Inland Real Estate Acquisition has successfully acquired Wheaton 121, a multifamily property located in the Chicago suburb of Wheaton, Illinois. The transaction was completed by Mark Cosenza, senior vice president of Inland Acquisitions and Brett Smith, VP and associate counsel of The Inland Real Estate Group’s Law Department on behalf of an affiliate. At the time of closing, Wheaton 121 had an impressive occupancy rate of 94%.
Situated at 121 North Cross Street, this property boasts a total unit countof306 with a mix consisting offive studios,
217 one-bedroom units,
80 two-bedroom units,andfour three-bedroom units. According to Cosenza,”Wheaton 121 is another prime exampleofthe type
of multifamily opportunities that Inland actively seeks out.” He also noted that this community offers residents numerous amenities and convenient access to surrounding suburbs as well as downtown Chicago.
Located just steps away from downtown Wheaton,the property provides easy access to public transportation via the Metra train stationand nearby dining and entertainment options within the city’s vibrant district.Additionally,this location is in close proximityto popular retailers such as Targetand Mariano’sas well asthe Northwestern Rehab Hospital.
Overall,this acquisition further solidifies Inland’s commitmentto investingin high-quality multifamily propertiesin desirable locations for its investors.
