The Scott Residences_Immobilie zu verkaufen
The Scott Residences_Immobilie zu verkaufen
211 W Scott St, Chicago, IL, 60610-0748, US

The Scott Residences

Objektbeschreibung

JLL, as exclusive advisor, is delighted to present The Scott Residences, a 71- home boutique apartment community in Chicago’s beloved neighborhood, Old Town. With an impressive Walk Score of 99, residents experience an exceptional live-work-play lifestyle with direct access to major employers. Developed by the esteemed JDL Development and Harlem Irving Companies in 2014, The Scott Residences offers a range of floor plans, from studios to three bedroom units. Currently, the property maintains an impressive occupancy rate of 96%, with all retail space fully leased.


The Scott Residences’ spacious units boast condo-quality finishes and elegant amenities, including newly renovated resident lounges on both the 6th floor and adjacent to the lobby, along with a professionally landscaped roof terrace. With an average household income of over $191,000, these renters-by-choice are drawn to the unparalleled convenience of Old Town. Just steps away are a plethora of high-quality dining options, grocery stores, lively bars, and popular fitness options. The 100% market-rate apartments provide an exceptional investment opportunity in the highly sought-after Old Town neighborhood. For all inquiries about this asset, please contact Jones Lang LaSalle Americas.

...

Eigenschaften

Baujahr
2014
Anzahl der Einheiten
71
Anzahl der Etagen
6
Vermietungsstand
97 %
Parkplätze
71
Ausschreibung
19.11.2024

Medien

Investment-Highlights

Ideal Investment Profile

  • Robust trade-outs:
  • New Leases: 5.3 % (August 2024 YTD)
  • Renewals: 3.6% 2024 (August 2024 YTD)
  • 95% average occupancy since 2016
  • 100% market rate apartments
  • 100% occupied on-site amenity retail
  • Ideal bite-size investment at 71 homes


In The Heart of Old Town

  • Walk-to-everything location (99 Walk Score)
  • Convenient access to top employers via CTA train, bus lines, and easy access to I-90 & Lake Shore Drive
  • Steps to Wells Street’s stellar restaurants, retail, recreation, and entertainment.
  • Old Town ranked #4 Best Neighborhood to live in Chicago (Niche, 2024)


Superb Demographics

  • Low rent-to-income ratio at 19%, paving the way for future rent growth
  • Average Household Income:
  • The Scott Residences: $191,499
  • Old Town submarket: $180,628
  • Chicago is the #3 destination for 2024 graduates
  • Average resident age of 35


Boutique Luxury Asset

  • Developed by JDL and Harlem Irving Companies
  • Condo-quality finishes
  • Spacious unit sizes & unique floorplan optionality
  • Outstanding amenity package:
  • Rooftop deck with firepit and grilling station
  • Private dog run
  • State-of-the-art fitness center
  • Newly renovated club lounge with kitchen
The Scott Residences 4_Immobilie zu verkaufen
The Scott Residences 4_Immobilie zu verkaufen

Makler kontaktieren

The Scott Residences (0 Objekte)
Haben Sie Fragen zu diesem Thema? Besuchen Sie unsere FAQ.
FAQ anzeigenArrow Right
JLL kann Sie bei der Finanzierung und Verwaltung Ihres Portfolios unterstützen. Kontaktieren Sie uns noch heute, damit wir gemeinsam Ihre Ambitionen verwirklichen können.
Zuletzt aktualisiert
4. Nov. 2024