Back 516 Eldon Place
Off Market

516 Eldon Place

Downers Grove IL 60516

3
2
2
2230 sq. ft.
Single-Family
Last sold for $605,000
Keith KreisKeith Kreis, last sold this property on 22 September 2026 after 54 days on market.

Overview

THE PHOTOS ARE NOT VIRTUALLY STAGED- 516 Eldon Place truly looks this beautiful in person. Not your typical ranch, this classic brick home combines beautifully updated interiors, convenient main-level living, approximately 2,230 finished square feet, and approximately 3,100 total square feet across both levels. Set on a generous 75-by-150-foot, east-facing corner lot, the home has been thoughtfully transformed while preserving the solid construction and comfortable room sizes buyers appreciate. The freshly painted main level features beautifully refinished hardwood floors and an inviting living room anchored by a gas fireplace and an impressive wall of windows. The updated kitchen stands out with quartz countertops, two-tone cabinetry, stainless-steel appliances, a smart range and dishwasher, excellent storage, and an easy connection to the dining and living areas. All three bedrooms and two completely remodeled full bathrooms are conveniently located on the main level. A separate family room provides additional flexibility for relaxing, entertaining, or working from home. The full lower level dramatically expands the possibilities with a spacious recreation area, a second fireplace, a wet bar, a dedicated laundry room, a workshop, and abundant storage. There is room to create a media area, home gym, office, game room, or additional gathering space. Outside, enjoy a fully fenced yard, patio, and mature landscaping on an oversized corner lot. Additional features include an attached 2.5-car garage with a Tesla charger and a discreetly installed radon-mitigation system. Located in the Fairmount Elementary, O'Neill Middle, and Downers Grove South High School attendance areas, with convenient access to parks, schools, and the YMCA. Move-in ready and available for a QUICK closing-SEE THIS ONE FIRST!

Features

3 bedrooms
2 bathrooms
2 carspaces
2 garage spaces
2230 sq. ft. floor area
Single-Family

Estimated Value

Based on this property and similar 3 bedroom single-family properties sold in Downers Grove over the last 12 months, the estimated median property value of 516 Eldon Place is $500k.

Median value
$500k
Estimated value range
$170k - $1.1m
Median days on market
7
Estimated value trend
8%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Downers Grove. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 516 Eldon Place

2026
Sold
$605,000
22 Sep 2026 by Keith Kreis, of Charles Rutenberg Realty of IL
2023
Sold
$420,000
11 Aug 2023 by Norine Torres, of REMAX Premier | Burr Ridge

Happy sellers in Downers Grove

100%
100% of sellers in Downers Grove reported that their sale price either exceeded or met their price expectations.

Downers Grove stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 4 reviews in Downers Grove over the last 12 months.

Local market activity for 3 bedroom single-family properties in Downers Grove

In the last 12 months, 112 three-bedroom single-family properties similar to 516 Eldon Place, have been sold.

This represents a 10% increase in three-bedroom single-family properties sales when compared to the previous 12 months.

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