Orland Ridge Townhomes & Villas

16996 Pond Willow Drive, Orland Park, IL, 60487, US

Asset description

Jones Lang LaSalle Americas (Illinois), L.P. (JLL), is pleased to present Orland Ridge Townhomes & Villas (“Orland Ridge”), a luxury BTR community located in dynamic and ever-evolving Orland Park, a southwest suburb of Chicago. Orland Ridge offers a variety of in-demand layouts across buildings from spacious one, two, and three-bedroom homes—all with private entries and attached private garage parking. This 97% occupied community offers above-and-beyond single-family living including flawless finishes, spacious floorplans with ample storage, and a resort-style collection of amenities including a clubhouse.

Orland Ridge is ideally located along South La Grange Rd (US Hwy 45), the main thoroughfare for Orland Park, with to immediate access to restaurants, entertainment, offices, grocery retailers, medical facilities and the 960-acre Orland Grasslands Preserve. The Village is home to 3,000+ businesses and provides residents easy access to the I-55 and I-80 job corridors. Government backed corporate investment and expansion has positioned Orland Park as a top destination for movers. This incredible investment opportunity is available free and clear.

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Attributes

Year built

2023

Units

294

Occupancy

97%

Media

Investment highlights

Distinguished Single- Family-Home Rental Community

» Single-family rental community with spacious 1,455+ average SF floor plans

» Full spectrum unit mix and price point range

» Private entry, patio, balcony, and attached garage parking

» Luxury resort-style amenities highlighted by a heated outdoor pool, state-of-the-art fitness center, pickleball/volleyball courts, and an exclusive clubhouse lounge

» Scarce one-of-a-kind asset - no other BTR communities of this size in the entire market

Fantastic Property Performance

» 97% Occupied

» No Concessions Offered

» Nearby Townhome Product Averages ~$700k/home

» Impressive Retention at the Property (~65%)

» Strong Property Demographics and No New Supply Creates Room to Push Rents

» High Barrier to Entry Product (Difficult Entitlement)

Path-of-Growth Location

» Immediate access to I-80 industrial corridor featuring new hubs for Amazon, Wayfair, and WeatherTechHQ

» Neighbors all-stop shops, Costco, Whole Foods, Trader Joes, Target, and new fast-casual eateries

» Steps from the Orland Grasslands—a 960-acre nature reserve with walking/bike paths comprised of open prairie, wetlands, oak savannas, and woodlands.

» Employment growth in the region has outperformed state and national averages since 2010

» Brand New Silver Cross Medical Facility Built Adjacent to the Property

Stellar Submarket Performance

» 96.3% Five-Year Average Occupancy (Outpaces Chicago Metro Occupancy)

» No Built-to-Rent Townhome/ Villa Product in Southwest Suburbs

» Southwest Suburbs rent growth projected to outpace broader Chicago MSA

» Known as “The Jewel of The South.” Orland Park is a go-to community for those moving out of the city into the suburbs