Hampton In Highland_Property for Sale
Hampton In Highland_Property for Sale
2300 Azalea Dr, Highland, IN, 46322-2409, US

Hampton In Highland

Asset Description

Jones Lang LaSalle Americas, Inc. (“JLL”), a licensed real estate broker is pleased to present Hampton in Highland Apartment Homes, a 455-unit garden-style apartment community located in charming Highland, Indiana. Just 30 miles southeast of Chicago, Highland is a vibrant midwestern town known as a hub for retail trade harboring a large concentration of big-box retailers, healthcare providers, and manufacturing companies including Whirlpool, Dana Corporation, & ArvinMeritor. Originally constructed in 1975, the community offers desirable 1-2 bedroom floor plans & ample amenity space prime for a programmatic renovation plan to take this asset into its next chapter. The property features a robust amenities package including a fitness center, sauna, outdoor swimming pool, tennis courts, community lounge and game room. Hampton in Highland provides investors an opportunity to continue the verifiable value-add strategy through interior unit renovations. The community is conveniently located next to HW-41, providing easy access to top employers, local retail, dining, and entertainment venues. This rare investment opportunity is available all cash.



Number of units
455 units
Year built
Building area Net
40,760 m²


Investment Highlights

Verifiable Value-Add Upside

  • 73% Original Units with Full Renovation Potential
  • $200+ Avg Premium on Renovated Units
  • Significant Room to Push Rents - 14% Rent-to-Income Ratio

Ideal Investment Criteria

  • Recent Leases achieving $1.50+ PSF rents
  • Zero Concessions Offered
  • Phenomenal construction quality and community amenity package
  • Spacious Floor Plans - Average 920 SF

Exceptional NW Indiana Location

  • Direct access to top employment corridors via US-41, I-80/94, & I-65
  • A- Overall Niche Ranking
  • 30 Minutes to Downtown Chicago
  • Access to local shopping, entertainment & recreation options including Indiana Dunes State Park & Friendship Botanical Gardens

Stellar Submarket Performance

  • ZERO Projects Under Construction within a 5-mile radius
  • 5-Year Projected Average Occupancy of 95%
  • 4% Projected Annual Rent Growth over the next 3 years
Hampton In Highland 4_Property for Sale
Hampton In Highland 4_Property for Sale

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Last updated
10 Jul 2023