The Grove on Grand + The Grand Elm

Various locations

Description

Jones Lang LaSalle Americas (Illinois), L.P. (JLL), is pleased to present The Grove on Grand (48) and The Grand Elm (12), two premier apartment communities strategically located in River Grove and Elmwood Park, 1.5 miles apart. Combined, these assets include a total of 60 units, all spacious two-bedroom residences averaging ~1,100 square feet. Both properties are located along Grand Avenue, providing easy access to local amenities and the larger Chicagoland area via I-90, I-290, and I-294. With convenient shopping, entertainment, and transportation nearby, River Grove and Elmwood Park have become popular neighborhoods for young professionals and families alike.

The Grove on Grand and The Grand Elm are being offered free and clear, with the flexibility to acquire as a portfolio or individually. Opportunity to purchase newer luxury rentals below replacement cost.

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Attributes

Units

Floors

Occupancy

95%

The Grove on Grand + The Grand Elm (2 Properties)

Media

Investment highlights

Excellent Design & Construction

Thoughtful Interior Design with High-End Finishes, 9-Foot Ceilings and Modern Features
100% 2 Bed 2 Bath Floor Plans - Avg SF of ~1,100
1 to 1 Parking Ratio

Outstanding, Transit-Oriented Location

Centrally Positioned And Convenient to the Three Largest Employment Centers In The Metropolitan Area Chicago CBD, Rosemont/O’Hare, and Oakbrook/Downers Grove
Immediate Access to River Grove and Elmwood Park Metra Stations
Minutes from Bricktown Square and Winston Plaza, including shops such as Costco, Jewel, Target, Lowe’s Home Improvement, and Aldi

Strong Submarket Performance: