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Residential Income Property
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For Sale
$300,000

416 Crescent Street, Wheaton, IL 60187

Residential Income, Wheaton, IL

Property SizeContact for details
Lot Size0.19 Acres
Days on Market7

Property Features for 416 Crescent Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning MULTI
Bedrooms 4
Bathrooms 2
Full bathrooms 2
Rooms Bedroom 4, Bedroom 3, Bedroom 1, Basement, Bathroom 2, Bedroom 2, Bathroom 1
Parking 5
Parking features Assigned, Owned, Off Street
Basement Full
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 Washington St (N) of Roosevelt rd to Crescent St (E) to property
Subdivision Wheaton
Standard status Active
APN 0516401009
Lot size 0.19 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 5285

Utilities

Sewer type Public Sewer
Heating system Forced Air

Building Details

Year built 1887
Building materials Frame
Roof type Asphalt
Listing Agency: Discover Real Estate
Listed By: Tom George · License #IL 471006612
Added: Sep 29 Changed: Oct 4 Last Checked: Oct 5 at 12:06PM
MLS# 12772014

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 0.19-acre residential income property includes a frame building constructed in 1887. The structure is in poor condition and currently rented as private rooms on month-to-month terms. Forced-air heating and off-street parking are present. A conceptual plan depicts a possible two-unit, two-story building with five parking spaces.

The property is near downtown Wheaton, the train station, and Wheaton College. Its rear, southern section lies within a floodplain; the conceptual plan places a potential new building outside that area. The plan is illustrative, and development details depend on independent verification.

Key Highlights

  • 0.19‑acre parcel near downtown Wheaton, the train station, and Wheaton College
  • Existing frame building dates to 1887 and is in poor condition
  • Currently rented as private rooms on month‑to‑month terms

Property Analytics

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Current Use

Residential income properties

Suggested Use

Top Pick Locksmith (Bike/Boat/Book/etc) Store Catering Service Tech Support Center Butcher 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.

Location Intelligence

Trade Area within ½ mile

1,699
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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Frequently Asked Questions

What type of property is this?
Residential income property - The existing frame building is rented by the room on month-to-month terms.
Where is this residential income property located?
The property is located at 416 Crescent Street Wheaton, IL.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: 0.19‑acre parcel near downtown Wheaton, the train station, and Wheaton College; Existing frame building dates to 1887 and is in poor condition; Currently rented as private rooms on month‑to‑month terms
More about this property
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