Left Bank
300 North Canal Street, Chicago, IL, 60606, US
451 Einheiten
Beschreibung
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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Eigenschaften
Anzahl der Einheiten
758
Baujahr
1972
Vermietungsstand
96 %
Ausschreibung
16.07.2025
Medien
Investment-Highlights
- Rare Investment Upside
- Accretive assumable debt at 5.08% blended rate
- $60M+ in capital improvements invested since 2014
- Significant remaining value-add opportunity (over 50% of homes are either classic or renovated prior to 2018)
- Large scale asset featuring diversity in floor plans and building style
- Stellar Property Performance
- 96% occupied
- Achieving 9% growth on new leases
- 5% trade outs on renewals
- Impressive $100-$200 renovation premiums
- Fantastic Submarket Fundamentals
- 5.2% 3-year historical average rent growth
- 3.3% 3-Year projected average annual rent growth
- 95% 3-year projected occupancy
- Zero properties under construction within 5 miles
- Phenomenal TOD Location in downtown Wheaton
- Steps to Wheaton Metra Station
- Central to Downtown Wheaton and Illinois Prairie Path
- Proximate to ten Fortune 1000 companies & I-88 R&D/Tech Corridor
- 88 Walk Score
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ReNew Wheaton Center (0 Objekte)
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Zuletzt aktualisiert
10. Juli 2025
