516 Spring Ave, Naperville, IL 60540
OFF MARKET

516 Spring Ave
Naperville, IL 60540

  • 4 Beds
  • 3 Baths

$625,800

Trulia Estimate
as of Jul 21, 2026
Est. Refi. Payment $4,268/mo*
Refinance Your Home

$625,800

Trulia Estimate
as of Jul 21, 2026
Est. Refi. Payment $4,268/mo*
Refinance Your Home
4 Beds
3 Baths

Local Information

  • Map ViewExplore the area around 516 Spring Ave.
  • Schools2 Elementary Schools1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Description

Has 2 Naperville Electric Department meters 516 Spring and 516A Spring, divided by floor. Was used as a rent-by-room for decades. Rent-by-room is no longer an accepted use at this address. NEEDS A KITCHEN TO BE INSTALLED ON SECOND FLOOR TO BE USED AS A 2-FLAT. Or use as single family. Value is in the land, needs extensive restoration/rehab. SOLD STRICTLY AS-IS. Industrial use across the street has now been rezoned to R-2, single family and low density multi-family. Great investment potential at this price, lowest tear-down price in the hottest downtown Naperville neighborhood. Has alley access in back.
516 Spring Ave, Naperville, IL 60540 is a 4 bedroom, 2 bathroom multi-family built in 1906. It last sold for $265,000 on Dec 15, 2023 (24% below the $350,000 asking price). More recently, it was listed as a rental in August 2024 with an asking price of $4,500 per month. That rental listing was removed on August 26, 2024. It is currently off market. The Trulia Estimate is $625,800, with a rent estimate of $2,624/month.

Home Highlights

Parking
Open Parking
Outdoor
No Info
A/C
Heating only
HOA
None
Price/Sqft
No Info
Listed
180+ days ago

Home Details for 516 Spring Ave

Active Status

MLS Status: Closed

Interior Features

Interior Details
Basement: Partially Finished,FullNumber of Rooms: 9
Beds & Baths
Number of Bedrooms: 4Number of Bathrooms: 2Number of Bathrooms (full): 3
Heating & Cooling
Heating: Natural Gas,Forced AirHas HeatingHeating Fuel: Natural Gas
View
No View

Exterior Features

Parking & Garage
No Attached GarageHas Open ParkingParking Spaces: 3Parking: Off Alley,Off Street,Driveway,Alley Access,On Site,Owned
Frontage
Not on Waterfront
Water & Sewer
Sewer: Public Sewer

Property Information

Year Built
Year Built: 1906
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Multi Family
Building
Construction Materials: Aluminum SidingNot a New Construction
Property Information
Parcel Number: 0713220003

Price & Status

Price
List Price: $350,000
Status Change & Dates
Off Market Date: Wed Oct 18 2023Possession Timing: Close Of Escrow

Location

Direction & Address
City: Naperville
School Information
Elementary School: Naper Elementary SchoolElementary School District: 203Jr High / Middle School: Washington Junior High SchoolJr High / Middle School District: 203High School: Naperville North High SchoolHigh School District: 203

Lot Information

Lot Area: 8700 sqft

Listing Info

Special Conditions: None

Offer

Listing Terms: Renovation Loan

Business

Business Information
Ownership: Fee Simple

Miscellaneous

BasementMls Number: 11902650

Additional Information

Source Internet Entire Listing DisplayMRD REMARKSINTERNET: YesSource Internet Address Display
Last check for updates: about 2 hours ago
Listed by Connie Highland, CSC,GRI,SFR, (630) 667-5334
Baird & Warner
Bought with: Lori Johanneson, @properties Christies International Real Estate
Source: MRED as distributed by MLS GRID, MLS#11902650

Price History for 516 Spring Ave

DatePriceEventSource
08/26/2024$3,995ListingRemovedMRED as distributed by MLS GRID #12100051
08/19/2024$4,200PriceChange
MRED as distributed by MLS GRID #12100051
08/05/2024$4,500Listed For RentMRED as distributed by MLS GRID #12100051
12/15/2023$265,000Sold
MRED as distributed by MLS GRID #11902650
10/18/2023$350,000ContingentMRED as distributed by MLS GRID #11902650
10/06/2023$350,000Listed For SaleMRED as distributed by MLS GRID #11902650

Market trends in Naperville

Last updated June 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$575K
$11.67KMoM
Sale-to-List Price
99.9%
0.1%MoM
Price per sq ft
$260
$6MoM
Available listings
484
34MoM
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Property Tax and Assessment

