ReNew Wheaton Center_Property for Sale
ReNew Wheaton Center_Property for Sale
1 Wheaton Ctr, Wheaton, IL, 60187-4985, US

ReNew Wheaton Center

Asset Description

ReNew Wheaton Center is a 758-home apartment community including the tallest towers in DuPage County along with mid-rise and low-rise buildings that all feature elevators. This iconic property is situated in the heart of downtown Wheaton, Illinois, a vibrant suburb of Chicago with top-ranked public schools (Community Unit School Dist. #200). The property boasts over 20,000 SF of modern community amenities, high-end renovated apartment interiors, and an unbeatable transit-oriented location steps to the Wheaton Metra station. ReNew Wheaton Center offers a rare opportunity to achieve scale with significant value-add upside in this affluent and dynamic Chicago suburb.

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Attributes

Number of units
758
Year built
1972
Occupancy
95%
Call for offers
21/11/2024

Media

Investment Highlights

  • Rare Investment Upside
  • Significant remaining value-add opportunity (50% of homes)
  • Accretive assumable financing
  • Large scale asset featuring diversity in floor plans and building style


  • Stellar Property Performance
  • 96% occupied
  • Achieving 9% growth on new leases and 5% on renewals


  • Fantastic Submarket Fundamentals
  • 95% 3-year projected occupancy (Axiometrics)
  • Zero properties under construction within 5 miles


  • Phenomenal TOD Location in downtown Wheaton       
  • Steps to Wheaton Metra Station
  • Proximate to ten Fortune 1000 companies & I-88 R&D/Tech Corridor
ReNew Wheaton Center 4_Property for Sale
ReNew Wheaton Center 4_Property for Sale

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ReNew Wheaton Center (0 Properties)

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Last updated
31 Oct 2024