Living / Multi-housing

Courthouse Square Apartments

250 S Naperville Rd, Wheaton, IL, 60187-5491, US

Courthouse Square Apartments_Property for Sale

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Courthouse Square Apartments 2_Property for Sale

Asset description

Jones Lang Lasalle Americas (Illinois), L.P. (“JLL”) is pleased to present Courthouse Square Apartments, a 149-unit luxury community located in Wheaton, an affluent western suburb of Chicago in DuPage County.


The award-winning, LEED-certified property sets the standard for high-end living , offering residents a resort style collection of amenities, home features, and transit-oriented location with an unbeatable walk score that attracts an affluent resident base. The property is perfectly situated nearby the I-88 employment corridor providing access to Fortune 500 employers and proximate to ranked schooling (Wheaton College - #5 Illinois) and hospitals (Edward Hospital - #8 Illinois).


Demand for luxury living in Wheaton is evidenced by Courthouse Square’s incredible performance - 98% occupancy and 20%+ increase on new leases year-to-date. This can’t miss investment opportunity is available free and clear or via assuming the favorable existing loan (4.34% Fixed Rate, Full Term Interest Only).

Attributes

Number of units
149 units
Year built
2016
Building area Net
146,492 sf

Investment highlights

Robust Property Performance 

  • 20%+ Increase on New Leases Year-to-Date
  • 97% Avg. Economic Occupancy Since 2020
  • 60%+ Retention Rate
  • No Bad Debt - Past 3 years
  • Real Estate Tax Clarity - DuPage County (not Cook County)

 

Unbeatable Walkable Suburban Location

  • 92 Walk Score - Minutes to Downtown Wheaton and the Wheaton Metra Station 
  • Proximity to Top Ranked Education, Hospitals and Fortune 1000 Employers 
  • Easy Access to I-355 and I-88 Employment/R&D/Tech Corridor

Sought-After Renters-By-Choice 

  • Avg. Resident Household Income - $170,000
  • ~65% of Residents are 50+ Years Old
  • Empty Nesters and Working Professionals


Courthouse Square Apartments 4_Property for Sale

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Last updated
Nov 14, 2022