416 Crescent Street, Wheaton, IL 60187

Property Description

Excellent Wheaton redevelopment opportunity near downtown, the train station, and Wheaton College. Zoned R-5 Residential, which allows multi-unit development or a single-family home. The existing building is in poor condition and is currently rented as private rooms on a month-to-month basis. The rear/south portion of the lot is within a floodplain, but has ample area to place a new building outside the floodplain. A conceptual site plan is available showing a potential two-unit, two-story building with five parking spaces. The buyer must independently verify zoning, permitted uses, floodplain boundaries, and development feasibility with the City of Wheaton.

Listing Status:

Active

Data Last Updated:

October 9, 2026 at 2:18PM

Listing Office:

Discover Real Estate : 630-667-6020

Listing Agent:

Tom George : 630-667-6020

MLS ID:

12772271

Interior

• Basement: Finished
• A/C: None
• Heating: Natural GasForced Air

Exterior

• Parking: Parking spaces: 0

Location

• Road/Access: AsphaltCity Street
• Originating MLS: mred
• School District: 200
• County: DuPage

Lot

• Zoning: MULTI0516401009
• Current Use: Multi-FamilySingle Family

Utilities

• Utilities: Electric to SiteNatural Gas AvailableSewer ConnectedWater Available

Financial

• Source: mred
• Ownership: Fee Simple