Lake Grove Village - Chicago, IL

Jones Lang LaSalle Americas, Inc. ("JLL") is pleased to exclusively offer Lake Grove Village, a 458-unit community in Chicago, Illinois. The property features a stable mixed-income structure with 70% LIHTC-only units at 60% AMI, 20% HAP contract units, and 10% market-rate units delivering predictable cash flows through an average resident tenure of 7.5+ years and only 8% annual turnover. With a $350+ spread between in-place LIHTC rents and 2025 max rents, plus a $675+ premium to market-rate comparables, the asset offers significant organic rent growth potential. Located in Chicago's premium metropolitan market—the nation's 3rd largest MSA with 31 Fortune 500 headquarters—Lake Grove Village benefits from recent capital investments exceeding $579,000 and represents an ideal affordable preservation opportunity with a LIHTC LURA expiration in 2028.