FOUR50 Belmont
450 W Belmont Ave, Chicago, IL, 60657-7516, US
80 units
Asset Description
Jones Lang LaSalle Americas (Illinois) L.P. (JLL) is pleased to present Hawthorn at Oakhurst, a multi-housing community located in the coveted western suburbs of Chicago on the border of Naperville and Aurora. The Property offers a desirable mix of spacious one and two bedroom layouts, all with private balconies or patios and in-unit laundry. Hawthorn at Oakhurst offers an investor the opportunity to modernize interiors via a value-add renovation program as well as further enhancements at the property.
Nestled in sought-after DuPage County, The Property boasts an ideal location, offering convenient access to both Downtown Naperville and Downtown Aurora. Residents can enjoy the serenity of suburban life while being in close proximity of a variety of shopping, dining, and cultural experiences. The Property is within a 10-minute drive to two Metra stations as well as I-88 and I-55 for a quick commute to suburban and downtown employment. Residents at Hawthorn at Oakhurst live nearby top-rated schools, healthcare, grocery and retail that cater to young professionals and families alike. This exceptional investment opportunity is available free and clear.
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Attributes
Year built
1991
Number of units
320
Building area net
26,326 m²
Parking spaces
147
Media
Investment Highlights
Sought-After Property Features
• Resort Style Amenities Including Sparkling Swimming Pool, Outdoor Lounge with Grilling Stations, Bark Park, and Outdoor Gaming Area
• Resident Clubhouse inclusive of 24-Hour Fitness Center, Cyber Café, and Library
• Spacious Floorplans with Expansive Balconies and Patios for Every Unit
• Value-Add Upside through Addition of Playground or Sports Courts
Unparalleled Investment Opportunity
• 100% Value-Add Potential in Units
• Impressive 4.6% Trade-Outs on New Leases
• Stable DuPage County Taxes
• Incredible Retention at the Property (70% In May)
• $6.6M of Capital Invested in the Property Since 2021 through Interior and Exterior Renovations
• 15% Rent to Income Ratio Provides Room to Push Rents
Desirable DuPage County Location
• Ideal Location Between Busting Downtown Aurora and Naperville
• Direct Access to Illinois Tech and Research Corridor along I-88
• Within 5-Minute Drive to Neighboring Retail (Mariano’s, Whole Foods, Costco, Fox Valley Mall)
• Fantastic Nearby Schools (District 204 - Metea Valley High School)
• Transit-Oriented Location nearby Metra for Quick Commute Robust Market Fundamentals
Robust Market Fundamentals
• 3.5% Projected Avg Effective Rent Growth in the Next 5 Years
• 95% Projected Avg Occupancy in the Next Five Years
• Zero Properties under Construction within 3 miles
• Only 2 Properties Built within 3 Miles of the Property in the Last 7 Years
Contact brokers
Hawthorn at Oakhurst (0 Properties)
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Last updated
10 Apr 2025
