194,750 ($232/Sqft.)
Year-Over-Year List Price
Up Arrow 43.20%
Total Listings
Listings8
Avg. Days On Market
Calendar56
Avg. Sale Price
$191,286 ($230/Sqft.)
Year-Over-Year Sale Price
Up Arrow 40.65%
Total Sold
Sold7
Avg. HOA Fees/Sqft
$4 /monthly

5540 Walnut Ave Sales History

UnitSize (sqft)BedsBathsDays On MarketDateStatusPrice
Unit 23C23C106022932025-08-22
MLS#: 12370017
Closed$210,000
Unit 9A9A90021332025-07-23
MLS#: 12392288
Closed$196,000
Unit 26C26C80021362025-06-20
MLS#: 12365930
Closed$203,000
Unit 23C
23C

2 Beds

2 Baths

1060 sqft

Days On Market93

DateStatusPrice
2025-08-22Closed$210,000
MLS#: 12370017
Unit 26C
26C

2 Beds

1 Baths

800 sqft

Days On Market36

DateStatusPrice
2025-06-20Closed$203,000
MLS#: 12365930
Unit 9A
9A

2 Beds

1 Baths

900 sqft

Days On Market33

DateStatusPrice
2025-07-23Closed$196,000
MLS#: 12392288
View Complete Unit Listing HistorySource By: MRED

The Neighborhood :

Get the HelloCondo Newsletter
Real-estate tips, insights, and market reports in your inbox.
Newsletter

Living in 5540 Walnut Ave

Condo Living at 5540 Walnut Ave, located at 5540 WALNUT AVE, DOWNERS GROVE, IL:

If you’re a first-time buyer considering the condominium lifestyle, 5540 Walnut Ave offers a cozy and welcoming environment in the heart of Downers Grove, Illinois. Built in 1967, this four-story building houses 100 units that are perfectly suited for young buyers looking for comfort and convenience. With a surprisingly low demand for units, now might be a great time to explore your options and get into a community that feels just right for you.

Building Features and Unit Availability:

At 5540 Walnut Ave, you'll find a mix of units ranging from 650 to 1110 square feet, catering to those who enjoy having their space while still being part of a community. The availability is currently low, which adds to the sense of exclusivity and urgency for interested buyers. Whether you're thinking of a cozy one-bedroom or a more spacious option, there's something to fit diverse lifestyles here.

Life at 5540 Walnut Ave:

Living at 5540 Walnut Ave promises not just a home but a lifestyle filled with convenience and community. The building's layout allows for social interactions yet retains privacy, making it perfect for young professionals or first-time buyers wanting that delightful mix of both. Plus, with amenities that support a variety of interests, you’ll likely find yourself mingling with neighbors in no time.

  1. Home
  2. /Downers Grove, IL
  3. /
    5540 Walnut Ave
Nearby Cities
Aurora
Beecher
Bellwood
Bolingbrook
Cortland
Dekalb
Kirkland
Lincolnshire
Malta
Maywood
Montgomery
Park Forest
Park Ridge
Plano
Richmond
Roselle
Somonauk
Spring Grove
West Chicago
Willowbrook
Buildings
100 E Fountainview Ln
34 N Parkside Ave
369 Farnsworth Ct
40 S Main St
407 Ramblewood Dr
440 Raintree Ct
448 Raintree Ct
448 Raintree Dr
450 Raintree Ct
451 Raintree Ct
453 Raintree Dr
Raintree Condos
Riviera
Woodglen Condos
Neighborhoods
Albany ParkAustinBridgeport
BurnsideCalumet HeightsCathedralChicago LawnChicago Midway International AirportCity CenterClearingDundeeKenwoodNew LenoxReedswoodRidgewoodRiver NorthSouth ChicagoSouth EndSoutheastUkrainian Village
ZIP Codes
600136003460047
6012360174601966030460305604116043960440604776049160517605326060260641606596066060804
Community
Abbeywood CondosAdare Farm TownhomesArbor Park Condos
Arboretum EstatesArboretum GlenArboretum Park CondosAscot Glen at WillowbrookAshbrook PlaceAshbury Woods CondosAshton Grove CondosAstoria Place TownhomesBailey ParkBaileywoodBaker Hill CondosBarclay Court CondosBarclay ManorBeaconridgeBeardsleysBelmont Country ClubBennington
HelloCondo Logo
LocationIcon
HelloCondo Is The #1 Condo Search Platform And Real Estate Recommendation Engine. Search, Find And Buy The Perfect Condo And Get Matched With The Best Agents. Finding A Condo Has Never Been So Easy.

HelloCondo is a division of HelloCasa, LLC

facebook iconInstagramIconXIconRedditIcon
HelloCondo
Find A RealtorTerms of UsePrivacy PolicyCalifornia Privacy NoticeAccessibility PolicyCCPA Notice on CollectionDMCABrowseNYS Standard Operating ProcedureNYS Fair Housing Notice
Contact
LocationIcon
300 Galleria Pkwy SE, Suite 1500,
Atlanta, GA 30339
PhoneICon
(855) 625-0319
EmailIConhello@hellocondo.com
Contact Us
For Sale
Condos for saleTownhomes for sale
AgentIcon
LocationIcon

Berkshire Hathaway Starck Real Estate

Paul Ambrogio

Serving Chicago and all of Northern IL

13300 IL RT 47

Huntley, Illinois 60142

PhoneICon
847-668-3774
EmailIConpaul@illinoispropertysearch.com

© HelloCondo 2025. All Rights Reserved.