The Brixen

Jones Lang LaSalle (“JLL”) is pleased to present The Brixen, a 165-apartment home community located in the prominent Montclare submarket of Chicago, Illinois. The property includes fourteen masonry construction, walk-up style buildings with condo quality finishes, including central heat and air conditioning, in-unit washers and dryers, modern appliance packages, granite countertops, and nine-foot ceilings.

All apartments are 2-bedroom, 2-bathroom with an average of 1,266 square feet. The property features 183 parking spaces, which includes 24 garage spaces and 159 surface parking spaces. The Brixen includes only ten affordable (ARO) units, or 6% which is less than a third of what would typically be required today for new construction rentals in Chicago. Additionally, The Brixen offers investors an ideal opportunity to increase rents through a light value-add renovation program.

Investors will also have the opportunity to assume the existing 3.54% fixed-rate loan, which expires 12/01/2031.