The Monarch 2023_Property for Sale
The Monarch 2023_Property for Sale
150 N. East River Rd, Des Plaines, IL, 60016, US

The Monarch 2023

Asset Description

Jones Lang Lasalle Americas (Illinois), L.P. “JLL” is pleased to present the Monarch - a 236-unit, Class A luxury style apartment community located in the dynamic northwest suburb of Des Plaines, IL. The 99% leased community offers spacious layouts ranging from studio to three bedroom homes, all with private balconies or patios. The property sets the standard for upscale living, offering residents an unparalleled living experience with a resort-style collection of amenities and stunning home finishes and features.


The property is proximate to Downtown Des Plaines, O’Hare International Airport, and Interstates 294 & 90, providing seamless connectivity to fortune 1000 employers, ranked schools, leading healthcare, plentiful area amenities, and all Chicagoland has to offer.



Number of units
236 units
Year built
Building area Net
20,358 m²
Call for Offers


Investment Highlights

Best-In-Class Apartment Community

  •  Large average unit size including breathtaking open concept floorplans - 929 average square feet with private patios / balconies 
  • Upscale interior design - custom built walk-in closets, modern kitchen design (stainless steel appliances & white cabinetry), and heated flooring + 19 inch TV (within mirrors) in bathrooms 
  • Luxury amenities - a resort-style pool, fully-equipped fitness center, yoga studio, & luscious green space including a family friendly play area and expansive dog park

Premier Location

  • Proximate to downtown Des Plaines and Metra Station 
  • 15-minutes to O'Hare International Airport 
  • Situated nearby I-294/I-90 providing seamless connectivity to Chicagoland's Golden Corridor and top employers in the Rosemont/O'Hare area 
  • Centric Northwest Cook County location providing access to endless entertainment, shopping, and dining options 

Robust Submarket

  • 4% projected 3-year average rent growth 
  • No projects under construction within a 5-mile radius 
  • Fully absorbed inventory over the last 5 years 
  • 97% occupied and 99% leased community

The Monarch 2023 4_Property for Sale
The Monarch 2023 4_Property for Sale

Contact brokers

The Monarch 2023 (0 Properties)

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Last updated
2 May 2023