2223 Stonegate Ln

Wheaton, IL 60189
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4 bd, 4 ba | 2,364 sqft | Built in 1982

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List Price
$689,900

Initial Investment

$187,998

Purchase Price

$689,900

Down Payment

25%

Rent

$4,090

Total Return

$19,510

Annualized Return

1.8%

Cap Rate

4.0%

Gross Yield

7.1%

Cash Flow

-$11,630

Appreciation

2.1%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

9,999

HOA

None
Stop looking and book a private showing now-nothing is on the market in this neighborhood or in South Wheaton like this beauty! Located in the highly sought-after Arrowhead neighborhood, this stunning 5-bedroom/3.5 bath home with over 3000 sq ft of living space offers all the city perks with access to a fantastic park district and library. As you pull up, you'll fall in love with the charming curb appeal, featuring a front porch that overlooks the front yard. Inside, the main level welcomes you with hardwood floors and a living room currently used as a home office. The heart of the home is the updated eat-in kitchen, complete with gleaming stainless-steel appliances, including a brand-new 2024 gas oven and range. This space opens seamlessly to a sunlit family room, making it perfect for gatherings. A formal dining room and a convenient mudroom with first-floor laundry complete the main floor. The huge basement is perfect for entertaining, featuring a bedroom and a full bathroom with a shower-ideal for guests! Upstairs, the second floor offers 4 spacious bedrooms with oversized closets. The master suite features an updated bathroom with a beautiful tiled walk-in shower and an expansive master closet-hard to find in this neighborhood at this price point. Step outside to your own serene oasis! The spectacular backyard begins with a charming screened-in porch featuring tiled floors-ideal for morning coffee or evening relaxation. The no-maintenance deck overlooks a private, fenced-in yard, providing an excellent space for entertaining or unwinding in peace. This homeowner has lovingly maintained and updated the home for over 20 years, ensuring no detail has been overlooked. Key updates include a roof tear-off in 2018, new double-hung windows installed in 2010, a new dishwasher in 2023, washer and dryer in 2021, AC in 2015, humidifier in 2022, hot water heater in 2016, and a new deck and railings in 2021. Conveniently located within walking distance to Wiesbrook Elementary and Wheaton Warrenville South High School, this home offers both comfort and accessibility. Don't miss your chance to see this perfect Arrowhead home-act fast before it's gone!

See more in Analysis
Christopher Stjernholm
Trelora Realty, Inc.
AZ Agent License #359852

Annual Financial Highlights

Expected Rent

$46,626

Expenses

-$8,299

Property Taxes

-$12,450

Loan Payments

-$37,507

Net Cash Flow

-$11,630

See more in Financials

Property Characteristics

Buyer's Agent

An experienced local, licensed real estate broker/agent will represent you in this transaction. They will negotiate on your behalf, from your first offer through closing.
  • You can contact your Agent with questions even before making an offer.
  • A professional home inspection will be conducted prior to closing.  This inspection, paid for by Roofstock, will be conducted by a Roofstock-affiliated vendor.  As soon as the report is ready, your Agent will discuss the findings with you and help with any next steps.

Property Management

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From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.

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Listing Courtesy of:Samantha Bauman
Agent License 475170564
Berkshire Hathaway HomeServices Chicago
Certified Agent Brokerage:Christopher Stjernholm
Trelora Realty, Inc.
AZ Brokerage License BR689329000
SourceMidwest Real Estate Data LLC (MRED/MAP/MLSNI)
MLS #12194046
Last Updated: 10/22/2024 13:10
Disclaimer: The accuracy of this information is deemed reliable but not guaranteed or warrantied. All information should be independently verified before making purchase decisions. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The content relating to real estate for sale on this website appears courtesy of the Multiple Listing Service (MLS) listed as the “Source” on this page. Individual listings appear with the permission of the real estate brokerage identified under the “Listing Agent” on this page.