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1407 E Roosevelt Rd
Wheaton, IL 60187
Multifamily Property For Sale
·
4 Units
PROPERTY FACTS
| No. Units | 4 | Building Size | 4,284 SF |
| Property Type | Multifamily | Average Occupancy | 50% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1970 |
| Building Class | C | Parking Ratio | 0.93/1,000 SF |
| Lot Size | 0.20 AC | ||
| Zoning | Commercial | ||
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 4,284 SF |
| Average Occupancy | 50% |
| No. Stories | 2 |
| Year Built | 1970 |
| Parking Ratio | 0.93/1,000 SF |
| Zoning | Commercial |
AMENITIES
UNIT AMENITIES
- Balcony
- Tile Floors
- Refrigerator
SITE AMENITIES
- Laundry Facilities
- Public Transportation
ABOUT 1407 E ROOSEVELT RD , WHEATON, IL 60187
This is a great investment property in a wonderful area. Potential for an 8% cap rate. Never worry about occupancy just put a sign on Roosevelt Rd. and have a tenant immediately. This is a 4 unit building with over sized units. 1 unit is a 1 bedroom, 1 bath. The other 3 units are 2 bedrooms, 1 bath and all but one unit could use some updating because the kitchens and baths are original to the building. Two leases just ended so the owner has decided to leave them vacant incase the new owner would like to live on site. One of the vacant units has a newly renovated kitchen and bath. Conveniently located to all shopping, downtown Wheaton, Metra commuter train, bus stop in front and Wheaton College. Great maintenance free all brick building. Updated windows and doors through-out. Newer roof and boiler system. All units gas cooking and features balconies for two top Apartments. All units are separate electric meters. There is common paid laundry. Tenant pays electric only. The parking lot is gravel. Building is in good condition but being sold AS-IS
PROPERTY TAXES
| Parcel Number | 05-15-326-021 | Improvements Assessment | $162,895 |
| Land Assessment | $27,931 | Total Assessment | $190,826 |
PROPERTY TAXES
