921 College Ave - Apartments FOR SALE


Wheaton, IL 60187- Downtown Wheaton
$2,040,000 USD
847-361-4995
921 College Ave, Wheaton, IL for Sale
$2,040,000 USD
Apartments - FOR SALE
1/1
null | 6.44% Cap Rate

921 College Ave
Wheaton, IL 60187
Downtown Wheaton


OVERVIEW

921 & 933 N College Ave in Wheaton present a rare multifamily investment opportunity featuring two well-maintained buildings with a total of nine apartment units. The unit mix includes eight spacious 2-bedroom, 1-bath residences and one fully renovated 3-bedroom, 2-bath unit, thoughtfully updated in 2026 with modern finishes and improvements. The apartments have been consistently upgraded over the years, offering a variety of interior finishes and strong tenant appeal. Each unit is separately metered, with tenants responsible for their own gas and electric utilities. Heating is provided through individual boiler baseboard systems, allowing for efficient and independent climate control. The buildings boast two laundry rooms which generate additional income. The property also offers desirable amenities including ample storage space, garage parking, additional guest lot parking, and a large shared yard that enhances the residential setting.

FOR SALE DETAILS

PRICE

$2,040,000 USD

PRICE/SF

$130 USD /SF

# OF UNITS

9

PRICE/UNIT

$226,667

CAP RATE

6.44%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1962

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.81 AC

LAND SF

35,436 SF

ZONING

R5

APN/PARCEL ID

05-16-220-027,05-16-220-028

ASK ABOUT THIS PROPERTY

Brian DiBasilioTriad Real Estate PartnersMore Info
847-361-4995

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Brian DiBasilioTriad Real Estate PartnersMore Info
847-361-4995

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.