Orion Arlington Lakes

Jones Lang LaSalle (“JLL”) is pleased to present Orion Arlington Lakes (the “Property”), a 198-home garden-style apartment community with value-add upside in prominent Arlington Heights. The Property offers a variety of in-demand 1 & 2-bed spacious floor plans (1,168 avg sf). Since its construction in 1985, the property has been meticulously maintained. Recent significant capital improvements have addressed historical maintenance needs and enhanced both common areas and individual units. With over 76% of units prime for renovation, Arlington Lakes offers substantial upside potential, combining verifiable value-add program with organic rent growth driven by strong suburban Chicago market dynamics.

Strategically located along Golf Road, Orion Arlington Lakes offers residents the best of suburban living with urban convenience. The property provides easy access to vibrant downtown Arlington Heights and Mount Prospect, as well as the greater Chicago metropolitan area. Arlington Heights’ high quality of life, strong economy, and highly ranked schools, including those in Township High School District 214, attract well-educated professionals and affluent families. This desirable demographic, combined with the area’s proximity to key employment hubs, ensures a stable and diverse tenant base for the community.

Orion Arlington Lakes offers a rare opportunity to achieve scale with significant value-add upside in this dynamic Chicago suburb. This asset is available on a free and clear basis.