1440 Stonebridge Cir Unit J12 · Wheaton, IL 60189

$212,000

2 bd · 1.0 ba · 994 sqft · Condo public records · 3 Days on market

Built 1985 $375/mo HOA · 17% of rent

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Why this score? — see what drove the D grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +12.0/30.0
• ARV discount +7.5/15.0
• 1% rule +5.7/10.0
• Livability +4.3/5.0
• Schools +4.1/10.0
• DSCR +3.6/10.0
• Rent growth +3.3/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Discover an incredible opportunity to own in one of Wheaton's most desirable communities! This charming 2-bedroom, 1-bath corner-unit condo offers comfortable, low-maintenance living with the conveniences today's buyers seek, including a spacious in-unit laundry room and generous closet space. Whether you're a first-time buyer, downsizing, or seeking an investment opportunity, this home provides exceptional value in an unbeatable location. Located within highly regarded Wheaton District 200, residents benefit from sought-after schools, including Madison Elementary, Edison Middle School, and Wheaton Warrenville South High School. Enjoy being just minutes from renowned Cantigny Park, featurin

Key facts

• Added privacy
• Sought after schools
• In unit laundry room

Tags

• IN UNIT LAUNDRY ROOM
• GENEROUS CLOSET SPACE
• SOUGHT AFTER SCHOOLS
• MINUTES FROM CANTIGNY PARK
• THIRD FLOOR END UNIT
• ADDED PRIVACY

Property features AI

Finance

• Other: School bus service available; Subdivision: Drake Terrace; Directions: East of County Farm Rd and south of Stonebridge Trail
• Financial info: Special Service Area: No
• HOA & community: Monthly association fee of $375; Association fee includes water, insurance, exterior maintenance, lawn care, trash (scavenger), snow removal and other services; Manager off-site; Pets allowed (cats and dogs; max pet weight ~99 lbs)

Exterior

• Parking: Assigned parking (1 space); Guest parking; Owned parking
• Utilities: Water from Lake Michigan; Public sewer
• Home design: Attached single (condo); End unit; Entry level 3; Managed property in a 12-unit building
• Construction: Brick and cedar construction; Built approximately 41-50 years ago; Not rebuilt or rehabilitated
• Exterior features: Balcony; Common lot (shared/common grounds)

Interior

• Kitchen: Kitchen on main level (approximately 11 x 8)
• Bedrooms: Master bedroom on main level (approximately 14 x 11); Second bedroom on main level (approximately 11 x 11)
• Flooring: Carpet
• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air heating; Central air conditioning
• Interior features: Separate dining room; Drapes; Ceiling fan(s)
• Laundry & utility: In-unit laundry with washer hookup (laundry room on main level, approximately 5 x 7)

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath condo listed at $212k.

Deal economics

• At list price, monthly cash flow is $-49 ($-584/yr) — negative.
• To cash-flow at today's rent, offer at most $203k (4.1% below list).
• Meets the 1% rule at list price ($2k rent vs $212k).
• Recommended offer: $203k (4.1% below list) — sets the bar for cash-flow.
• Cap rate 6.0% vs local median 3.7% in Wheaton — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 86/100 on livability (#17 in IL, #374 nationally) — a professional / high-income tenant draw. Strengths: crime A+, commute A+, employment A+; Watch: amenities D+, health & safety D+, cost of living F.
• CUSD 200 (suburban): math 43% / reading 44% proficiency, ranked #78 of 620 in IL (top 13%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Madison Elem School (math 47% / reading 42%, grade F, #267 of 2,056 statewide, top 15%, 359 students, 0% FRL); Edison Middle School (math 33% / reading 42%, grade F, #165 of 665 statewide, top 25%, 674 students, 0% FRL); Wheaton Warrenville South H S (math 41% / reading 48%, grade F, #62 of 693 statewide, top 10%, 1,845 students, 0% FRL) — zoned schools average 0% FRL vs 23% district-wide (23 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: Rents rising (+3.4%/yr); 53 active listings in the ZIP; high-income renter base; 1,378 units permitted in DuPage County in 2024 (594 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.

Negotiation context

• Only 3 days on market — expect competitive offers; lowballing is unlikely to land.
• Current owner paid $133k; list at $212k implies a 59% gain — meaningful room to come down on a strong offer.

Recommended offer $203,396 (4.1% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
6. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
7. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
8. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
9. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.07% ✓
• Cap rate: 6.02%
• Cash-on-cash: -0.98%
• DSCR: 0.96
• GRM: 7.8

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 3.35% rent growth · sell at horizon

5-year hold

• IRR: -17.3%
• Equity multiple: 0.39×
• Total profit: $-36,391
• Equity at exit: $31,610

10-year hold

• IRR: -8.2%
• Equity multiple: 0.47×
• Total profit: $-31,303
• Equity at exit: $18,330

Cash invested: $59,360 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 43 Moderately Tenant-Leaning
• State Illinois: 43 Moderately Tenant-Leaning · D+7
• County: — inherits STATE
• City: — inherits STATE

Chicago RTLO is among the strongest tenant ordinances in the Midwest; downstate is more landlord-friendly.

