5504 Lyman Avenue
Downers Grove, IL 60516
- 3 beds
- 2 baths
- 1,536 sqft
- 9,148 sqft lot
- $244 per sqft
- 1958 build
- – on site
This split-level home with a sub-basement is ideally situated between Patriots Park with Barth Pond and Memorial Park, offering a lifestyle that's walkable, connected, and full of potential. Just blocks from downtown Downers Grove and the train, this location puts shopping, dining, and commuting options all within easy reach. Inside, the home features three bedrooms and two full baths, with plenty of flexibility to live in comfortably now while planning updates over time. Hardwood flooring is under the foyer and living room floors as well as in all three bedrooms. A standout feature is the walk-up unfinished attic space, already equipped with a water source-offering an incredible opportunity to create a spacious new primary suite or bonus room and significantly increase your livable square footage. The vintage kitchen brings a touch of personality with its classic range, newer lower level walk-in shower, and both the front and rear porches have been updated with durable composite decking. The large yard, two +-car detached garage (manual garage door), and unfinished sub-basement offer even more value with ample storage and outdoor space to enjoy. This is an estate sale, and the property will be conveyed AS-IS. While it's clean and livable, most buyers will likely see this as a chance to update and make it their own. With a newer furnace and solid layout, the bones are here, what you do next is up to you. If you've been searching for a home with potential in an unbeatable Downers Grove location, this is it. Recent improvements (dates not guaranteed) Fridge (2024), Furnace (2021), Humidifier (2023), Hot Water Heater (2017), Toilets (2023). Approximately 1400 square feet excluding basement and unfinished attic space.
Last checked:
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Last updated Apr 26, 2025
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MLS# 12344055 —
The Building
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Year Built:1958
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Rebuilt:No
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New Construction:false
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Construction Materials:Aluminum Siding
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Roof:Asphalt
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Basement:Unfinished, Partial
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Foundation Details:Concrete Perimeter
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Disability Access:No
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Living Area Source:Estimated
Interior
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Room Type:Foyer
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Rooms Total:6
Room Dimensions
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Living Area:1536
Location
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Directions:55th Street east of Main Street to Lyman, south to home
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Location:21823
The Property
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Parcel Number:0917104017
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Property Type:Residential
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Location:A
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Lot Size Dimensions:50X183
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Lot Size Acres:0.21
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Waterfront:false
Listing Agent
- Contact info:
- Agent phone:
- (630) 698-3288
- Office phone:
- (630) 435-3500
Taxes
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Tax Year:2023
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Tax Annual Amount:5000.94
Beds
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Bedrooms Total:3
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Bedrooms Possible:3
Baths
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Baths:2
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Full Baths:2
The Listing
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Special Listing Conditions:None
Heating & Cooling
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Heating:Natural Gas, Forced Air
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Cooling:Wall Unit(s)
Utilities
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Sewer:Public Sewer, Storm Sewer
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Electric:Circuit Breakers
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Water Source:Lake Michigan
Appliances
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Appliances:Range, Refrigerator
Schools
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Elementary School:Fairmount Elementary School
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Elementary School District:58
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Middle Or Junior School:O Neill Middle School
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Middle Or Junior School District:58
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High School:South High School
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High School District:99
The Community
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Community Features:Park, Sidewalks, Street Lights, Street Paved
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Association Fee Includes:None
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Association Fee Frequency:Not Applicable
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Master Assoc Fee Frequency:Not Required
Parking
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Parking Total:2
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Parking Features:On Site, Garage Owned, Detached, Garage
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Garage Spaces:2
Monthly cost estimate

Asking price
$375,000
Expense | Monthly cost |
---|---|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$2,008
|
Taxes | $416 |
Insurance | $103 |
Utilities | $157 See report |
Total | $2,684/mo.* |
*This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
4/26/25
Apr 26, 2025
|
Listed / Active | MRED | $375,000 |

33% of nearby similar homes sold for over asking price
Similar homes that sold in bidding wars went $21k above asking price on average, but some went as high as $72k over asking price.