505 W Front St Wheaton, IL 60187
Downtown Wheaton NeighborhoodEstimated payment $10,107/month
About This Home
This two-story 8-unit building offers a solid investment opportunity in an unbeatable location. Constructed in 1960, the property features durable concrete precast floors, a pitched roof, and encompasses approximately 6,100 square feet on an 8,700 square foot lot. It includes 12 parking spaces and convenient alley access. Three of the units have been completely renovated, with additional updates made throughout the property over the past year. The building includes onsite amenities such as a coin-operated washer and dryer in the basement, along with eight dedicated storage areas.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $15,237
Year Built
- Built in 1960
Home Design
- Gambrel Roof
- Brick Exterior Construction
- Composition Roof
- Concrete Perimeter Foundation
Interior Spaces
- 2-Story Property
Utilities
- Cooling System Mounted In Outer Wall Opening
- Radiant Heating System
Community Details
Overview
- 8 Units
Building Details
- Insurance Expense $4,700
- Maintenance Expense $4,685
- Manager Expense $6,247
- Other Expense $12,692
- Operating Expense $43,561
- Gross Income $154,680
- Net Operating Income $112,619
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 |
|---|---|---|---|---|
| 2023 | $14,920 | $231,790 | $79,620 | $152,170 |
| 2022 | $13,368 | $207,840 | $75,240 | $132,600 |
| 2021 | $14,360 | $202,900 | $73,450 | $129,450 |
| 2020 | $13,641 | $201,010 | $72,770 | $128,240 |
| 2019 | $13,346 | $195,710 | $70,850 | $124,860 |
| 2018 | $13,869 | $191,490 | $69,320 | $122,170 |
| 2017 | $13,687 | $184,420 | $66,760 | $117,660 |
| 2016 | $12,890 | $177,050 | $64,090 | $112,960 |
| 2015 | $15,808 | $198,340 | $61,140 | $137,200 |
| 2014 | $14,848 | $187,580 | $57,820 | $129,760 |
| 2013 | $14,464 | $188,140 | $57,990 | $130,150 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/08/2025 07/08/25 | For Sale | $1,600,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $1,500,500 | National Title Solutions | |
| Warranty Deed | $830,000 | First American Title | |
| Warranty Deed | $750,000 | First American Title | |
| Special Warranty Deed | $637,500 | Ctic | |
| Special Warranty Deed | $637,500 | Ctic | |
| Quit Claim Deed | -- | Ctic |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,200,400 | Credit Line Revolving | |
| Previous Owner | $1,876,000 | Credit Line Revolving | |
| Previous Owner | $532,000 | Commercial | |
| Previous Owner | $1,040,000 | Commercial |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12413802
APN: 05-17-403-015
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.
- 100 N Gary Ave Unit 304
- 455 W Front St Unit 307
- 455 W Front St Unit 2208
- 123 N West St
- 127 N West St
- 224 N Ellis Ave
- 426 Childs St
- 648 Childs St
- 652 Childs St
- 313 N Hale St
- 536 W Evergreen St
- 500 W Evergreen St
- 617 N West St
- 425 W Madison Ave
- 403 W Park Ave
- 612 Aurora Way
- 213 W Park Ave Unit 4
- 122 N Woodlawn St
- 315 E Union Ave
- 100 W Roosevelt Rd
- 2-6 Wheaton Center
- 302 W Liberty Dr Unit 204
- 302 W Liberty Dr Unit 202
- 121 N Cross St
- 702-714 W Roosevelt Rd
- 250 S Naperville Rd
- 1011 N Washington St
- 1111 S Washington St
- 820B Crescent St
- 1107 Campbell Ave
- 1039 College Ave Unit 14W
- 1221 Creekside Dr
- 1001 Eddy Ct
- 855 Johnstown Ln Unit A
- 2019 N Main St
- 1511 E Roosevelt Rd
- 1003 S Blanchard St
- 850 S Lorraine Rd Unit 3L
- 1N008 Mission Ct
- 881 S Lorraine Rd