314-655-6060
1010 Enclave Blvd, Edwardsville, IL for Sale
Apartments - FOR SALE
1/65
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1010 Enclave Blvd
Edwardsville, IL 62025


HIGHLIGHTS

  • Stabilized asset with strong demographics of a one-mile $106,084 average household income and a one-mile average home value of $370,484
  • Close proximity to major employment drivers including Southern Illinois University Edwardsville (SIUE)
  • Historically limited new multifamily supply in Edwardsville due to zoning constraints and land scarcity
  • Unit layouts appeal to a diverse renter base
  • Demonstrated stable historical occupancy, currently 91.5%
  • Conveniently located near several major regional highways, including I-64, I-55, and I-255

OVERVIEW

CBRE, as exclusive marketing advisor, is pleased to present Whispering Heights Apartments (the “Property”), a well-located multifamily community situated in Edwardsville, Illinois, within the St. Louis MSA. The Property features a mid-rise layout with a balanced mix of apartment homes designed to appeal to a broad renter profile, offering a suburban residential setting with convenient access to employment, education, and retail amenities. All units feature elegant interiors with upscale finishes, delivering a refined and luxurious living experience. The community is enhanced by amenities including ample parking, green space, and on-site management and maintenance. Whispering Heights’ steady occupancy profile positions the Property as a workforce and mid-market housing option within one of the Metro East’s most desirable municipalities. Strategically located in Edwardsville, the Property benefits from proximity to I-270 and Route 159, allowing residents quick access to Downtown St. Louis, major regional employment centers, and surrounding retail corridors. Edwardsville is also home to Southern Illinois University Edwardsville (SIUE), a key demand driver providing long-term rental stability. The area is recognized for its strong demographics, high quality of life, and highly regarded school systems, reinforcing consistent renter demand and future rent growth potential. With its attractive location, stable operating fundamentals, and opportunity to further enhance interiors and amenities, Whispering Heights Apartments represents a compelling opportunity to acquire a well-positioned multifamily asset with both current income and long-term upside. Whispering Heights Apartments is being offered on a free and clear basis.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

153

CAP RATE

Request Cap Rate

% LEASED

92%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Whispering Heights

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

6

YEAR BUILT

2020

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.58 AC

LAND SF

155,945 SF

ZONING

B2

APN/PARCEL ID

14-2-15-10-04-401-002,14-2-15-10-04-401-017

ASK ABOUT THIS PROPERTY

314-655-6060

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314-655-6060

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