Orion ParkView_Pand te koop
Orion ParkView_Pand te koop
1821 W Golf Rd, Mount Prospect, IL, 60056-4026, US

Orion ParkView

Objectomschrijving

Jones Lang LaSalle Americas, Inc. (“JLL”), a licensed real estate broker, is pleased to present Orion ParkView (the “Property”), a 477- home garden-style apartment community located in esteemed Mount Prospect, IL. Orion offers a variety of in-demand 1 & 2-bed spacious floor plans (807 avg sf). Orion ParkView, built in 1972, has undergone recent major upgrades to common areas and units, addressing historical maintenance needs. With 84% of apartments ripe for renovation, it offers significant value-add potential. This opportunity, combined with organic rent growth driven by strong suburban Chicago market dynamics, makes Orion ParkView an attractive investment.


Orion ParkView’s location on Golf Road offers prime access to nearby retail, top employers in Schaumburg and Rosemont/O’Hare, and excellent public schools in District 214. Vibrant downtown Arlington Heights and Mount Prospect, as well as the greater Chicago metropolitan area, can be enjoyed by all residents. Mount Prospect’s high quality of life, strong economy, and highly-ranked schools, 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 ParkView 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.

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Kenmerken

Aantal eenheden
477
Bezettingspercentage
96%
Bouwjaar
1972
Verhuurbare oppervlakte
32.974 vierkante meter

Media

Investeringskenmerken

Rare Investment Upside

  • 10M of Capex Investment since 2018 Including Unit Renovations
  • Significant remaining value-add opportunity (84% of homes)
  • Remarkably well-maintained property with all historical deferred maintenance addressed
  • Brand new clubhouse and resort-style amenities featuring an outdoor pool, fitness center, business center, and more


Stellar Property Performance

  • 96% occupied
  • 3.56% Trade Outs on Renewal Leases (Trailing 6 Months)
  • 2.50% Trade Outs on New Leases (Trailing 6 Months)
  • Impressive $275 renovation premiums


Fantastic Submarket Fundamentals

  • 7.57% 3-year historical average rent growth
  • 4.87% 3-Year Projected Average Annual Rent Growth
  • 95% 3-year projected occupancy
  • One Property under construction within 5 miles


Unbeatable Access to Top Employers

  • Proximate to numerous Fortune 500 Corporate Offices including AT&T, United Airlines, and Zurich North America
  • 10 minutes to Elk Grove Village Industrial Park - the Largest Industrial Park in the United States
  • Direct access to three employment corridors - Schaumburg, Rosemont/O’Hare, and North DuPage


Outstanding Area Amenities

  • Top rated school district – A+ per Niche.com
  • Minutes from the vibrant downtown areas of Arlington Heights and Mount Prospect
  • Leading healthcare options including High Performing Northwest Community Hospital
Orion ParkView 4_Pand te koop
Orion ParkView 4_Pand te koop

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Laatst bijgewerkt
7 mei 2025