Iron Gate Apartments — Sale in Glen Ellyn, IL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Glen Ellyn, IL 60137

Photos

Iron Gate Apartments — Sale in Glen Ellyn, IL, photo 1 of 2
Iron Gate Apartments — Sale in Glen Ellyn, IL, photo 2 of 2

Description

Marcus & Millichap has been selected to exclusively market for sale Iron Gate Apartments, a 180-unit multifamily property in Glen Ellyn, Illinois. This investment offers an investor the opportunity to acquire a well-maintained, mostly renovated asset with numerous capital improvements, upside potential in rents, and a desirable DuPage County location. Investment Highlights: • $3,870,000 in Recent Capital Improvements • Amenities Include Swimming Pool, Playground, Courtyard, On- Site Laundry Facility, Bike Racks, and Ample Off-Street Parking • Approximately 95% of Units are Remodeled with New Flooring, Stainless Steel Appliances, and Granite Countertops • Attractive Assumable Debt with 3.15% Interest Rate, 30 Year Amortization with Six Years Remaining and Potential to Add a Supplemental Loan • Desirable DuPage County Location • Two Miles to Downtown Glen Ellyn, Offering Local Dining and Shopping, and the Metra Station • Served by Glenbard South High School, Ranked #42 in Illinois by U.S. News & World Report • Median Household Income within One Mile is $110,221

Market Context

This multifamily in Glen Ellyn, IL is listed for sale. Compare it against other multifamily listings for sale in Glen Ellyn, IL — view the full market.

As of Q1 2026, the Chicago multifamily market showed average asking rents near $2018.50/unit/mo, and rents up 3.1% year over year. Source: multiple brokerage reports, Q1 2026.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

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