
The Lydian
513 South Damen Avenue, Chicago, IL, 60612, US
279 eenheden
Jones Lang LaSalle Americas, Inc. ("JLL") is pleased to present for sale the PPM Portfolio, a 79-unit multifamily investment opportunity comprised of Foster Court, Green View Estates, and Yellow Creek Glen, located in the Northwest Illinois communities of Mt. Carroll, Morrison, and Freeport.
The Portfolio offers investors exceptionally stable, bond-like cash flow supported by a 98% average occupancy rate, resident tenures averaging 5.3 years, and historical collections exceeding 98%. Driving the Portfolio's exceptional occupancy and resident retention, residents benefit from a variety of amenities including community centers, community kitchens, laundry facilities, fitness centers, private garages, patio spaces, townhome-style floor plans, and on-site management.
The properties are strategically located between Davenport, IA, & Rockford, IL, two growing secondary markets that have experienced above average rental growth of 27% & 56% since 2016. The offering presents an opportunity to acquire a well-maintained, high-occupancy portfolio with durable cash flows and consistent operating performance.