Methodology + full state rankings →

ZIP-level market 60189

• Rents YoY: 3.4%
• Active inventory: 53
• Price-to-rent: 7.8×

Monthly cashflow live

• Estimated rent: $2,266 medium
• Mortgage (P&I): −$1,112
• Tax from tax record: −$263 /mo · $3,161/yr
• Insurance: −$88
• HOA: −$375
• Vacancy / Maint / Mgmt: −$476
• Net cashflow: $-49

Break-even live

Break-even rent $2,327

Max offer price $203,396

Occupancy floor 97%

Sensitivity live

Price	-10% $71	-5% $11	+0% $-49	+5% $-109	+10% $-169
Rent	-10% $-228	-5% $-138	+0% $-49	+5% $41	+10% $130
Rate	-1.0pp $58	-0.5pp $5	base $-49	+0.5pp $-104	+1.0pp $-160

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $53,000
• Closing costs: $6,360
• Reserves months: —
• Total cash needed: —

HOA detail condo

• Monthly dues: $375 · $4,500/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 3 events

1. 2026-06-21
   days on market $212,000 Active 3 DOM
2. 2026-06-18
   remarks 699-char remark
3. 2026-06-18
   listed $212,000 Active 1 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast IL · Partial reset (capped growth)

• Current annual tax: $3,161 · $263/mo
• Projected year-2 tax: $3,987 · $332/mo
• Expected delta: +$825/yr (+$69/mo · 26.1%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥104°F today · 14 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 3/10 Moderate 4 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $27,187
• − Mortgage interest: −$11,875
• − Property taxes: −$3,161
• − Insurance: −$1,060
• − Repairs & maintenance: −$2,175
• − Management: −$2,175
• − HOA: −$4,500
• − Depreciation: −$6,167
• Taxable loss: −$3,927
• Est. tax savings @ 24.0%: +$942
• After-tax cash flow: $358/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: CUSD 200
• NCES district ID: 1742180
• Math proficiency: 43% ▼ -6.00%
• Reading proficiency: 44% ▼ -8.00%
• Median HH income: $85,077
• Composite: 40.75/100
• National rank: #3653
• State rank: #78 of 620 in IL

Livability — Wheaton

• Score: 86/100
• State rank: #17
• US rank: #374

Category grades

Amenities D+ Commute A+ Cost of living F Crime A+ Employment A+ Housing A+ Health & safety D+ User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Wheaton, IL
• County: DuPage County · 904,569 people
• City population: 59,857
• Metro: Chicago-Naperville-Elgin, IL-IN-WI
• Population (ZIP): 31,042
• Household income: $128,878
• Rent vs Own: 22.2% rent · 77.8% own
• Severe rent burden: 484.0

Population outlook (DuPage County) Hauer SSP2

• Today (2025): 960,187 people
• By 2030: 965,850 · +0.6%
• By 2040: 965,812 · +0.6%
• By 2050: 954,890 · -0.6%
• By 2075: 910,185 · -5.2%
• By 2100: 816,255 · -15.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (80%)
• Race & ethnicity: White 80% Two or more races 8% Hispanic / Latino 7% Asian 5% Black 3%
• Hispanic origin (detail): Mexican 5%
• Common ancestry: Romanian 10% Italian 3% Slovak 2%
• Foreign-born: 11% · Canada, Philippines, China
• Languages at home: 86% English-only · Spanish 4% Other Indo-European 3% Russian/Polish/Slavic 2%

Political lean MEDSL · DuPage

• 2024 margin: D (+13.3) · D 55.9% · R 42.5% · Other 1.6%
• 2008→2024 swing: +2.5pp toward D · 2008: 10.8pp · 2024: 13.3pp
• All cycles: 2024: D+13.3 2020: D+18.1 2016: D+14.1 2012: D+1.0 2008: D+10.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -254.37%
• Current HPI: 212.2464
• Rent YoY: ▲ 3.35%
• Metro: Chicago-Naperville-Elgin, IL-IN-WI
• State GDP YoY: ▲ 1.59%
• F500 in state: 60

Industry mix (Fortune 500 HQ in IL)

Industry	F500 HQs	Revenue
▸Insurance	4	$201B
▸Consumer Goods	4	$87B
▸Industrial Machinery	3	$64B
▸Healthcare	2	$55B
▸Retail / Pharmacy	1	$148B
▸Agriculture / Food	1	$86B

Price history

+211.8% since first listed

6 events — show timeline

• 2026-06-18 Listed $212,000 MRED as Distributed by MLS Grid
• 2005-10-04 Sold (Public Records) $133,000 Public Records
• 2003-09-23 Sold (Public Records) $115,500 Public Records
• 2002-01-14 Sold (Public Records) $94,000 Public Records
• 1998-06-10 Sold (Public Records) $74,500 Public Records
• 1996-06-03 Sold (Public Records) $68,000 Public Records

Property tax history

+1.9%/yr

Latest (2024): $3,161 · +3.6% YoY. Source: county tax records.