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Rehabilitated Duplex with Garden Unit
For Sale
Under Contract
$765,000

118 N President Street, Wheaton, IL 60187

Residential Income, Wheaton, IL

Property SizeContact for details
Lot Size0.19 Acres
Days on Market46

Property Features for 118 N President Street

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 5
Bathrooms 4
Full bathrooms 4
Rooms Bathroom 4, Basement, Bedroom 5, Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 4, Bathroom 3, Bedroom 3, Bedroom 2
Parking 2
Parking features Open, Garage
Patio and Porch features Deck
Basement Exterior Entry, Finished, Full, Daylight, Storage Space
Lot features Garden
Elementary school Lowell Elementary School
Middle school Franklin Middle School
High school Wheaton North High School
Elementary school district 200
Middle school district 200
High school district 200
Directions West side of President, Just south of Crescent and the tracks.
Subdivision Wheaton
Standard status Active Under Contract
APN 0516403019
Lot size 0.19 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 5433

Utilities

Sewer type Public Sewer
Heating system Forced Air, Natural Gas

Building Details

Year built 1927
Building materials Brick, Concrete
Roof type Asphalt
Listing Agency: Keller Williams Premiere Properties · Keller Williams Realty
Listed By: Maureen Rooney · License #475142114
Added: Aug 13 Changed: Sep 12 Last Checked: Sep 27 at 1:06AM
MLS# 12731203

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This Wheaton duplex contains two distinct apartments within a two-story, 5-bedroom, 4-bath property built in 1927. The primary residence offers an open kitchen with quartz counters, stainless appliances, center island, pantry, hardwood flooring, deck access, a mudroom, and a 2.5-car garage. Its upper level includes three bedrooms, laundry, and two full baths, with a primary suite featuring a private bath and walk-in closet. A garden-level 1-bedroom, 1-bath apartment was built out in 2021 and includes windows throughout, a kitchen, living room, full bath, and laundry room.

The 2026 renovation included kitchens, ceramic baths, plumbing, electrical, insulation, hardwood floors, lighting, roof, windows, water service, sewer line, driveway, and apron improvements. The 0.19-acre property is zoned R-5 and has public sewer, natural gas forced-air heat, brick and concrete construction, asphalt roofing, open parking, and a deck. Located at 118 N President Street in Wheaton, it is near Wheaton College, College Avenue shops and restaurants, the Metra station, Illinois Prairie Path, and downtown Wheaton.

Key Highlights

  • Duplex with two separate apartments, each featuring its own entry, kitchen, and laundry
  • 5‑bedroom, 4‑bath two‑story property on 0.19 acres
  • Garden‑level 1‑bedroom, 1‑bath apartment built out in 2021

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Garden Center Locksmith Bakery Tech Support Center (Bike/Boat/Book/etc) Store Furniture & Home Goods

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

Location Intelligence

Trade Area within ½ mile

910
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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-story income property with separate entries, kitchens, and laundry areas for both apartments.
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: Duplex with two separate apartments, each featuring its own entry, kitchen, and laundry; 5‑bedroom, 4‑bath two‑story property on 0.19 acres; Garden‑level 1‑bedroom, 1‑bath apartment built out in 2021
More about this property
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