Year2024
Tax$9,546
Assessment$155,662
Home facts updated by county records

Comparable Sales for 516 Spring Ave

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
206-208 N Fremont St, Naperville, IL
0.19
Multi-Family Home
$685,000
08/15/25
4
2
-
305 N Fremont St, Naperville, IL
0.13
Multi-Family Home
$1,000,000
04/20/26
3
2.5
2,681
1056 Devonshire Ave, Naperville, IL
0.92
Multi-Family Home
$500,000
11/24/25
4
2.5
2,082
211 N Wright St, Naperville, IL
0.87
Multi-Family Home
$685,000
06/02/26
6
2
-
722 N Center St, Naperville, IL
0.68
Multi-Family Home
$630,000
01/29/26
4
3
-
1025 Oswego Rd, Naperville, IL
0.93
Multi-Family Home
$429,900
09/24/25
2
1.5
1,450
1000 Devonshire Ave, Naperville, IL
0.84
Multi-Family Home
$405,000
05/22/26
2
1.5
1,450
3 Westmoreland Ln, Naperville, IL
2.08
Multi-Family Home
$780,000
03/26/26
4
4.5
2,700
3S661 Breme Dr W, Warrenville, IL
2.62
Multi-Family Home
$602,000
07/29/25
2
2.5
2,219

Nearby homes

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Assigned Schools

These are the assigned schools for 516 Spring Ave.
View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

What Locals Say about Naperville

At least 1032 Trulia users voted on each feature.

