Elmhurst 255 Apartments _Property for Sale
Elmhurst 255 Apartments _Property for Sale

Elmhurst 255 Apartments

255 North Addison Avenue, Elmhurst, IL, 60126, US

Description

Jones Lang LaSalle Americas (Illinois) L.P. (JLL) is pleased to present Elmhurst 255, a 192-unit multi-housing community strategically positioned in the heart of vibrant downtown Elmhurst, a premier western suburb of Chicago in DuPage County.


With an exceptional Walk Score of 91, Elmhurst 255 exemplifies true walkability, placing residents in the center of the downtown's thriving restaurants, grocery stores, shopping, fitness centers, and entertainment options. The community's prime location on York Road provides unparalleled access to Elmhurst's bustling downtown core, where daily necessities and leisure activities are all within walking distance.


Developed through a public-private partnership and maintained under original developer ownership, Elmhurst 255 includes an attached parking garage that provides 321 dedicated climate-controlled parking spaces for use by the Property's residents (available for rent, located in the basement and second floor) and an additional 150 parking spaces for public use (on the 1st floor). Elmhurst 255 offers spacious floor plans with ample storage and a comprehensive collection of modern amenities including a resort-style heated pool & outdoor courtyard, club room, movie theater, fully-equipped fitness center, climate-controlled parking garage, car wash, and EV charging stations.


Elmhurst 255's phenomenal location grants residents unrivaled access to the best of Elmhurst and its surroundings. With quick commutes to downtown Chicago via the Metra service located just three blocks away, Elmhurst is an idyllic DuPage County suburb known for top-rated schools, beautiful greenery, and the popular Illinois Prairie Path. Close proximity to major employment centers streamlines commuting, while abundant outdoor recreational opportunities invite residents to explore and appreciate the region's natural beauty. This community provides the perfect blend of comfort, convenience, and vibrant urban-suburban living.

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Attributes

Year built
2016
Number of units
192
Parking spaces
321

Media

Investment Highlights

  1. INCREDIBLE INVESTMENT PROFILE
  2. 192-units with ideal mix of 95% 1- and 2-bedroom apartments
  3. Sticky residential tenants with 68% retention rate
  4. 100% market rate apartments
  5. 100% occupied on-site amenity retail with original tenants
  6. Light value-add upside with custom closet build-outs, upgraded lighting, framed mirrors, and amenity improvements like co-working spaces & community room redesign


  1. UNBEATABLE DOWNTOWN ELMHURST LOCATION
  2. Located in the heart of downtown Elmhurst
  3. Incredible 91 walk score
  4. 5 minute walk to Metra commuter train station - with express train to Downtown Chicago
  5. Close proximity to I-88, I-355, I-290, and I-294


  1. FULL SERVICE AMENITY PACKAGE
  2. Resort style pool with sundeck
  3. Fully-equipped fitness center
  4. Outdoor courtyard with landscaped greenery, grilling stations, fire pits & bocce ball court
  5. Club room, media and theater room, dog wash & co-working center
  6. Indoor, heated parking w/ dedicated EV charging spaces & car wash


  1. ROBUST MARKET FUNDAMENTALS
  2. 3%+ projected average effective rent growth in the next 5 years
  3. 95% projected average occupancy
  4. No new multifamily supply under-construction in the Elmhurst submarket
  5. Only 4 projects delivered in downtown Elmhurst since 2016
Elmhurst 255 Apartments  4_Property for Sale
Elmhurst 255 Apartments  4_Property for Sale

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Last updated
5 May 2026