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Rehabilitated Duplex Near Wheaton College
New
For Sale
$765,000

118 N President Street, Wheaton, IL 60187

Two separate apartments offer individual entrances, kitchens, laundry areas, and flexible occupancy options.

Property SizeContact for details
Days on Market2

Property Features for 118 N President Street

General Information

Standard status Active
Total Parking Spaces 2
Property subtype Residential Income
Zoning R-5

Site & Location

Public Transit Yes
Utilities to Site Yes

Additional Details

Multifamily Units 2

Taxes and HOA fees

Annual Taxes $5,432

Amenities

covered front porch
deck
backyard
laundry

Building Details

Year Built 1927
Buildings 1
Stories 2
Listing Agency: Keller Williams Premiere Properties
Listed By: Maureen Rooney · License #475142114
Source: Ozmentrealestate
Added: Aug 16 Changed: Aug 17 Last Checked: Aug 17 at 7:04AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Premiere Properties

Investment Insights

Based on property information with market context.

This two-story duplex, built in 1927 and expanded and rehabilitated in 2026, contains two distinct apartments. The larger residence features four bedrooms, three full baths, an open kitchen with quartz counters, stainless appliances, island, pantry, hardwood flooring, mudroom, deck access, and a primary suite with a private bath and walk-in closet. The garden-level apartment, completed in 2021, provides one bedroom, one bath, a kitchen, living room, and laundry room.

Major 2026 improvements include the kitchen, ceramic baths, plumbing, electrical, insulation, hardwood floors, lighting, roof, windows, water service, sewer line, driveway, and apron. The property also includes a covered front porch, a 2.5-car garage, and access to a backyard. Each apartment has its own entry, kitchen, and laundry area.

The Wheaton setting is near Wheaton College, College Avenue shops and restaurants, the Metra station, Lowell Elementary, the Illinois Prairie Path, a tot lot, the French Market, and downtown Wheaton. R-5 zoning is stated in the property information.

Key Highlights

  • Two‑story duplex expanded and rehabilitated in 2026
  • Two separate apartments, each with its own entry, kitchen, and laundry
  • Larger apartment includes 4 bedrooms and 3 full baths

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Garden Center Locksmith Bakery Grocery & Convenience Store Tech Support Center (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

343
Businesses Nearby

Demographics for 60187, IL

30,059
Population
10,619
Households
2.8
Avg Household Size
37
Median Age
62%
College-Educated
95%
High-School Grad
6.6 sq mi
ZIP Area
4,554
Density / Sq Mi
$119,048
Median Household Income
$49,625
Median Earnings
$1,744
Median Rent
$432,200
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Two separate apartments offer individual entrances, kitchens, laundry areas, and flexible occupancy options.
Where is this duplex located?
The property is located at 118 N President Street Wheaton, IL.
What is the asking price?
The asking price for this property is $765,000.
What are key features of this property?
This property features: Two‑story duplex expanded and rehabilitated in 2026; Two separate apartments, each with its own entry, kitchen, and laundry; Larger apartment includes 4 bedrooms and 3 full baths
More about this property
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