101 Whitsell Way Pontoon Beach, IL 62040
152-unit apartment community near Gateway Commerce Center and major employers.
Source:
Nmrk
Listing Agent: Tom Maloney
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
152-Unit Multifamily Investment Opportunity
Chouteau Bay Apartments is a 152-unit community built in phases with an average 1993 vintage, featuring all two-bedroom floor plans. Recent capital improvements include new siding, decks, parking lots, system upgrades, and refreshed unit interiors. The property is located adjacent to the Gateway Commerce Center, a 2,300-acre industrial park with over 16 million square feet of industrial space and major employers such as Amazon, World Wide Technology, Unilever, Proctor & Gamble and Dial. It is also located within a 10-minute drive to the Southern Illinois University Edwardsville campus, home to more than 12,000 students in Fall 2025. Chouteau Bay offers a central location minutes from Edwardsville, one of Southern Illinois’ fastest-growing communities with top-rated schools and nearly $140 million in public and private investment in 2024. Immediate access to I-270 and I-255 provides excellent regional connectivity, including a ten-minute commute to Downtown St. Louis, Missouri. There is no new apartment supply in the immediate area, and limited development in Edwardsville further supports sustained long-term rent growth. The property is offered free and clear of existing debt, providing investors the flexibility to secure competitive financing.
Location Intelligence
Current Use by Public Records
Apartment buildings
Map
- City
- Pontoon Beach
- County
- Madison
- State
- Illinois
- Longitude
- -90.0982
- Latitude
- 38.7259
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FAQs
What type of property is this?
Apartment building - 152-unit apartment community near Gateway Commerce Center and major employers.
Where is this apartment building located?
The property is located at 101 Whitsell Way Pontoon Beach, IL.
What are key features of this property?
This property features: - Proximity to major employers like Amazon and World Wide Technology, plus the Gateway Commerce Center.; - Immediate revenue growth potential through loss-to-lease capture of approximately $160 per unit and standard fee implementation.; - Free and clear of existing debt, offering financing flexibility.