NOT LISTED FOR SALE

505 W Front St Wheaton, IL 60187

Downtown Wheaton Neighborhood

Estimated Value: $1,474,442

Studio
-- Bath
-- Sq Ft
1960 Built

Sale Details

Date Sold: September 5, 2025

Last sale price $1,495,000

Est. 1% decrease in value since last sale

Current estimated payment $9,170 / mo

7 Days on Market

About This Home

As of September 2025

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.

Last Agent to Sell the Property

Samantha Swaney

GC Realty and Development License #475194155 Listed on: 07/08/2025

Last Buyer's Agent

Praseen Nath

Titanium Realty Group License #471020331

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
  • Partially Finished Basement

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,237

Year Built

Built in 1960

Lot Details

0 Sq Ft Lot

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Flats
  • Stories: 2
  • Year Built: 1960
  • Built Before 1978 (Y/N): Yes
  • Information: List Broker Must Accompany,Show-Special Instructions
  • Estimated Age: Older
  • Actual Status: Closed
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Partially Finished
  • Fireplaces: 1
  • Number of Washers: 1
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • Foundation Details: Concrete Perimeter
  • Roof: Composition
  • Roof Structure: Gambrel

Utilities

  • Cooling: Wall Sleeve
  • Heat/Ventilation: Radiant
  • Leased Washer Dryer YN: No

Condo/Co-op/Association

  • Manager Expense: 6247
  • Conversion YN: N
  • Owners Association (Y/N): No

Fee Information

  • Association Fee Includes: None
  • Operating Expense Includes: Maintenance Grounds,Snow Removal,Trash,Utilities,Water/Sewer,Electricity,Gas

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 8712
  • Zoning: MULTI

Rental Info

  • Board Number: 10
  • Tenancy Type: Leases

Multi Family

  • Net Operating Income: 112619
  • Insurance Expense: 4700
  • GrossIncome: 154680
  • Maintenance Expense: 4685
  • NumberOfUnitsTotal: 8
  • OperatingExpense: 43561
  • Type Multi-Family: Flats

Tax Info

  • Tax Annual Amount: 15237
  • Tax Year: 2024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 8, 2025
Closed on
Sep 3, 2025
Sold by
Bright Futures Rental Llc
Bought by
505 W Front Street Llc
Seller's Agent
Samantha Swaney
GC Realty and Development
Buyer's Agent
Praseen Nath
Titanium Realty Group
List Price
$1,600,000
Sold Price
$1,495,000
Premium/Discount to List
-$105,000
-6.56%
Views
23
Current Estimated Value
$1,474,442

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$20,558
Avg. Annual Appreciation
-2.08%
Original Mortgage
$1,046,500
Outstanding Balance
$1,046,500
Interest Rate
6.72%
Mortgage Type
Credit Line Revolving
Estimated Equity
$427,942

Purchase Details

Closed on
Jun 9, 2022
Sold by
Rental Mental Llc
Bought by
Bright Futures Rental Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,200,400
Interest Rate
5.1%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Feb 5, 2021
Sold by
Kasons Properties Inc
Bought by
Rental Mental Llc

Purchase Details

Closed on
Aug 25, 2004
Sold by
505-515 Front St Llc
Bought by
Kasons Properties Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$532,000
Interest Rate
6.1%
Mortgage Type
Commercial

Purchase Details

Closed on
May 15, 2003
Sold by
Grp Wheaton Llc
Bought by
505-515 Front Street Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,040,000
Interest Rate
1.24%
Mortgage Type
Commercial

Purchase Details

Closed on
May 7, 2003
Sold by
Grp Wheaton Llc
Bought by
Grp Pinewood Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,040,000
Interest Rate
1.24%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
505 W Front Street Llc $1,495,000 Chicago Title
Bright Futures Rental Llc $1,500,500 National Title Solutions
Rental Mental Llc $830,000 First American Title
Kasons Properties Inc $750,000 First American Title
505-515 Front Street Llc $637,500 Ctic
505-515 Front Street Llc $637,500 Ctic
Grp Pinewood Llc -- Ctic
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 505 W Front Street Llc $1,046,500
Previous Owner Bright Futures Rental Llc $1,200,400
Previous Owner Kasons Properties Inc $532,000
Previous Owner 505-515 Front Street Llc $1,040,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/05/2025 09/05/25 Sold $1,495,000 -6.6% --
07/15/2025 07/15/25 Pending -- -- --
07/08/2025 07/08/25 For Sale $1,600,000 -- --
Source: Midwest Real Estate Data (MRED)

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 $16,230 $251,816 $86,499 $165,317
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
Source: Public Records

Agents Affiliated with this Home

  • Samantha Swaney

    Seller's Agent in 2025

    Samantha Swaney

    GC Realty and Development

    (630) 532-8747

    2 in this area

    124 Total Sales

    Samantha Swaney
    Section Image

  • P

    Buyer's Agent in 2025

    Praseen Nath

    Titanium Realty Group

    (630) 229-9008

    1 in this area

    52 Total Sales

    Praseen Nath
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12413802

Midwest Real Estate Data (MRED)

APN: 05-17-403-015

Illinois DuPage County Wheaton 60187 Downtown Wheaton

505 W Front St, Wheaton, IL

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.

Midwest Real Estate Data (MRED) 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.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID

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