1240 S Lorraine Rd Unit 2B Wheaton, IL 60189
Southeast Wheaton NeighborhoodEstimated payment $1,548/month
Highlights
- Living Room
- Laundry Room
- Baseboard Heating
- Lincoln Elementary School Rated A
- Dining Room
- 4-minute walk to Presidents Park
About This Home
Welcome to 1240 S Lorraine Rd, Unit 2B - a bright and inviting 2-bedroom, 1-bath condo offering easy living in one of Wheaton's most convenient locations! This well-maintained home features beautiful wood laminate floors throughout, a spacious living and dining area, and a private balcony perfect for morning coffee or evening relaxation. This rentable unit provides great flexibility for homeowners and investors alike. The building has undergone major updates and improvements including new carpeting and paint in common areas, upgraded balconies, new parking lot, and a new roof. These updates enhance both curb appeal and long-term value. Enjoy being just minutes from President's Park, the College of DuPage, shopping, dining, and everything Wheaton has to offer. Top-rated schools include Lincoln Elementary, Edison Middle School, and Wheaton Warrenville South High School. Don't miss this wonderful opportunity to own or invest in a move-in ready home in an unbeatable location-schedule your showing today!
Listing Agent
Keller Williams Infinity Brokerage Phone: (630) 330-7942 License #475173405 Listed on: 11/12/2025
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $2,472
Year Built
- Built in 1974
HOA Fees
- $367 Monthly HOA Fees
Home Design
- Entry on the 2nd floor
- Brick Exterior Construction
Interior Spaces
- 1,050 Sq Ft Home
- 3-Story Property
- Family Room
- Living Room
- Dining Room
- Laminate Flooring
Kitchen
- Range
- Dishwasher
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Potential Bedrooms
- 1 Full Bathroom
Laundry
- Laundry Room
- Dryer
- Washer
Parking
- 1 Parking Space
- Parking Included in Price
Schools
- Lincoln Elementary School
- Edison Middle School
- Wheaton Warrenville South H S High School
Utilities
- Baseboard Heating
- Lake Michigan Water
Listing and Financial Details
- Homeowner Tax Exemptions
Community Details
Overview
- Association fees include heat, water, gas, parking, insurance, exterior maintenance, lawn care, scavenger, snow removal
- 12 Units
- Manager Association, Phone Number (630) 985-2500
- Property managed by MC Property Management
Pet Policy
- Cats Allowed
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $2,472 | $46,357 | $6,095 | $40,262 |
| 2023 | $2,343 | $42,670 | $5,610 | $37,060 |
| 2022 | $1,900 | $33,430 | $5,300 | $28,130 |
| 2021 | $1,885 | $32,630 | $5,170 | $27,460 |
| 2020 | $1,875 | $32,320 | $5,120 | $27,200 |
| 2019 | $1,823 | $31,460 | $4,980 | $26,480 |
| 2018 | $1,536 | $27,200 | $4,330 | $22,870 |
| 2017 | $1,355 | $24,260 | $3,860 | $20,400 |
| 2016 | $1,322 | $23,290 | $3,710 | $19,580 |
| 2015 | $1,293 | $22,220 | $3,540 | $18,680 |
| 2014 | $2,903 | $35,800 | $3,510 | $32,290 |
| 2013 | $2,828 | $35,910 | $3,520 | $32,390 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/14/2025 11/14/25 | Pending | -- | -- | -- | |
| 11/12/2025 11/12/25 | For Sale | $185,000 | +76.2% | $176 / Sq Ft | |
| 06/03/2019 06/03/19 | Sold | $105,000 | +5.0% | $100 / Sq Ft | View Prior Sale |
| 04/24/2019 04/24/19 | Pending | -- | -- | -- | |
| 04/20/2019 04/20/19 | For Sale | $99,999 | +110.5% | $95 / Sq Ft | |
| 07/18/2014 07/18/14 | Sold | $47,500 | 0.0% | $45 / Sq Ft | View Prior Sale |
| 06/25/2014 06/25/14 | Pending | -- | -- | -- | |
| 06/18/2014 06/18/14 | Price Changed | $47,500 | 0.0% | $45 / Sq Ft | |
| 06/18/2014 06/18/14 | For Sale | $47,500 | -13.5% | $45 / Sq Ft | |
| 04/18/2014 04/18/14 | Pending | -- | -- | -- | |
| 04/15/2014 04/15/14 | For Sale | $54,900 | -- | $52 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $105,000 | None Available | |
| Special Warranty Deed | $47,500 | Fidelity National Title | |
| Sheriffs Deed | -- | None Available | |
| Warranty Deed | $129,000 | Ticor Title |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $98,000 | New Conventional | |
| Previous Owner | $25,800 | Stand Alone Second | |
| Previous Owner | $103,200 | Purchase Money Mortgage |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12516152
APN: 05-22-132-028
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked.
Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.
The DMCA requires that your notice of alleged copyright infringement include the following information:
(1) description of the copyrighted work that is the subject of claimed infringement;
(2) description of the alleged infringing content and information sufficient to permit us to locate the content;
(3) contact information for you, including your address, telephone number and email address;
(4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law;
(5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and
(6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.
- 1000 S Lorraine Rd Unit 412
- 1000 S Lorraine Rd Unit 315
- 1000 S Lorraine Rd Unit 214
- 1643 Castbourne Ct
- 215 Orchard Ln
- 1407 Wilson Ave
- 850 S Lorraine Rd Unit 1G
- 850 S Lorraine Rd Unit 1C
- 850 S Lorraine Rd Unit 3L
- 1316 Wilson Ave
- 1244 Loughborough Ct
- 1581 Groton Ln
- 1038 Liskeard Ct
- 305 S Lambert Rd
- 1123 Grant St
- 1129 Rhodes Ct
- 383 Sandhurst Cir Unit 4
- 386 Sandhurst Cir Unit 2
- 1010 Heathrow Ct
- 474 Raintree Ct Unit 1C