ON MARKET – MULTI-FAMILY
1715-1721 Roosevelt Road Wheaton, IL 60187
PRICE
$1,600,000
NUMBER OF UNITS
11
CAP RATE
5.88%
PROPERTY LISTED

Essex Realty Group, Inc. has been exclusively engaged to market for sale 1715-1721 Roosevelt, an 11-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 is currently owned separately and not included in this offering.

Current ownership of the 11 units has spent significant capital updating four of the eleven units with new kitchens and baths, flooring, trim and paint throughout (see enclosed photos). Additionally, in the last five years, the roof, all furnaces, and all condensers have been replaced.

1715-1721 Roosevelt presents 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 may experience greater returns by updating the balance of the units and increasing rents to market across the entire complex.

LOCATION DETAILS

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HIGHLIGHTS
  • Eleven (11) Townhome-Style Apartments
  • All 3Bd/1.5Ba Units with Unfinished Basements
  • DuPage County Value-Add Opportunity
  • Several Recent Capital Improvements
  • All Utilities Paid by Tenant, Including Water
LISTING BROKER
Brian Karmowski
Director
773.305.4892