5540 Walnut Ave sits in Downers Grove, near the intersection of 75th Street and Lemont Road. This mid-rise building features four stories and houses a total of 106 units. Construction wrapped up in 1967. The building is part of a 55+ adult community, offering a calm atmosphere. Residents enjoy scenic views from their large balconies.
Unit sizes range from 650 to 1,110 square feet. There are one and two-bedroom configurations available. Prices for units range from $205,000 to $210,000. The lowest sold price in the last year was about $169,000. The average price per square foot stands at $234, reflecting good value in the area.
This building has several amenities that support daily living. An elevator services all floors, ensuring easy access. Each floor includes coin-operated laundry facilities. Common areas encourage social interaction, promoting a community spirit. There’s also an exercise room and a library for leisure activities.
The location is convenient for shopping and dining. Popular nearby restaurants include Tess Down Home Bar-B-Que, Mojo's Good Eats, and Dan's Pizza. Just a short drive away, expressways like I-355 allow for quick travel. Belmont Metra station is nearby, providing easy access to public transport.
Security is a priority with an intercom system that enhances safety. The building also has a covered porch and designated service elevators. Landscaped grounds and a courtyard offer a relaxing environment for residents. Overall, this property combines comfortable living with a vibrant community atmosphere in a prime location.
5540 Walnut Ave sits in Downers Grove, near the intersection of 75th Street and Lemont Road. This mid-rise building features four stories and houses a total of 106 units. Construction wrapped up in 1967. The building is part of a 55+ adult community, offering a calm atmosphere. Residents enjoy scenic views from their large balconies.
Unit sizes range from 650 to 1,110 square feet. There are one and two-bedroom configurations available. Prices for units range from $205,000 to $210,000. The lowest sold price in the last year was about $169,000. The average price per square foot stands at $234, reflecting good value in the area.
This building has several amenities that support daily living. An elevator services all floors, ensuring easy access. Each floor includes coin-operated laundry facilities. Common areas encourage social interaction, promoting a community spirit. There’s also an exercise room and a library for leisure activities.
The location is convenient for shopping and dining. Popular nearby restaurants include Tess Down Home Bar-B-Que, Mojo's Good Eats, and Dan's Pizza. Just a short drive away, expressways like I-355 allow for quick travel. Belmont Metra station is nearby, providing easy access to public transport.
Security is a priority with an intercom system that enhances safety. The building also has a covered porch and designated service elevators. Landscaped grounds and a courtyard offer a relaxing environment for residents. Overall, this property combines comfortable living with a vibrant community atmosphere in a prime location.
Description
5540 Walnut Ave sits in Downers Grove, near the intersection of 75th Street and Lemont Road. This mid-rise building features four stories and houses a total of 106 units. Construction wrapped up in 1967. The building is part of a 55+ adult community, offering a calm atmosphere. Residents enjoy scenic views from their large balconies.
Unit sizes range from 650 to 1,110 square feet. There are one and two-bedroom configurations available. Prices for units range from $205,000 to $210,000. The lowest sold price in the last year was about $169,000. The average price per square foot stands at $234, reflecting good value in the area.
This building has several amenities that support daily living. An elevator services all floors, ensuring easy access. Each floor includes coin-operated laundry facilities. Common areas encourage social interaction, promoting a community spirit. There’s also an exercise room and a library for leisure activities.
The location is convenient for shopping and dining. Popular nearby restaurants include Tess Down Home Bar-B-Que, Mojo's Good Eats, and Dan's Pizza. Just a short drive away, expressways like I-355 allow for quick travel. Belmont Metra station is nearby, providing easy access to public transport.
Security is a priority with an intercom system that enhances safety. The building also has a covered porch and designated service elevators. Landscaped grounds and a courtyard offer a relaxing environment for residents. Overall, this property combines comfortable living with a vibrant community atmosphere in a prime location.
5540 Walnut Ave Key Stats Last 12 months
Avg. Listed Price$187,991($230/Sqft.)
Avg. Sale Price$185,955($226/Sqft.)
