Interra Realty is pleased to present the Lorraine Court Apartments located in Wheaton, Illinois, for sale. The subject investment opportunity consists of (44) units with off-street parking and common laundry in DuPage County. The Lorraine Court Apartments are well located approximately (25) miles West of the
Downtown Chicago Loop and served by highly regarded Wheaton School District 200. This location is near a commercial corridor along Roosevelt Road featuring abundant retail, grocery, and dining amenities. Transportation options include a Pace Bus stop in front of the building, convenient access to
Interstates I-88 and I-355, and the Metra Rail College Avenue Wheaton train station approximately (1) mile north of the property.

The unit mix comprises (20) one bedroom / one bathroom units and (24) two bedroom / one and a half bathroom units. The units are spacious and in good condition with private balcony or patio access. The units are heated via radiant heat and cooled with industrial sleeve A/C units. The buildings are flexicore
and brick construction and have (2) boilers and (2) hot water tanks per building. Laundry facilities and surface parking are available for residents.

The Lorraine Court Apartments is being offered with attractive, assumable financing. The Chase loan is fixed at 3.91% with a balance of ~$3,250,000 until June 2027.