Woodlands of Crest Hill Apartments_Property for Sale
Woodlands of Crest Hill Apartments_Property for Sale

Woodlands of Crest Hill Apartments

1615 Arbor Ln, Crest Hill, IL, 60403-2101, US

Description

Jones Lang LaSalle Americas (Illinois), LP. (JLL) is pleased to present Woodlands of Crest Hill, a multihousing community located in dynamic and developing Crest Hill, a southwest suburb of Chicago in Will County.


Woodlands of Crest Hill features a diverse selection of highly desirable residences, from efficient studios to spacious two-bedroom apartment homes, catering to a wide range of resident preferences.


Currently 95% occupied, this meticulously maintained community provides a seamless living experience with stylish finishes, thoughtfully designed floorplans featuring abundant storage space, and a contemporary suite of amenities anchored by a well-appointed clubhouse.


Ideally positioned just off Theodore Street and adjacent to Plainfield Road, Woodlands offers unparalleled access to the southwest suburbs’ premier retail, grocery, and dining destinations. With easy access to I-55, Crest Hill is a Village on the rise adjacent to the Des Plaines River featuring top-rated schools, National Lewis University, and 38M SF of development, including major distribution centers for industry leaders like Amazon and Wayfair.


Woodlands is 95% occupied and achieving an impressive 8.3% growth on new leases and 8.5% on renewals. This unbeatable opportunity is available on a free & clear basis.

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Attributes

Year built
1972
Number of units
730
Occupancy
95%
Parking spaces
1,073

Media

Investment Highlights

Ideal Investment Opportunity

  1. Current ownership has spent $1.2M+ on programmatic renovations and deffered maintenance including extensive hallway project, Luxer package room, and more since 2023
  2. Additional value-add upside on top of in-place program


Fantastic Current and Historical Property Performance

  1. 8.3%+ effective growth on new leases | 8.5%+ effective growth on renewals
  2. Verifiable value-add program with $204 achieved premiums on full renovations


Path-of-Growth Location

  1. Home to the largest inland container port in the United States, Will County is a magnet for major distributors
  2. “A” Rated Public Schools


Robust Market Fundamentals

  1. 3.6% projected 3-year average rent growth
  2. 96.5% projected 5-year average occupancy
Woodlands of Crest Hill Apartments 4_Property for Sale
Woodlands of Crest Hill Apartments 4_Property for Sale

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Last updated
24 Jul 2025