Multifamily Housing - For Sale
1314 East Roosevelt Road Wheaton, IL 60187
Details & Description
Price: $625,000
  • Property Type Multifamily for Sale
  • Lot Size Acres 0.000
  • Building Sq Ft 6,000
  • Building Price per Sq Ft $104.17
  • Land Price per Sq Ft $104.17
Essex Realty Group, Inc. has been exclusively engaged to market for sale 1314 E. Roosevelt Road, a six unit apartment building in the highly desirable DuPage County suburb of Wheaton. The Property is comprised of one (1) 1Bd/1Ba unit and five (5) 2Bd/1Ba units.At present, one 2Bd/1Ba unit has been recently updated with new floors, cabinetry, and appliances. The remaining units are in original condition with minor updates as needed. A future investor could continue to update the remaining apartments and increase rents to market, about $125-$200 higher than current rents. Ownership has completed several other updates to the Property, including new aluminum coating to the roof, several new windows, and a newer water heater (2018).The Property is conveniently located off of Roosevelt Road providing tenants easy access to downtown Wheaton and nearby retail and restaurants. In addition, the Property is a short drive to I-355, making it easy for tenants to commute to the surrounding suburbs.
Listing Agents
Anthony Citriglia

O: 773-305-4844
anthony@essexrealtygroup.com
Brian Karmowski

O: 773-305-4892
briankarmowski@essexrealtygroup.com
While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

1314 East Roosevelt Road

Wheaton, IL 60187

Listing ID: 236246
$625,000
For Sale
  • Property Type Multifamily for Sale
  • Lot Size Acres 0.000
  • Building Sq Ft 6,000
  • Building Price per Sq Ft $104.17
  • Land Price per Sq Ft $104.17
1314 East Roosevelt Road Wheaton, IL 60187 | for Sale | Photo 1
Description

Essex Realty Group, Inc. has been exclusively engaged to market for sale 1314 E. Roosevelt Road, a six unit apartment building in the highly desirable DuPage County suburb of Wheaton. The Property is comprised of one (1) 1Bd/1Ba unit and five (5) 2Bd/1Ba units.

At present, one 2Bd/1Ba unit has been recently updated with new floors, cabinetry, and appliances. The remaining units are in original condition with minor updates as needed. A future investor could continue to update the remaining apartments and increase rents to market, about $125-$200 higher than current rents. Ownership has completed several other updates to the Property, including new aluminum coating to the roof, several new windows, and a newer water heater (2018).

The Property is conveniently located off of Roosevelt Road providing tenants easy access to downtown Wheaton and nearby retail and restaurants. In addition, the Property is a short drive to I-355, making it easy for tenants to commute to the surrounding suburbs.

Points of Interest & Demographic Radii
Points of Interest
Demographic Radii
POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
 
Naperville History of Multifamily Housing for Sale

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Wheaton Area Market Trends

Listing Demographics for 1314 East Roosevelt Road Wheaton, IL 60187

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

1-Mile 3-Miles 5-Miles
Total Population18,584108,722237,793
Population Median Age353839
Population by Age0-9 Yrs2817 (15%)14987 (13%)30171 (12%)
10-19 Yrs2931 (15%)15052 (13%)30886 (12%)
20-29 Yrs2831 (15%)13537 (12%)31173 (13%)
30-39 Yrs2361 (12%)13024 (11%)31243 (13%)
40-49 Yrs2077 (11%)12994 (11%)27633 (11%)
50-59 Yrs2168 (11%)14798 (13%)33437 (14%)
60-69 Yrs2053 (11%)13269 (12%)28607 (12%)
70+ Yrs1347 (7%)11061 (10%)24643 (10%)
Median HH Income$96,424$99,462$90,678
Total Household Income< 24K592 (9%)4268 (10%)9354 (10%)
25-49K738 (11%)5650 (14%)14203 (15%)
50-74K1146 (18%)5658 (14%)13850 (15%)
75-99K735 (11%)4493 (11%)11591 (12%)
100-199K2133 (34%)12222 (30%)27824 (31%)
200K+868 (13%)7654 (19%)12532 (14%)
Highest Education LevelNo Diploma640343810187
Diploma or GED1270853426515
Some College17151147528377
Assoc. Degree784466911291
Bachelors Degree41242565951968
Higher Degree27451813033391
Total Housing Units6,58842,08994,239
--Owner-Occupied4,49928,44863,056
--Renter-Occupied1,71211,49726,298
Owner-Occupied Values< 100K617302847
100-199K50331609906
200-299K1498576418222
300-399K1222641113252
400-499K58942717254
500K+627811211575
Total Working Age Population14,49185,254189,598
In Work Force9,70756,861129,885
Not In Work Force4,78428,39459,713
Workforce Employed9,36054,622124,659
Workforce Unemployed3472,2035,161
Civlian Workforce9,70756,824129,820
Military Workforce03665
Total Households6,21139,94589,354
Family Households4,41328,12660,546
Non-Family Households1,79911,81928,808
Married Couple3,72023,81749,528
Other Family6934,30911,017
Married w/Child1,92310,71720,998
Single Male w/Child894481,117
Single Female w/Child3061,9304,129

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
Illinois12,419,293+312,830,632+1214,316,487+615,138,849
Cook County5,376,741-35,194,675+105,707,832+55,990,243
DuPage County904,161+1916,924+101,010,323+21,034,039

Total Working Age Population:

Total Households:

Total Working Age Population:

Total Households:

Total Working Age Population:

Total Households:

No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

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Closest Commercial Airports
Airport Distance (mi)
Chicago O'Hare International Airport (ORD) 13
Chicago Midway International Airport (MDW) 18
Chicago Rockford International Airport (RFD) 57
Listing Agent
Listing Co-Agent
Anthony Citriglia - CRE Agent at

Brian Karmowski

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