Orion Parkview _Property for Sale
Orion Parkview _Property for Sale

Orion Parkview

1821 W Golf Rd, Mount Prospect, IL, 60056-4026, US

Description

Jones Lang LaSalle Americas, Inc. (“JLL”), a licensed real estate broker, is pleased to present Orion ParkView (the “Property”), a 477- home garden-style apartment community located in esteemed Mount Prospect, IL. Orion offers a variety of in-demand 1 & 2-bedroom spacious floor plans (807 avg sf). Orion ParkView, built in 1972, has undergone recent major upgrades to common areas and units, addressing historical maintenance needs. With 84% of apartments ripe for renovation, it offers significant value-add potential. This opportunity, combined with organic rent growth driven by strong suburban Chicago market dynamics, makes Orion ParkView an attractive investment.


Orion ParkView’s location on Golf Road offers prime access to nearby retail, top employers in Schaumburg and Rosemont/O’Hare, and excellent public schools in District 214. Vibrant downtown Arlington Heights and Mount Prospect, as well as the greater Chicago metropolitan area, can be enjoyed by all residents. Mount Prospect’s high quality of life, strong economy, and highly-ranked schools, attract well-educated professionals and affluent families. This desirable demographic, combined with the area’s proximity to key employment hubs, ensures a stable and diverse tenant base for the community.


Orion ParkView offers a rare opportunity to achieve scale with significant value-add upside in this dynamic Chicago suburb. This asset is available on a free and clear basis.

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Attributes

Number of units
477
Occupancy
96%
Year built
1972
Building area net
35,761 m²

Media

Investment Highlights

  1. Rare Investment Upside
  2. Significant remaining value-add opportunity (84% of homes)
  3. Remarkably well-maintained property
  4. Brand new clubhouse and resort-style amenities
  5. Stellar Property Performance
  6. 96% Occupied
  7. ~$275 Renovation Premiums
  8. Zero Concessions Offered
  9. Fantastic Submarket Fundamentals
  10. 4.3% 3-Year Projected Average Annual Rent Growth
  11. 95% 3-year Projected Occupancy
  12. Unbeatable Access to Top Employers
  13. Direct access to three employment corridors - Schaumburg, Rosemont/O'Hare, and North DuPage
  14. 10 minutes to Elk Grove Village Industrial Park - the Largest Industrial Park in the United States
  15. Outstanding Area Amenities
  16. Top rated school district: A+ per Niche.com
  17. Minutes from the vibrant downtown areas of Arlington Heights and Mount Prospect
Orion Parkview  4_Property for Sale
Orion Parkview  4_Property for Sale

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Orion Parkview (0 Properties)

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Last updated
Jun 23, 2026