Year over year list price13.93%
Year over year sale price23.15%
Total Listings11 Listed
Total sold11 Sold
Average Days on Market81 days
Average HOA fees per sqft$5 /monthly
Key Stats
Year over year list price13.93%
Year over year sale price23.15%
Total Listings11 Listed
Total sold11 Sold
Average Days on Market81 days
Average HOA fees per sqft$5 /monthly
Glen Gardens Estate Availability & Demand
Unit Availability
High
High availability buildings list units frequently.
Unit Availability helps to understand how often units in a particular building are listed for sale as compared with the neighborhood average. Units are rarely listed in buildings with low availability.
Unit Demand
Medium
Units in high-demand buildings sell quicker.
Unit Demand is a measure of quickly units in a particular building sell as compared with other buildings in the neighborhood. Units in high-demand buildings sell more quickly.
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.
Amenities Description
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.
Parking
Locker
Concierge
Elevator(s)
Central AC
Pool
Fitness Center
Visitors Parking
Amenities
Elevator(s)
Exercise Room
Security
Security Door Lock(s)
Laundry
Coin Laundry
Patio
Receiving Room
Workshop Area
Party Room
Storage
Covered Porch
Service Elevator(s)
Wheelchair Accessible
Balcony
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 Allowed
BBQ Permitted
Sublet Allowed
Short-term Rental Allowed
Compare with Buildings in the Neighbourhood (Last 12 Months)
Compare building's average price/sq. ft. and HOA fees/sq. ft. to buildings nearby
This neighborhood indicates a good mix of people which makes it a good place for families. About 13.41% are children aged 0–14, 17.83% are young adults between 15–29, 18.06% are adults aged 30–44, 21.15% are in the 45–59 range and 29.56% are seniors aged 60 and above.
Commuting options are also varying where 71.13% of residents relying on driving, while others prefer public transit around 9.79%, walking around 0.35%, biking around 0%, allowing residents to choose travel modes that best fit their daily routines.
Most homes in the area are with 76.99% of units owner occupied and 23.01% are rented.
The neighborhood offers different household types. About 22.18% are single family homes and 3.85% are multi family units. Around 38.66% are single-person households, while 61.34% are multi person households. This mix works well for families, roommates, and individuals.
Education levels in the neighborhood vary widely where 33.4% of residents have bachelor’s degrees. Around 13.93% have high school or college education. Another 9.43% hold diplomas while 18.96% have completed postgraduate studies. The remaining are 24.28% with other types of qualifications.
Demographics Description
This neighborhood indicates a good mix of people which makes it a good place for families. About 13.41% are children aged 0–14, 17.83% are young adults between 15–29, 18.06% are adults aged 30–44, 21.15% are in the 45–59 range and 29.56% are seniors aged 60 and above.
Commuting options are also varying where 71.13% of residents relying on driving, while others prefer public transit around 9.79%, walking around 0.35%, biking around 0%, allowing residents to choose travel modes that best fit their daily routines.
Most homes in the area are with 76.99% of units owner occupied and 23.01% are rented.
The neighborhood offers different household types. About 22.18% are single family homes and 3.85% are multi family units. Around 38.66% are single-person households, while 61.34% are multi person households. This mix works well for families, roommates, and individuals.
Education levels in the neighborhood vary widely where 33.4% of residents have bachelor’s degrees. Around 13.93% have high school or college education. Another 9.43% hold diplomas while 18.96% have completed postgraduate studies. The remaining are 24.28% with other types of qualifications.
Age Demographics
13.41%(0 - 14 years old)
17.83%(15 - 29 years old)
18.06%(30 - 44 years old)
21.15%(45 - 59 years old)
29.56%(60+ years old)
Commute
9.79%
Transit
0.35%
Walk
71.13%
Drive
0%
Bike
Housing Ownership
76.99%
Owner Occupied
23.01%
Rental Units
Household Types
22.18%
Single Family
3.85%
Multi Family
38.66%
Single Person
61.34%
Multi Person
Education
Bachelors Degree33.4%
High School College13.93%
Diploma9.43%
Post Graduate18.96%
Others24.28%
Education
Diploma9.43%
Post Graduate18.96%
Others24.28%
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