Cypress Place
975 Jefferson Square, Elk Grove Village, IL, 60007-4041, US
192 Einheiten
Beschreibung
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.
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Eigenschaften
Anzahl der Einheiten
165
Medien
Investment-Highlights
- Fantastic Property Performance
- 98% Occupancy
- No Concessions Offered
- 9.4% Lease Tradeouts on New Leases
- Strong Submarket Performance
- 3.6% Projected 3-Year Effective Rent Growth
- 96% 5-Year Projected Average Occupancy
- Zero Properties Under Construction within a 4-Mile Radius
- Spacious, Modern Homes
- 100% 2 Bed 2 Bath Units- Avg 1,266 SF
- Spacious Open Floor Plans
- In-Unit Washer-Dryers
- Transit-Oriented Location
- Easy Access to I-290, I-294, and O’Hare International Airport
- Across the Street from in Demand Retail - Target, Starbucks, Chipotle & More
- Centrally positioned near 3 largest employment centers - Chicago CBD, Rosemont/O’Hare, and Oakbrook/Downers Grove
Ihre Ansprechpartner
The Brixen (0 Objekte)
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Zuletzt aktualisiert
30. Sept. 2025
