1407 E Roosevelt Rd

Wheaton, IL 60187

$651,000
Last Sold Price
7
Beds
4,300 Sq. Ft.
$151 / Sq. Ft.
4,300
Sq. Ft.
$151
per Sq. Ft.
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Closed 10/31/23
Closed 10/31/23

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...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.
  1. Listed by Lance Kammes • RE/MAX Suburban
    P: (630)-653-1900 C: (630)-667-3333 lance@lancekammes.com

Sold By REMAX Legends

Property Details for 1407 East Roosevelt Road

Area
Wheaton
Township
Milton
Ownership
Fee Simple
Num Of Parking Spaces
7.0
Num Of Cars
7.0
Heat/Fuel
Natural Gas
LISTING CLOSED: 10/31/2023 12:00 AM

Property Details for 1407 East Roosevelt Road

StatusClosed
MLS #11895101
Days on Market7
Taxes$7,767 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeTwo to Four Units / 4 Flat
Year Built1970
Lot Size0.20 AC / 8,520 SF
CountyDuPage County
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Location

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Building Information for 1407 East Roosevelt Road

Stories-Residences4Year Built1970Building Size-Lot Size0.20 AC / 8,520 SF

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$3,956 per month

30 year fixed, 6.55% Interest

Principal and Interest

$3,309

Property Taxes

$647

HOA Dues

$0

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Property Information for 1407 East Roosevelt Road

General Information
School Information
  • Elementary School District: 200
  • High School District: 200
  • Middle Or Junior School District: 200
Addtl Parking Information
  • Parking: Space/s
  • Parking Details: Unassigned, Driveway
  • Parking On Site: true
  • Parking Ownership: N/A
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Num Of Rooms: 15
  • Bedrooms Total: 7
  • Bedrooms (Below Grade): 0
  • Bath Amenities: Soaking Tub
  • Basement Type: None
  • Bedrooms Possible: 7
  • Basement Description: Slab
  • Basement Bathrooms: No
  • # Full Baths in Building: 4
  • # Half Baths in Building: 0
  • Room Type: Utility Room-1st Floor
  • Num of Baths: 4.0
Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Lake Michigan
Property/Lot Information
  • Exterior Property Features: Balcony
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: Yes
  • Rehab Year: 2019
  • Built Before 1978: Yes
  • Age: 51-60 Years
  • Lot Size: Less Than .25 Acre
  • Lot Dimensions: 60X142
  • Total # Units in Building: 4.0
  • Waterfront: No
  • Exterior Building Type: Brick
  • Roof Type: Asphalt
  • General Information: Commuter Bus
  • 3 Br Un In Bldg: No
Property and Assessments
  • Buyer Financing: Conventional, FHA, Cash
  • Public Document Count: 0
  • Photos Count: 2
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Income & Expenses
  • Fuel Expense: $.00
  • Maintenance Expense: $.00
  • Manager Expense: $.00
  • Other Addl Income: Coin Laundry
  • Net Operating Income: $46,861.00
  • Professional Management Expense: $.00
  • Other Expenses $: 11372
Unit 1
  • Unit Type Actual Rent: $950.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 1
  • Lease Expiration Date: M/M
Unit 2
  • Unit Type Actual Rent: $1,650.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
  • Lease Expiration Date: 00/00
Unit 3
  • Unit Type Actual Rent: $1,500.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 3
  • Lease Expiration Date: 00/00
Unit 4
  • Unit Type Actual Rent: $1,350.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 4
  • Lease Expiration Date: M/M

Property History for 1407 East Roosevelt Road

DateEvent & SourcePriceAppreciation
Oct 31, 2023

Sold (Public Record)

Public Record #1521663788

$651,000—
Oct 31, 2023

Sold

MRED #11895101

$651,000—
Oct 3, 2023

Pending

MRED #11895101

—
DateEvent & SourcePrice
10/31/2023

Sold (Public Record)

Public Record #1521663788

$651,000
10/31/2023

Sold

MRED #11895101

$651,000
10/03/2023

Pending

MRED #11895101

—

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 1407 East Roosevelt Road

Taxable ValueLand$27,931Additions$162,895Total$190,826
Tax Record2024$12,536 ($1,045 / month)
Home Facts
Baths4Total Finished SqFt4,284 SqFtAbove Grade Finished SqFt4,284 SqFtStories2Lot Size8,712 SqFtStyleMulti-Family Dwelling (2-4)Year Built1970ZoningACountyDUPAGEAPN05-15-326-021

Schools near 1407 East Roosevelt Road

This home is within Community Unit School District 200.
Rating
School
Type
Grades
Distance
Lowell Elementary School
Public - K to 5
Franklin Middle School
Public - 6 to 8
Wheaton North High School
Public - 9 to 12
Carriers of Light
Private - PK to 6
Rating
School
Distance
Lowell Elementary School
PublicK to 5

Franklin Middle School
Public6 to 8

Wheaton North High School
Public9 to 12

Carriers of Light
PrivatePK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot AC
627 South Blanchard Street, Wheaton, IL 60187
$600,000
10
–
–
0.15
1411 East Roosevelt Road, Wheaton, IL 60187
–
–
1
1,064
–
1415 East Roosevelt Road, Wheaton, IL 60187
$125,000
–
–
1,102
–
1402 East Evergreen Street, Wheaton, IL 60187
$250,000
3
1,240
0.30
1408 East Evergreen Street, Wheaton, IL 60187
$390,000
3
1,293
–

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX Suburban

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 11/01/2023 11:20 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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.