  • 94 % Say it's dog friendly

  • 90 % Say there are sidewalks

  • 89 % Say car is needed

  • 82 % Say parking is easy

  • 79 % Say there's holiday spirit

  • 78 % Say people would walk alone at night

  • 78 % Say streets are well-lit

  • 78 % Say kids play outside

  • 77 % Say it's quiet

  • 73 % Say yards are well-kept

  • 60 % Say there's wildlife

  • 59 % Say they plan to stay for at least 5 years

  • 55 % Say it's walkable to restaurants

  • 55 % Say neighbors are friendly

  • 45 % Say it's walkable to grocery stores

  • 42 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Nikki
    "The amount of stores and shops but it’s expensive "
    0
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  • Rick.slavin
    "Great place. Amazing people, shops, dining, etc. very family friendly and great public schools. Wish everyone could live here. Amazing in every way."
    0
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  • AP
    "Lived here 10 years. Great proximity to train station, restaurants and retail. Great schools! Friendly neighborhoods. Safety and security is strong. Access to highways is good! "
    0
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  • Rick.slavin
    "It’s awesome. One of the best places I have ever lived. Naperville has the best schools, downtown area, shopping and restaurants. Family friendly and professional. Why live anywhere else?! "
    0
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  • Megan DeAngelis
    "Very dog and family friendly town with ample sidewalks, bike paths, incredibly dog friendly downtown area with shopping and restaurants, as well as parks. "
    0
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  • Debbylu24
    "Naperville offers excellent schooling, a safe environment, and convenient access to stores. It boasts beautiful parks and a diverse culinary scene with great restaurants and grocery stores. The community is incredibly friendly, making it a wonderful place to live. "
    0
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  • Debbylu24
    "Naperville offers excellent schooling, a safe environment, and convenient access to stores. It boasts beautiful parks and a diverse culinary scene with great restaurants and grocery stores. The community is incredibly friendly, making it a wonderful place to live. "
    0
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  • Megan DeAngelis
    "Nice area, clean landscaping, walking distance from grocery stores, gas stations, walking trails, and restaurants."
    0
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  • Astrid Romero
    "The dream Downtown, is magic, like an American movie. There are everything like excellents restaurants and bars, stores, entertainment, etc"
    1
    Flag
  • Emily Hallenbeck
    "Too far from the highway, and there is scarce work opportunity around naperville from my experience "
    0
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  • Shontel Johnson
    "Commute is ok. Live by major highway and right off busy street with great shopping area. No public transportation but close to train station. "
    0
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  • Ilara Bestel
    "I think dog owners would like here to have More sidewalks connecting places. Maybe they like the fact that here we have a lot of families and kids, it give us a sense of safety. "
    0
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  • Edgar.bolanos
    "Friendly neighbors and great schools nearby. Very close to the shopping areas and downtown. Bicycle tracks nearby."
    0
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  • Scott Robison
    "I moved to Naperville in 2019 from the Lakeview neighborhood in the city. I love this town! Huge variety of restaurants and bars. There is great shopping and all the public spaces are well maintained . I wish I had moved here sooner."
    2
    Flag
  • Ilara Bestel
    "Here at Benedetti drive in Naperville I know that has a lot of babies and little kids, but people barely go outside. I know because I see sometimes those families in the parking lot going out with their cars; but they don’t walk with their kids. "
    0
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  • Ilara Bestel
    "It’s a quite, safe and nice neighborhood. But nobody talks to each other. Neighbors are not so friendly. "
    0
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  • Bigcordo
    "Amazing schools with a outstanding reputation for special needs families. Naperville is safe, and has a wonderfully population. "
    0
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  • Kathleen Brennan
    "Great schools and park district also excellent library programs. Taxes high due to school district costs"
    0
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  • Aj.winter77
    "This area has Good schools, great nature possibilities. Wonderful parks. Great downtown area with lots to do. "
    1
    Flag
  • Kathleen Brennan
    "Plenty of neighbors walk dogs daily including on bike path with mutt bags for dog waste. The wolf crossing park has water fountain fitted for dogs to participate"
    0
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  • Kathleen Brennan
    " Commuter train runs express at rush hours and trip less than one hour. If you miss the express then trip about 90 minutes"
    0
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  • Carly
    "We drive everywhere, we’re close to route 59 and 88 so traveling is pretty easy. The train station isn’t too far either "
    0
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  • Amani.bakush
    "Diversity and good school district, quiet, all shopping centers near by. Everything the community needs from schools, college, university, hospitals are in this city and the best."
    1
    Flag
  • Lindsey.samawi
    "The perfect place to raise a family. It’s very family centered and many kid friendly activities held year round. "
    2
    Flag
  • Ahutchison116
    "Farmers Market, Annual Block Party, close walk to downtown Naperville and train to Chicago. Naperville River Walk and local parks are beautiful."
    0
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  • Ana S.
    "Very safe neighborhood, never had any problems, and we live to live here... we don’t know schools and don’t ha e pets "
    0
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  • Dana M. D.
    "Local dog park, dog friendly atmosphere, lots of trails, downtown Naperville is dog friendly. Lots of shops gave treats for dogs. "
    0
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  • Kori O.
    "Block parties , kids scheduled activities , friendly , safe , conveniently located close to shops and downtown. And schools. "
    1
    Flag
  • Mikayla M.
    "Quiet neighborhoods, people are nice and helpful. Naperville school system is one of the top twenty schools for learning. "
    0
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  • Jay2222
    "People enjoy walking their dogs and picking up behind them as they walk . Good neighborhood and nice neighbors . There are dog walkers available in the neighborhood "
    5
    Flag
  • Christine B.
    "Great access to downtown Chicago. 10 minutes from train. "
    2
    Flag
  • Charmayne S.
    "You have easy access to the metro train that runs into the city. Makes local stops along the way. You also have the local buses that travel into the city. We have lift, Uber and cabs. I would say we have a very good transit system "
    0
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  • Christine B.
    "Rib fest Last Fling Oktoberfest Naperville Settlement Art Fair Carillon concerts Triathlons Naperville Riverwalk Canoeing the river "
    5
    Flag
  • Justjen0676
    "There are many many dogs in the area and people are always out walking them. They usually are friendly and almost always pick up after their dogs. "
    0
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  • Venkat R.
    "Its a community of educated professionals. It’s diverse community, many are middle class immigrants to US."
    3
    Flag
  • Ariee31
    "Ribfest is usually really nice and has gained popularity over the years. There’s also a few firework displays for the fourth as well! "
    1
    Flag
  • Mrss66
    "Neighborhood is good with dog / owners, it seems that everyone has one so dogs are accepted and welcomed. "
    0
    Flag
  • P.B.
    "Great place, but realty taxes are exorbitant, and home values since the recession (of 2008) have not come back."
    0
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  • Catmandu513
    "My husband drives to one of the local commuter lots and commutes by train into the city. So much faster than driving! Tip: try to get an express train for the fastest trip to the city. "
    0
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  • Gretchen P.
    "Patio Crawls, Holiday Light Trolleys, Adult Halloween parties , winter pool parties, block party, so much fun"
    7
    Flag

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Apartments for Rent

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Homes for sale near 516 Spring Ave

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Off Market Homes Near 516 Spring Ave

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Based on information submitted to the MLS GRID as of 2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Click here for more information