Haven Hoffman Estates
725 W Bode Cir, Hoffman Estates, IL, 60169-2901, US
550 units
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.
...
Attributes
Number of units
758
Year built
1972
Occupancy
95%
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
Contact brokers
ReNew Wheaton Center (0 Properties)
JLL can help you finance and manage your portfolio. Email us today to see how we can help achieve your ambitions.
Last updated
31 Oct 2024
