ASSET OVERVIEW

Property Address 250 S Naperville Rd Wheaton, IL 60187
County DuPage
Year Built 2016
Number Of Homes 149 
Avg. Home Size 983
Garage Parking 189 Spaces
Occupancy 98%
Residential SF 146,489 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


 

20%+ Trade Out

 

No Rental Concessions

 

60%+ Average Retention

Above Market Occupancy Since 2020

 

No Bad Debt In 2020, 2021, August T-12

Discount to Replacement Cost

TO ACCESS THE OFFERING SUMMARY, PLEASE EXECUTE THE CONFIDENTIALITY AGREEMENT BELOW.
OFFERING MEMORANDUM COMING SOON!

CONTACT INFORMATION

INVESTMENT ADVISORY

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FINANCING

Kevin Girard

Senior Director

+1 773 263 3890

kevin.girard@am.jll.com 

Mark Stern

Managing Director

+1 312 622 8140

mark.stern@am.jll.com 

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Zach Kaufman

Director

+1 847 830 8883

zach.kaufman@am.jll.com 

Avi Schiffman

Analyst

+1 312 957 4981

avi.schiffman@am.jll.com 

Matthew Schoenfeldt

Managing Director

+1 312 528 3686

matthew.schoenfeldt@am.jll.com

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