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$651,000
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Property Description
Introducing a Fantastic Investment Opportunity for a 1031, long term hold or Owner occupant, all in a Charming Neighborhood. This property practically guarantees immediate tenant occupancy. This four-unit building showcases generously proportioned apartments. One of these units comprises 1 bedroom and 1 bathroom, while the remaining three units each offer 2 bedrooms and 1 bathroom. Notably, two of the two-bedroom units have recently undergone extensive kitchen and bathroom renovations. All 4 units are leased. This property boasts a prime location, providing convenient access to shopping, downtown Wheaton, the Metra commuter train, a bus stop conveniently located right in front, and proximity to Wheaton College. Maintenance is a breeze, thanks to the solid all-brick construction, updated windows, and doors throughout. Each unit is equipped with gas cooking facilities and features balconies for the top two apartments. Electric meters are individually metered for each unit, and there is a shared laundry facility for added convenience. Tenants are responsible for their own electric expenses, and ample parking is available. While the building is in excellent condition, it is being offered for sale AS-IS, ensuring a hassle-free transaction.
Full Property Details
Full Property Details for 1407 E Roosevelt Rd
General
- Sold For: $651,000
- Taxes: $7,767 (2022)
- Status: Closed
- Type: Multi-Family
- Source: MRED
- MLS ID: 11895101
- Added to Site: 898 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 4
- Bathroom Features: Soaking Tub
Bedrooms
- Total Bedrooms: 7
Additional Information
- Other Features: Commuter Bus
Exterior
- Exterior Features: Balcony
Parking
- Number of Cars: 7
- Total Spaces: 7
- Parking Features: Unassigned, Driveway
- Parking Type: Space(s)
- Parking On-Site: Yes
Location
- Area: Wheaton
- County: Du Page
- Driving Directions: Roosevelt east to building across from CVS
School Information
- School District: 200
- Midd School District: 200
Heating & Cooling
- Heating Type: Natural Gas
Utilities
- Water: Lake Michigan
Structural Information
- Exterior Const.: Brick
- Basement Desc.: None
- Roof: Asphalt
- Year Built: 1970
- Built Before 1978: Yes
- Remodeled/Updated: 2019
Unit Information
- Units in Building: 4
Lot Features
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 60 x 142
Financial Considerations
- Assessment Year: 1970
- Tax Amount: $7,767
- Tax Year: 2022
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 515326021
Listed by RE/MAX Suburban
Sold by REMAX Legends
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Schools
Schools serving 1407 E Roosevelt Rd
School District:Community Unit School District 200
| Name | Grades | Distance |
|---|---|---|
Lowell Elementary School, Wheaton, IL 312 South President Street, Wheaton, IL 60187 | K-5 | 0.4 mi |
Franklin Middle School, Wheaton, IL 211 East Franklin Street, Wheaton, IL 60187 | 6-8 | 1.2 mi |
Wheaton North High School 701 West Thomas Road, Wheaton, IL 60187 | 9-12 | 2.3 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1407 E Roosevelt Rd
Date
Details
Price
Change
Source
10/31/2023
Sold
$651,000
0.15%
MLS
9/27/2023
Listed
$650,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1407 E Roosevelt Road, Wheaton, IL 60187 (MLS# 11895101) is a Multi-Family property that was sold at $651,000 on October 31, 2023. Want to learn more about 1407 E Roosevelt Road? Do you have questions about finding other Multi-Family real estate for sale in Wheaton? You can browse all Wheaton real estate or contact a Coldwell Banker agent to request more information.

