Jones Lang Lasalle Americas (Illinois), L.P. “JLL” is pleased to present Avant at the Arboretum, an exceptional 310-home mid-rise community located in the vibrant suburb of Lisle, IL. This extremely well-built apartment community complete with structured parking offers an investor the opportunity to modernize unit interiors via a light value-add renovation program. While the property provides residents many highly sought-after resort-style amenities, it also provides an investor the ability to expand the overall offering.
Avant at the Arboretum is perfectly situated along I-88 near I-355 with convenient access to Chicago’s employment centers including 70M+ SF of industrial/Fortune 1000 employers, ranked schools, and top healthcare providers. The property’s proximity to Downtown Lisle and Naperville (#1 Best Cities to Raise a Family in America) allows for convenient express Metra train line commuting, unbeatable shopping, entertainment, and dining.
This opportunity is available on an all-cash basis.
Ideal Investment Profile
- Real Estate Tax Clarity - DuPage County (Not Cook County)
- Superior Construction - Pre-Cast Concrete Construction & 100% Copper Piping
- Value-Add Opportunity (Target Premiums of $150 indicating Significant Income Upside)
- Minimal Deferred Maintenance - ~$2.5M of Capex spent since 2018
Premier DuPage County Location
- Proximity to Top Ranked Education, Hospitals, and Fortune 1000 Employers
- Immediate Access to I-88 and I-355 Employment/R&D/Tech Corridor
- Nearby Downtown Lisle & Naperville Offering An Abundance of Retail, Dining, & Entertainment
- Available At a Discount to Replacement Cost and on an all-cash basis
Desirable Submarket Projection
- 4.9% - 3 Yr. Average Projected Rent Growth
- 95% - 5 YR. Average Projected Occupancy
- Muted Projected Supply Pipeline
- Zero Properties Under Construction Within a 3-Mile Radius
Premier Living Experience
- Spacious Living Space & Large Average Unit Size - 920 SF
- Expansive In-Demand Community Amenities