Terrabrook at Prairie Ridge
179 Terrabrook Way, Hampshire, IL, 60140, US
80 units
Jones Lang LaSalle Americas (Illinois), L.P. (JLL) is pleased to present ReNew Downers Grove (“The Property”), a premier 294-home apartment community located in Chicago’s ideallypositioned western suburb, Downers Grove. Built in 2009, the property consists of various layouts including studios, one-bedrooms, and a mix of two-bedroom apartments and townhomes. ReNew Downers Grove boasts an average unit size of 1,003 SF and a full amenity package. With only heavy turns completed on a majority of the units, the property offers an investor an opportunity to modernize interiors via a 100% value-add renovation program.
Located only 20 miles from Downtown Chicago, ReNew Downers Grove is situated in a prime location adjacent to I-355 and Butterfield Road. Residents can enjoy the bustling nearby dining, retail, and recreation scene while benefiting from easy access to suburban and downtown employment. Downers Grove seamlessly blends urban convenience with the tranquility of the suburban surroundings, offering the ideal combination for students, young professionals and families alike. This incredible investment opportunity is available free and clear or via assuming the existing loan (4.38% fixed rate, 48 months remaining).
Exceptional DuPage County Location
Unparalleled Investment Opportunity
Ideal Property Features
High Barrier-to-Entry Submarket (Southeast DuPage County)