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Whispering Heights 1010 Enclave Blvd 153 Unit Apartment Building For Sale Edwardsville, IL 62025
Investment Highlights
- Stabilized asset with strong demographics of a one-mile $106,084 average household income and a one-mile average home value of $370,484
- Historically limited new multifamily supply in Edwardsville due to zoning constraints and land scarcity
- Demonstrated stable historical occupancy, currently 91.5%
- Close proximity to major employment drivers including Southern Illinois University Edwardsville (SIUE)
- Unit layouts appeal to a diverse renter base
- Conveniently located near several major regional highways, including I-64, I-55, and I-255
Executive Summary
CBRE, as exclusive marketing advisor, is pleased to present Whispering Heights Apartments (the “Property”), a well-located multifamily community situated in Edwardsville, Illinois, within the St. Louis MSA. The Property features a mid-rise layout with a balanced mix of apartment homes designed to appeal to a broad renter profile, offering a suburban residential setting with convenient access to employment, education, and retail amenities. All units feature elegant interiors with upscale finishes, delivering a refined and luxurious living experience.
The community is enhanced by amenities including ample parking, green space, and on-site management and maintenance. Whispering Heights’ steady occupancy profile positions the Property as a workforce and mid-market housing option within one of the Metro East’s most desirable municipalities.
Strategically located in Edwardsville, the Property benefits from proximity to I-270 and Route 159, allowing residents quick access to Downtown St. Louis, major regional employment centers, and surrounding retail corridors. Edwardsville is also home to Southern Illinois University Edwardsville (SIUE), a key demand driver providing long-term rental stability. The area is recognized for its strong demographics, high quality of life, and highly regarded school systems, reinforcing consistent renter demand and future rent growth potential.
With its attractive location, stable operating fundamentals, and opportunity to further enhance interiors and amenities, Whispering Heights Apartments represents a compelling opportunity to acquire a well-positioned multifamily asset with both current income and long-term upside.
Whispering Heights Apartments is being offered on a free and clear basis.
The community is enhanced by amenities including ample parking, green space, and on-site management and maintenance. Whispering Heights’ steady occupancy profile positions the Property as a workforce and mid-market housing option within one of the Metro East’s most desirable municipalities.
Strategically located in Edwardsville, the Property benefits from proximity to I-270 and Route 159, allowing residents quick access to Downtown St. Louis, major regional employment centers, and surrounding retail corridors. Edwardsville is also home to Southern Illinois University Edwardsville (SIUE), a key demand driver providing long-term rental stability. The area is recognized for its strong demographics, high quality of life, and highly regarded school systems, reinforcing consistent renter demand and future rent growth potential.
With its attractive location, stable operating fundamentals, and opportunity to further enhance interiors and amenities, Whispering Heights Apartments represents a compelling opportunity to acquire a well-positioned multifamily asset with both current income and long-term upside.
Whispering Heights Apartments is being offered on a free and clear basis.
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Property Facts
| Sale Type | Investment | Lot Size | 3.58 AC |
| No. Units | 153 | Building Size | 192,115 SF |
| Property Type | Multifamily | Average Occupancy | 92% |
| Property Subtype | Apartment | No. Stories | 6 |
| Apartment Style | Mid-Rise | Year Built | 2020 |
| Building Class | B | ||
| Zoning | B2 | ||
| Sale Type | Investment |
| No. Units | 153 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 3.58 AC |
| Building Size | 192,115 SF |
| Average Occupancy | 92% |
| No. Stories | 6 |
| Year Built | 2020 |
| Zoning | B2 |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Washer/Dryer
- Heating
- Ceiling Fans
- Granite Countertops
- Hardwood Floors
- Refrigerator
- Stainless Steel Appliances
- Tub/Shower
- Views
- Walk-In Closets
- Window Coverings
Site Amenities
- Business Center
- Controlled Access
- Clubhouse
- Fitness Center
- Property Manager on Site
- Breakfast/Coffee Concierge
- Package Service
- Pet Play Area
- Bicycle Storage
- Elevator
- Maintenance on site
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 14 | - | 504 - 540 |
| 1+1 | 91 | - | 576 - 691 |
| 2+2 | 48 | - | 1,068 - 1,079 |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 14-2-15-10-04-401-017 | Improvements Assessment | $3,422,514 CAD |
| Land Assessment | $345,803 CAD | Total Assessment | $3,768,317 CAD |
Property Taxes
Parcel Number
14-2-15-10-04-401-017
Land Assessment
$345,803 CAD
Improvements Assessment
$3,422,514 CAD
Total Assessment
$3,768,317 CAD
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Whispering Heights | 1010 Enclave Blvd
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