Left Bank
300 North Canal Street, Chicago, IL, 60606, US
451 units
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
96%
Media
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
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
26 Jun 2025
