Terrabrook at Prairie Ridge_Property for Sale
Terrabrook at Prairie Ridge_Property for Sale
179 Terrabrook Way, Hampshire, IL, 60140, US

Terrabrook at Prairie Ridge

Asset Description

Jones Lang LaSalle Americas (Illinois), L.P. (“JLL”) is delighted to introduce Terrabrook at Prairie Ridge, a brand new 80-unit Build-to-Rent community located in Hampshire, a fast-developing northwest suburb of Chicago. Terrabrook at Prairie Ridge offers 80 spacious 3-and 4-bedroom luxury homes, featuring attached 2-car garages, representing the latest in build-to-rent developments built by the nation’s largest homebuilder. The property has experienced a rapid lease up with 3 net leases over the last 17 weeks and is now 60% occupied and 76% leased as of 06/10/2024.

Terrabrook at Prairie Ridge is strategically located just south of I-90 and nearby Big Timber Metra station providing excellent access to the greater Chicagoland area and local amenities. Residents at Terrabrook are served by the highly rated School District No. 300 which features an “A-” rating from Niche.com. Residents are also less than 10 minutes from Hampshire High School. Since 2010, Hampshire has experienced 25%+ population growth and is continuing to grow. The atmosphere, scenic surroundings, convenient access to nearby employment corridors, and range of amenities make Hampshire a sought-after, up-and-coming community.

Terrabrook at Prairie Ridge offers investors an exceptional opportunity to acquire a new Build-to-Rent asset in one of Chicago’s fastest growing suburbs. This unbeatable opportunity is available on a free and clear basis.



Year built
Land area gross
5.02 ha
Number of units
80 units


Investment Highlights

Best-In-Class, Institutional Quality Construction

Zoned To Highly Rated School District No. 300

-"A-" Rating From Niche.com

Strong Surrounding Demographics

-$130,000 Average Household Income

(Within a 3-Mile Radius)

Differentiated Product Type

-Expertly constructed 3 and 4 bedroom smart homes by the nation's largest homebuilder, DR Horton

Significant Discount To Equivalent Home Ownership

-15% Cheaper to Rent Than Purchase ~$330k Home

Premier Location With Surrounding Demand Drivers

-Proximate to Retail, Parks, and Entertainment

-25%+ Population Growth Since 2010

Strong Lease Up Performance Proving Rental Home Demand

-Projected to Lease Up in Coming Month

-Property Averaged 3 Net Leasese For The Last 17 Weeks

Limited Nearby SFR Supply Pipeline

Terrabrook at Prairie Ridge 4_Property for Sale
Terrabrook at Prairie Ridge 4_Property for Sale

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Terrabrook at Prairie Ridge (0 Properties)

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Last updated
12 Jun 2024