CLOSED – MULTI-FAMILY
1307 College Avenue Wheaton, IL 60187
PRICE
Call for details
NUMBER OF UNITS
24
PROPERTY LISTED

Essex Realty Group, Inc is pleased to announce the sale of Wheaton Crossing Apartments in highly desirable Wheaton, IL. Located at 1307 College Ave., Wheaton Crossing is a 24-unit apartment building with 29 surface parking spaces. The unit mix consists entirely of 750SF, 2Bd/1Ba units.

The College Avenue Metra Station, Wheaton College, and downtown Wheaton are all conveniently located within steps of Wheaton Crossing Apartments. Plus, the property was significantly renovated in 2018 offering the new owner a high-quality asset in an excellent location.

Within a 10-day timeframe, Essex led an extensive marketing campaign resulting in five offers. The property sold within 98% of list price to a local investor.

LOCATION DETAILS

Essex Realty Group, Inc has been exclusively engaged to market for sale Wheaton Crossing Apartments in highly desirable Wheaton, IL. Located at 1307 College Ave., Wheaton Crossing is a 24-unit apartment building with 29 surface parking spaces. The unit mix consists entirely of 750SF, 2Bd/1Ba units.

Wheaton Crossing features flexicore construction and was significantly rehabbed in 2018. The extensive project included full unit renovations, in-unit electric, copper plumbing and several exterior updates. More recently, a new Peerless boiler was installed November 2020.

The Property is conveniently located steps from the College Ave. Metra Station, Wheaton College, and downtown Wheaton. All providing significant demand for rental units in this area. 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.

Wheaton Crossing 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.

HIGHLIGHTS
  • Fully Rehabbed in 2018
  • 24 Units: All 2Bd/1Ba, 750 SF
  • 9.3x Current Annual Income
  • Steps to College Ave Metra Station & Wheaton College
  • Flexicore Construction
LISTING BROKERS
Brian Karmowski
Managing Director
773.305.4892
Jim Darrow
Principal
773.305.4920