River Grove Station

2811 Thatcher Avenue, River Grove, IL, 60171, US

Description

Jones Lang LaSalle (“JLL”) is pleased to present River Grove Station (the “Property”), a newly constructed 138-home mid-rise apartment community with ground-floor retail located in prominent River Grove, IL. Built in 2023, River Grove Station features contemporary luxury apartments with top-tier amenities including a fitness center, rooftop terrace, co-working lounge and on-site management office.

The property is located along Thatcher Ave directly across from the Metra Station with direct access to downtown Chicago (Union Station) and easy convenient accessibility to the larger Chicagoland area via I-90, I-290, and I-294. With shopping, entertainment, and transportation nearby, River Grove has become a popular neighborhood for young professionals and families alike.

River Grove Station includes an accretive TIF agreement offering investors a partial reimbursement of their tax bill. The Property is being offered free and clear.

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Attributes

Year built

2023

Number of buildings

Number of units

138

Total Square Footage

11,4347

Occupancy

93%

Media

Investment Highlights

Excellent Design & Construction

Thoughtful Interior Design with High-End Finishes, 9-Foot Ceilings and Modern Features
Quartz countertops, stainless steel appliances, in-unit washer and dryer, custom built-in fireplaces.
Outstanding amenities: fitness center, rooftop terrace, co-working lounge and on-site management office.

Outstanding, Transit-Oriented Location

Directly across from the River Grove Metra Station
Centrally Positioned Near Areas 3 Largest Employment Centers - Chicago CBD, Rosemont/O’Hare, and
Oakbrook/Downers Grove
Minutes from Bricktown Square and Winston Plaza, including Costco, Jewel, Target, Lowes Home Improvement, and Aldi

Strong Submarket Performance: