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    850 Lorraine Rd, Unit 2M Wheaton, IL 60187

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    For Sale
    $215,000

    Updated 2-bedroom, 2-bath condo in desirable Wheaton location.

    Property size:
    1,100 SF

    Property Features for 850 Lorraine Rd

    General Information

    Size
    1,100 SF

    Building Details

    Year built
    1961

    Source: Keller Williams Premiere Properties Agent Ken Albert

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Updated Condo in Wheaton

    This updated second-floor condo features 2 bedrooms and 2 bathrooms and is located in a well-maintained elevator building. The unit has been freshly painted and features new carpet. The living space includes an expansive living room and dining area that opens to a private balcony. The eat-in kitchen features wood cabinets, ample storage, a generous pantry, Corian countertops, and stainless steel appliances. The primary bedroom includes three large closets with custom closet systems and a private bathroom with a walk-in shower. The second bedroom includes a large closet. A second full bathroom is located off the entryway and includes an additional linen closet. One garage space and one exterior parking space are included. Additional amenities include a storage unit and coin laundry in the building. The property is conveniently located near the College of DuPage, restaurants, parks, and golf courses. The property is located in Wheaton School District 200.
    Location Intelligence

    Current Use by Public Records

    House Of Ozren Clothing Store Chateau Lorraine Condominiums Condominium Complex

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Wheaton
    County
    DuPage
    State
    Illinois
    Longitude
    -88.082859
    Latitude
    41.857793

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    FAQs

    What type of property is this?
    Apartment building - Updated 2-bedroom, 2-bath condo in desirable Wheaton location.
    Where is this apartment building located?
    The property is located at 850 Lorraine Rd, Unit 2M Wheaton, IL.
    What is the asking price?
    The asking price for this property is $215,000.
    What are key features of this property?
    This property features: - Wheaton School District 200; - Updated 2-Bedroom, 2-Bath Condo; - Large Eat-In Kitchen with Wood Cabinets, Corian Countertops, and Stainless Steel Appliances
    (630) 776-2404
    Request Owner's contact information
    850 Lorraine Rd, Unit 2M Wheaton, IL 60187
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    Wheaton, IL 60187
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    850 Lorraine Rd, Unit 2M Wheaton, IL 60187
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