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Wheaton 60187
705 N Wheaton Avenue
$3,000,000
● House - Off Market

705 N Wheaton Avenue

Wheaton, IL 60187
bedrooms
5 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
4,952 Ft²
$18,050
Est. Monthly
0.12%
Cap Rate

About This Property

Custom-built by renowned builder Patrick J. Murphy and designed by a highly regarded, local interior decorator, this home blends timeless East Coast style with everyday comfort. Just blocks from vibrant downtown Wheaton, charming shops, restaurants, and beautiful parks, it offers the perfect balance of sophistication and convenience.
Unit Size
4,952 Ft²
Days on Market
-
Land Size
0.38 acres
Price per sqft
$606
Property Type
House
Property Taxes
$3,324
HOA Dues
-
Year Built
2016

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2016
  • Effective Year Built: 2016
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 28
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 2,597
  • Garage Type: 4
  • Garage Square Area: 779
  • Parking Space Count: 2
  • Patio Type: 59
  • Porch Type: 102
  • Pool Type: 0
  • Location Influence Type: 82

    Dimensions

  • Lot Size Square Feet: 16,553
  • Lot Size Depth Feet: 165
  • Lot Size Frontage Feet: 100
  • Total Building Area: 7,549
  • Gross Building Area: 7,549
  • Building Area: 7,549
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 0
  • Heated Square Feet: 7,549
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MALLORYS ADD
  • Land Acres: 0000000380
  • Standard Land Use Code: 1001
  • County Land Use Code: R
  • Legal Description 1: MALLORYS ADD S 100 FT OF W 165 FT

Neighborhood

  • School District Name: Community Unit School District 200
  • School Tax School District: DISTRICT 200
  • Census Tract: 842500

Zoning

  • Zoning: R

Geography

  • Assessors Map Reference: 3024-C6
  • Parcel: 05-16-106-004
  • Block: 7
  • Municipality: MILTON
  • Latitude: 41.8714
  • Longitude: -88.1093

    Address

  • Full Address: 705 N Wheaton Ave
  • Address - House Number: 705
  • Street Direction: N
  • Address - Street Name: Wheaton
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Wheaton
  • Carrier Code: C004
  • 4-Digit Zip Code: 4134
  • Zip Code: 60187

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $3,735,354
  • Tax Rate Code Area: 5012

    Appraisal Valuation

  • Standard Deviation: 0.1571
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 80
  • Final Value: 1,562,447
  • High Value: 1,808,042
  • Low Value: 1,316,852

    Market Valuation

  • Market Total Value: $1,636,110
  • Market Land Value: $174,270
  • Market Improvement Value: $1,461,840

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $545,370
  • Assessed Land Value: $58,090
  • Assessed Improvements Value: $487,280

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 16, 2013
  • Current Sale Recording Date: Jul 26, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: R2013-108841

    Financing

  • First Mortgage Financing Type: UNK
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Wheaton

Stats & Trends

Median Asking:

$474,900

Sale Price/ft²

$276

Below Asking

0.01%

Average Days on Market

37

Average Home Size

1790 ft²

Average Home Age

56.5 years

Currently For Sale

75 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

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MRED

Listed by: Julie Schwager, @properties Christie's International Real Estate
Data Source: MRED, MLS# MRD12475609
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 listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 705 North Wheaton Avenue built and last sold?
The property at 705 North Wheaton Avenue was built in 2016 and last sold on Jul 16, 2013 for $540,000.
How much is this home worth?
The estimated value of the home located at 705 North Wheaton Avenue is $3,028,990.
What are some comparable homes to 705 North Wheaton Avenue?
There are currently no comparable homes to 705 North Wheaton Avenue.
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