Skip To Content

    627 S Blanchard Street

    Wheaton, IL 60187
    • $600,000
    • STATUS: Active Under Contract
    • ON SITE: 53 days
    • MLS #: 11172503
    Under Contract
    UPDATED: 87 min ago
    $600,000
    • 0
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,544
      SQFT
    • $92
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1961
    County:
    Area:

    School Ratings & Info

    Description

    Be sure to ask for links to see all 8 units plus the basement in 3D/virtual reality! This is a rare opportunity to own a R7 zoned 8-unit corridor building in Wheaton, right across the street from CVS Pharmacy and close to all of the retail/commercial stores on Roosevelt Rd. This unit has stayed in the same family for approximately 30 years and has been cared for appropriately. There are 2 2bd/1ba units (approximately 800 sq. ft. each) and 6 1bd/1ba units (approximately 520 sq. ft. each), all with tenants who pay on time. The units each have electric ovens/ranges and the tenants provide their own air conditioning units. The hot water boiler heating (one for the building), water, garbage, common area maintenance, pest control, shoveling and lawn care are paid for by the landlord. Tenants pay for electric, cable and internet. The partial basement contains individual storage cages for each apartment, two utility rooms and a laundry room. The approximate square footage of the partial basement is 1,330 sq. ft. and the unfinished crawl space measures approximately 1,050 sq. ft. The tenants will have an easy time parking as this property has 10 numbered parking spots (5 in the front, 5 on the side, 2 spots for each 2-bedroom unit and 1 spot for each 1-bedroom unit, no guest parking). Most units receive updates periodically and some have recently received appliances, fixtures, etc. A couple of the units are in need of updating so please be sure to look at each unit in 3D/VR before scheduling a showing.

    Monthly Payment Calculator



    © 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or The Wexler Group | Keller Williams Preferred Realty. Based on information submitted to the MRED as of 2021-09-21T00:00:16.07 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

    Digital Millennium Copyright Act
    www.thewexlergroup.com/homes/119839411
    Print Image

    627 S Blanchard Street Wheaton, IL 60187

    • Price: $600,000
    • Status: Active Under Contract
    • Updated: 87 min ago
    • MLS #: 11172503
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    6,544
    SQFT
    $92
    $/SQFT
    1961
    Built
    Neighborhood:
    Wheaton
    County:
    DuPage
    Area:
    Wheaton
    Property Description
    Be sure to ask for links to see all 8 units plus the basement in 3D/virtual reality! This is a rare opportunity to own a R7 zoned 8-unit corridor building in Wheaton, right across the street from CVS Pharmacy and close to all of the retail/commercial stores on Roosevelt Rd. This unit has stayed in the same family for approximately 30 years and has been cared for appropriately. There are 2 2bd/1ba units (approximately 800 sq. ft. each) and 6 1bd/1ba units (approximately 520 sq. ft. each), all with tenants who pay on time. The units each have electric ovens/ranges and the tenants provide their own air conditioning units. The hot water boiler heating (one for the building), water, garbage, common area maintenance, pest control, shoveling and lawn care are paid for by the landlord. Tenants pay for electric, cable and internet. The partial basement contains individual storage cages for each apartment, two utility rooms and a laundry room. The approximate square footage of the partial basement is 1,330 sq. ft. and the unfinished crawl space measures approximately 1,050 sq. ft. The tenants will have an easy time parking as this property has 10 numbered parking spots (5 in the front, 5 on the side, 2 spots for each 2-bedroom unit and 1 spot for each 1-bedroom unit, no guest parking). Most units receive updates periodically and some have recently received appliances, fixtures, etc. A couple of the units are in need of updating so please be sure to look at each unit in 3D/VR before scheduling a showing.
    Exterior Features

    Exterior Building Type Brick Foundation Details Concrete Perimeter Frontage Type City StreetPublic RoadSignal IntersectionState Road Land Amenities Curbs And GuttersLighting/ExteriorSidewalksOther Outdoor Parking 6-12 SpacesAssigned SpacesPaved Parking Total 10 Roof Other Roof Structure FlatWood Joists

    Interior Features

    Basement UnfinishedExterior AccessConcrete (Basement)Storage Space Cooling Wall Sleeve Fireplaces Total 0 Heat Ventilation Central Bldg HeatHot WaterRadiatorsBaseboard Miscellaneous Inside Storage InsideLaundry Room Number Of Dishwashers 0 Number Of Dryers 2 Number Of Ranges 8 Number Of Washers 2

    Property Features

    Additional Parcels YN No Approximate Age Older Building Area Total 6544 Built Before1978 YN Yes Contingency Attorney/Inspection Continue To Show No - Has Seller Written Direction Current Use Multi-Family Electric Circuit Breakers201-600 Amps Fire Protection Fire Extinguisher/SPartially SprinkleredSprinklers-Wet Gross Income 82500 Gross Scheduled Income 82500 Insurance Expense 3734 Location Mixed Use AreaPublic Transport Avail Maintenance Expense 1200 Net Operating Income 57950 Operating Expense 24550 Ownership Types Other Possible Use Multi-Family Seller Needs Out Of Management Tax Annual Amount 23365 Tax Year 2020 Tenant Pays Air ConditioningElectricityOther Total Monthly Income 6875 Township Milton Type Multi Family 5+ Zoning Multi

    Listing information © 2021 Midwest Real Estate Data LLC.
    Listing provided courtesy of Artizen Realty Llc.


    © 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or The Wexler Group | Keller Williams Preferred Realty. Based on information submitted to the MRED as of 2021-09-21T00:00:16.07 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

    Digital Millennium Copyright Act
     
    Logo
    The Wexler Group | Keller Williams Preferred Realty
    16123 S LaGrange Road
    Orland Park IL, 60467