Seasons at Plainfield
13915 South Autumn Way, Plainfield, IL, 60544, US
320 units
Asset Description
Jones Lang LaSalle Americas (Illinois), L.P. (JLL) is pleased to present Four50 (“The Property”), a boutique 80-home apartment community located in Chicago’s dynamic Lakeview neighborhood. Built in 2019, the Property consists of various spacious layouts including studios, one-bedrooms, two-bedrooms and three bedrooms. Four50 boasts top-of-the-line finishes in the modern units as well as a variety of community amenities that cater to its residents.
Four50 is situated in a prime location in the thriving Lakeview submarket adjacent to Broadway Avenue and Lake Michigan. Residents can enjoy the bustling dining, retail, and recreation scene while benefiting from easy access to Downtown Chicago employment through the nearby public transportation. This ideal live-work-play location creates the perfect home that appeals to students, young professionals and families. This incredible investment opportunity is available free and clear.
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Attributes
Number of units
80
Year built
2019
Occupancy
96%
Media
Investment Highlights
EXCEPTIONAL LAKEVIEW LOCATION
- Walk-to-Everything Location (95 Walk Score)
- Steps from Endless Dining, Retail and Grocery Stores on Broadway Avenue
- Adjacent to Countless Transit Options including CTA Trains and Bus Lines
- Close Proximity to Desirable Neighboring Wrigleyville, Boystown and Lincoln Park
- 5-Minute Walk to Beautiful Lake Michigan
UNPARALLELED INVESTMENT OPPORTUNITY
- 100% Market Rate Units
- Ideal Investment Size at 80 Homes
- Appealing Unit Mix of Studio, One, Two and Three Bedroom Units
- 3% Avg. Trade-outs on Renewals
- 94%+ Avg. Occupancy Since 2022
- 6% Avg. Effective Rent Growth at the Property over the Last Three Years
LUXURY PROPERTY FEATURES
- Top-of-the-Line Units including Open Floor Plans, In-Unit Washer/Dryer, and Incredible Views
- Expansive Amenity Package featuring Rooftop Lounge and Terrace, Fitness Center, and Package Lockers
- Chef’s Kitchens including Stainless Steel Appliances, Quartz Countertops, and Tile Backsplash
- Private Outdoor Space for Every Unit
- Large Unit Sizes of over 900 Avg. SF
SUPERIOR SUBMARKET FUNDAMENTALS
- No Properties > 100 Units Under Construction within 3 Mile Radius
- Consistent 96% Occupancy Projected over next 4 Years
- Strong Employer Base and Impressive Average Area Income of $165,000
- 3.5% Rent Growth in the Last 4 Years
Contact brokers
FOUR50 Belmont (0 Properties)
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Last updated
11 Mar 2025
