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
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. E-Mail us today to see how we can help achieve your ambitions.
Last updated
Oct 31, 2024
