Essex Realty Group, Inc. is proud to announce the sale of 1715-1721 Roosevelt, a 12-unit townhome-style apartment property located in the highly desirable DuPage County suburb of Wheaton. Each of the (3) buildings consists of (4) 3Bd/1.5Ba units which feature spacious floor plans and unfinished basements.
At present, each unit has an individual PIN; however, there is no association in place. 1721 #3 was owned separately and was not included in the offering but was purchased by the buyer in a separate transaction.
Previous ownership of 11 of the units spent significant capital updating four of the eleven units with new kitchens and baths, flooring, trim, and paint throughout. Additionally, in the last five years, the roof, all furnaces, and all condensers have been replaced.
1715-1721 Roosevelt presented a new owner the unique opportunity to acquire a townhome-style apartment complex in coveted DuPage County, where larger units are in short supply and command a premium over conventional apartments. Furthermore, an investor could experience greater returns by updating the balance of the units and increasing rents to market across the entire complex.
- 10+ Property Tours
- Several Offers
- $132,500 Price Per Unit
- Significant Rental Upside
- All 3Bd/1.5Ba Units