5540 Walnut Ave

About 5540 Walnut Ave

5540 Walnut Ave sits at 5540 WALNUT AVE, Downers Grove, IL near Walnut Avenue and 55th Street. The property is a 4-story mid-rise Condo with 104 units. The complex serves adults 55 and up. The site fronts a tree-lined block and the entrance faces the main street. Units have 1 and 2 bedrooms and range from 650 to 1,110 sq ft. Large balconies come with many homes. Current asking prices sit between $205,000 and $210,000. Recent sales ranged down to $169,000 with an average closed price of $193,000 and $230 per sq ft. Typical market time is 59 days. The building was constructed in 1967. Common amenities include an intercom, laundry room, patio, receiving room and a workshop area. The property has secure elevators and a service elevator. The layout supports wheelchair access. On-site social spaces include an exercise room (gym), a library, a puzzle room and several sitting areas. Residents also find a party room and a covered porch for gatherings. Assigned and garage parking serve most units. A no-rental policy governs occupancy. Maintenance and staff manage deliveries and shared spaces to keep operations steady for occupants. Salt Creek lies nearby and runs close to the neighborhood. Local roads provide direct access to shopping and transit corridors. Dining options within a short walk include Tess Down Home Bar-B-Que, Mojo's Good Eats and Dan's Pizza. The overall package fits buyers looking for an established mid-century condo community.