Essex Realty Group, Inc has been exclusively engaged to market for sale 1117 E. Roosevelt Road in highly desirable Wheaton, IL. 1117 E. Roosevelt Road is a 23-unit apartment building with 32 surface parking spaces. The unit mix consists of (17) 1Bd/1Ba and (6) 2Bd/1Ba units.
The building features flexicore construction and was significantly rehabbed in 2021. The extensive project included full-unit renovations, in-unit electric, copper plumbing, and several mechanical and exterior updates.
The Property is conveniently located just outside downtown Wheaton and one mile from Wheaton College and the College Ave. Metra Station. The location provides significant demand for rental units. The close proximity of the Metra affords tenants easy access to neighboring DuPage County suburbs and Downtown Chicago. Additionally, nearby I-355 and I-88 provide easy access to the greater Chicagoland area.
1117 E. Roosevelt offers a new owner the opportunity to acquire a high-quality asset in coveted DuPage County. The vast majority of capex work has been completed, providing exceptional value and minimal work for a new owner.
Wheaton is located just 25 miles west of Chicago and is the county seat of DuPage County, IL. Money Magazine has ranked Wheaton as the best place to live in Illinois (2018) and the National Council for Home Safety and Security ranked Wheaton as the sixth safest place to live in the U.S (2017). Wheaton is known for its abundant parks, high-quality education, safety, and small-town charm. The renown Wheaton College is located just under one mile from the Subject Property.
Serviced by numerous expressways and commuter rail stations, residents of Wheaton have direct and convenient access to Chicago as well as nearby villages of Naperville, Aurora, Downers Grove, and Oak Brook. With Wheaton’s central location within DuPage County, residents can easily take advantage of the county’s expanding economy and employment opportunities.
- Rarely Available 23 Units in Desirable Wheaton
- Fully Rehabbed in 2021 – New Boiler, Hot Water Tank, & Significant Plumbing and Electric Replacement
- Flexicore Construction
- In-Place Rental Upside and Potential for Storage and Parking Income
- Prime Location Less Than One Mile to College Ave. Metra Station and Wheaton College