ON MARKET – MULTI-FAMILY
403-410 Delles Road Wheaton, IL 60187
PRICE
$3,750,000
NUMBER OF UNITS
20
CAP RATE
5.97%
PROPERTY LISTED

Essex Realty Group, Inc. has been exclusively engaged to market for sale 403-410 Delles Road, a 20-unit townhome-style apartment property located in the highly desirable DuPage County suburb of Wheaton. Each of the (5) buildings consists of (4) 3Bd/1.5Ba units which feature spacious floor plans and unfinished basements.

The current ownership has spent a significant amount of capital maintaining and upgrading the property. A majority of the buildings have received new shingle roofs and upgraded vinyl windows in the last 5 years. Additionally, 13 of the 20 apartment units have received new HVAC systems and hot water tanks in the last 7 years.

403-410 Delles Road presents itself as a rare investment opportunity, as townhome-style rental apartments are in short supply in the western suburbs and command a large premium over conventional apartment units.

LOCATION DETAILS

The Property is just 1/2 miles, or an 8 minute walk, from downtown Wheaton and the Front Street Metra Station. Additionally, it is serviced by some of the highest performing public schools in the state including Emerson Elementary, Monroe Middle School, and Wheaton North High School.

HIGHLIGHTS
  • Five (4) Unit Townhome Style Apartment Buildings
  • Value-add Opportunity, Below Market Rents
  • All 3Bd/1.5Ba Units with Unfinished Basements
  • Several Recent Capital Improvements
  • Located .5 Miles from Metra Station
LISTING BROKERS
Brian Kochendorfer
Managing Director
773.305.4870
Troy Beebe
Director
773.305.4872