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    Updated Condo in Wheaton
    Updated: Aug 22, 2025
    Updated Condo in Wheaton

    850 Lorraine Road #2M, Wheaton, IL 60187

    $215,000
    1,100 sqft
    Wheaton School District 200
    Updated 2‑Bedroom, 2‑Bath Condo
    Large Eat‑In Kitchen with Wood Cabinets, Corian Countertops, and Stainless Steel Appliances
    Primary Bedroom with Three Large Custom Closets and Private Bathroom
    Includes Garage Space and Exterior Parking Space
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    This listing looks promising.

    Here's a quick look at some key insights for

    850 Lorraine Road #2M, Wheaton, IL 60187,

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    • Est. Cap Rate

      5.9%
      Above avg (5.9%)

    • Est. NOI

      $13K
      Annual

    • Price @ 7% Cap

      $182K
      Suggested
    View Property Analytics
    Two-Building Multifamily Investment
    Updated: Jun 8
    Two-Building Multifamily Investment

    921 College Avenue, Wheaton, IL 60187

    $2,040,000
    11,150 sqft
    Two multifamily buildings totaling 9 apartment units: 8 two‑bedroom units plus 1 renovated three‑bedroom unit
    Renovated three‑bedroom unit updated in 2026
    Year built: 1962
    Separately metered utilities
    On‑site laundry provides additional income
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    Downtown Apartment Building Opportunity
    Downtown Apartment Building Opportunity

    403-410 Delles, Wheaton, IL 60187

    Contact for pricing
    24,650 sqft

    Fully leased 20-unit, two-story multifamily property with assigned parking and three-bedroom, two-bath apartments.

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    Based on your search, we've compiled 12 Potential Opportunities for your consideration. Besides 3 Active listings in Wheaton, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Multifamily Property in Naperville, Illinois
    Multifamily Property in Naperville, Illinois

    Olesen Dr 102, Naperville, IL

    $1,100,000
    8,000 sqft 0.64 AC lot

    Six-unit multifamily property featuring updated units and on-site laundry.

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    Spacious Corner Unit with Garage
    Spacious Corner Unit with Garage

    4721 Saint Joseph Creek Road #4A, Lisle, IL 60532

    $180,000
    1,181 sqft

    Large 2 bed, 2 bath corner unit with garage.

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    Six-Unit Apartment Building
    Six-Unit Apartment Building

    106 Olesen Dr, Naperville, IL 60540

    $1,100,000

    Six-unit multifamily property features coin laundry, A/C in all units, and 11 on-site parking spaces.

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    Chelsea Condos Two-Bedroom Unit
    Chelsea Condos Two-Bedroom Unit

    5355 Newport Drive #4-6C, Lisle, IL 60532

    $227,500

    Well-maintained condo with green space views and modern amenities.

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    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Prime Development Land, Springfield MO
    Prime Development Land, Springfield MO

    N West Bypass, Springfield, MO 65802

    $2,850,000
    29.20 AC lot

    29.2 acres of retail-zoned land for mixed-use development.

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    Asheville Development Opportunity: 5.94 Acres
    Asheville Development Opportunity: 5.94 Acres

    215 N Bear Creek Road, Asheville, NC 28806

    $2,500,000
    5.94 AC lot

    5.94-acre parcel zoned RM6, ideal for multi-family development.

    View details
    Land Near Shepherd University
    Land Near Shepherd University

    8285 MARTINSBURG Pike, Shepherdstown, WV 25443

    $650,000
    3.70 AC lot

    Prime land near Shepherd University with development potential.

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    Greenville Development Opportunity: 1.33 Acres
    Greenville Development Opportunity: 1.33 Acres

    71 Salters Road, Greenville, SC 29607

    $699,900
    1.33 AC lot

    1.33 acre parcel suitable for multi-family development near downtown.

    View details

    Off-Market Properties in Wheaton, IL

    Consider similar Off-Market properties in Wheaton, IL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    1725 Naperville Rd
    Residential income properties

    1725 Naperville Rd, Wheaton, IL 60189

    Value Estimation by Request
    28,000 sqft
    View details

    Wheaton, IL Apartment Buildings Market Trends and Statistics

    Explore 4 apartment buildings for sale in Wheaton, IL, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 36,900 square feet of properties for sale, with an estimated market value of $2,255,000.

    Sale prices for two-family homes in Wheaton, IL start at $215,000, averaging $1,127,500, and reaching up to $2,040,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 60K
    Population Growth (5Y) -0.7%
    Median Household Income $122,065
    College Educated 90.7%

    High-Yield Neighborhoods for Investment

    Identify Wheaton submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    60187 $215K

    Taxes & Financing

    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in DuPage County

    New Delisted

    Property Size Breakdown

    The majority of commercial real estate listings in Wheaton fall within the 100,000+ square foot range.

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