COLLEGE AVENUE APARTMENTS
Multifamily | Value Add | 9 Units
Marketing description
Triad is pleased to present 921 & 933 N College Ave, a rare multifamily investment opportunity in the heart of Wheaton, IL. The offering consists of two well-maintained buildings totaling nine apartment units, including eight spacious two-bedroom residences and one fully renovated three-bedroom unit updated in 2026. Located within walking distance of downtown Wheaton, the train station, shopping, dining, and Wheaton College, the property benefits from a highly desirable residential setting and strong tenant demand. With separately metered utilities, garage and surface parking, on-site laundry income, and additional upside through future unit renovations and potential reconfiguration of surplus space, the asset presents investors with a compelling opportunity for both stable cash flow and long-term value creation.
Investment highlights
- 921 & 933 N College Ave in Wheaton present a rare multifamily investment opportunity featuring two well-maintained buildings with a total of nine apartment units
- The unit mix includes eight spacious 2-bedroom, 1-bath residences and one fully renovated 3-bedroom, 2-bath unit, thoughtfully updated in 2026 with modern finishes and improvements
- The apartments have been consistently upgraded over the years, offering a variety of interior finishes and strong tenant appeal
- Each unit is separately metered, with tenants responsible for their own gas and electric utilities
- Heating is provided through individual boiler baseboard systems, allowing for efficient and independent climate control
- The buildings boast two laundry rooms which generate additional income
- The property also offers desirable amenities including ample storage space, garage parking, additional guest lot parking, and a large shared yard that enhances the residential setting
- Conveniently located in a highly sought-after area of Wheaton walking distance to the college, train station, restaurants and shopping in downtown Wheaton
- This asset offers stable in-place rental income with significant long-term value-add potential through continued cosmetic renovations and unit upgrades as apartments turn over
- The property features surplus communal space that may present an opportunity for future income enhancement, including the potential to incorporate the space into an existing unit or, subject to zoning approval, create an additional apartment unit
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