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$185,000 Sale Pending

  • For Sale
  • Pending
  • Condo
  • 2 Beds
  • 1 Full Bath
  • 1 Partial Bath
  • 1,060 Sq. Ft.
  • 1 Car Garage
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Cameo offers the best in 55+ active adult living in Downers Grove. This modified "Duchess" model has two bedrooms, one and a half baths and additional utility closets. The unit is located on the picturesque back side of the building where the views are serene and private. Convenient access to the walking bridge leads directly to the secure garage space. The full bathroom was updated just a couple years ago with a custom shower featuring a low threshold entry. This bathroom was also just professionally painted. Wide plank luxury vinyl flooring was professionally installed and gives a fresh and updated look throughout the kitchen and hallway areas. Both bedrooms were just professionally painted. A new hot water tank was installed on 10/09/25. This floorplan is uniquely larger than the typical Countess model at Cameo. This 55+ community for active adults has many amenities which include multiple gathering spaces, exercise room, library, well maintained laundry facilities and plenty of guest parking. Low property taxes are a plus, for both the condo and the deeded garage space. Very reasonable monthly HOA fees include exterior maintenance, lawn care, snow removal, common insurance, water and sewer and use of the building amenities. This friendly, well maintained and self managed condo community is the best carefree senior option to call home in Downers Grove!

Full Property Details for 5540 Walnut Ave #11B

General

  • Price: $185,000
  • HOA FEE: $266/month
  • Taxes: $2,329 (2024)
  • Status: Pending
  • Type: Condo
  • Source: MRED
  • MLS ID: 12467940
  • Updated: 2/4/2026
  • Added to Site: 165 day(s) ago

Interior

  • Basement: None
  • Interior Features: Elevator, Storage, Flexicore, Walk-In Closet(s)
  • Appliances: Range, Refrigerator, Electric Oven

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Bathroom Features: No Tub

Bedrooms

  • Total Bedrooms: 2

Additional Information

  • Shared Amenities: Coin Laundry, Elevator(s), Exercise Room, Storage, On-Site Manager/Engineer, Ceiling Fan
  • Equipment: Ceiling Fan(s), Water Heater-Electric
  • Other Features: Adult Community

Exterior

  • Exterior Features: Balcony

Parking

  • Garage: Yes
  • Garage Spaces: 1
  • Total Spaces: 2
  • Parking Features: Garage Door Opener, Yes, Garage Owned, Detached, Unassigned, Guest, Parking Lot, Other, Garage

Location

  • Area: Downers Grove
  • County: DuPage
  • Township: Lisle
  • Subdivision: Cameo West
  • Driving Directions: Maple Avenue at Walnut Avenue, go north on Walnut to the 5540 building

School Information

  • School District: 202
  • Elem School District: 202
  • Midd School District: 202
  • High School District: 202

Community

  • Assoc. Fees Include: Water, Parking, Insurance, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal
  • Mgmt. Company: Cameo Self Managed Board

Heating & Cooling

  • Cooling Type: Central Air Conditioning
  • Heating Type: Electric

Utilities

  • Sewer: Public Sewer
  • Water: Lake Michigan, Public

Structural Information

  • Structure Type: Condo
  • Model: Modified Duchess
  • Construction: Brick
  • Exterior Const.: Brick
  • Basement Desc.: None
  • Doors: Sliding Glass Door(s)
  • Entry Floor Number: 2
  • Stories/Levels: 3
  • Square Feet: 1,060
  • Sq. Ft. Source: Other
  • Year Built: 1967
  • Built Before 1978: Yes

Unit Information

  • Units in Building: 119

Manufactured Home

  • Model: Modified Duchess

Lot Features

  • Lot Dimensions: CONDO

Financial Considerations

  • Master Assoc. Fee: $300
  • Association Fee: $266
  • Assoc Fee Freq.: Monthly
  • Assoc Fee Desc.: 300
  • Transfer Fees: $300
  • Other Assoc Fees: $300
  • Parking Included: Yes
  • Assessment Year: 1967
  • Tax Amount: $2,329
  • Tax Year: 2024
  • Pays Sewer: Public Sewer

Disclosures and Reports

  • Ownership: Condo
  • Special Conditions: Court Approval Required, In Foreclosure
  • Property ID: 811412047
Buyer's Brokerage Compensation: Contact Listing Agent
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— 5540 Walnut Ave #11B —

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Price & Sales History for 5540 Walnut Ave #11B Get Price Alerts and Save Property

Date
Details
Price
Change
Source
12/17/2025
Price Reduced
$185,000
-5.61%
MLS
11/07/2025
Price Reduced
$196,000
-6.67%
MLS
10/14/2025
Listed
$210,000
57.89%
MLS
7/15/2004
Sold
$133,000
—
Public Record
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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 5540 Walnut Ave #11B

Year
Property Taxes
Change
Tax Assessment
Change
2024
$2,034
141%
$47,323
43%
2022
$845
—
$33,020
4%
2021
$845
3%
$31,770
2%
2020
$823
-3%
$31,200
5%
2019
$847
1%
$29,850
26%
2018
$840
17%
$23,630
10%
2017
$717
7%
$21,480
4%
2016
$670
8%
$20,710
6%
2015
$619
-1%
$19,500
—
2014
$626
-14%
$19,500
-7%
2013
$724
-33%
$21,020
-20%
2012
$1,086
—
$26,280
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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5540 Walnut Avenue #11B, Downers Grove, IL 60515 (MLS# 12467940) is a Condo property with 2 bedrooms, 1 full bathroom and 1 partial bathroom. 5540 Walnut Avenue #11B is currently listed for $185,000 and was received on September 09, 2025. This property is listed by Jill Petranek from our Naperville Office.Want to learn more about 5540 Walnut Avenue #11B? Do you have questions about finding other Condo real estate for sale in Downers Grove? You can browse all Downers Grove real estate or contact a Coldwell Banker agent to request more information.

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