Living / Multi-housing
Under Contract

Grand Reserve - Naperville, IL

504 Chamberlain Ln, Naperville, IL, 60540-9206, US

Grand Reserve - Naperville, IL_Property for Sale


Grand Reserve - Naperville, IL 2_Property for Sale

Asset description

Jones Lang LaSalle Americas (Illinois), L.P. (JLL) is pleased to present Grand Reserve Apartments, an award winning, luxurious 319-unit, garden-style apartment community located in the prestigious suburban Chicago neigh­borhood of Naperville. Grand Reserve offers a variety of spacious layouts ranging from 1-bedrooms to 2-story townhomes with direct access garages and private entrances. The property offers true luxury living with best-in-class amenities and magnificent interiors that residents are proud to call home. The property is perfectly located in Naperville, pro­viding residents’ access to top schools, downtown Naperville, local train stations, I-355 & I-88 and the east-west employment corridor. This rare opportunity is available on a free and clear basis.


Number of units
319 units
Year built
Building area Net
326,656 sf

Investment highlights

Ideal Investment Criteria

  • Last 25 leases show a 19% Premium Over In-Place Lease Rents
  • 14% Trade-Outs on New Leases
  • Zero Concessions Offered
  • Real Estate Tax Clarity (Not Cook County)
  • 95%+ Occupancy

Irreplaceable Naperville Location

  • #1 City in America to Raise a Family
  • Easy Access to Local Expressways & Public Transit
  • Minutes to downtown Naperville and Fox Valley Mall
  • Close Proximity to Top Area Employers

Sought-After Building Features

  • Excellent floor plan optionality featuring, luxurious apartments & townhomes with private entries and garages
  • High-end apartment finishes with stainless steel appliances, granite countertops and spacious walk-in closets
  •  Large Average Unit Size: 1,024
  •  Resort-Style Community Amenities

 Fantastic Suburban Naperville Submarket

  •  95% Projected 5-Yr Avg Occupancy
  •  5.4%+ Projected 5-Yr Avg Annual Rent Growth
  • Only 1 Property Under Construction within a 3-Mile Radius
Grand Reserve - Naperville, IL 4_Property for Sale
Grand Reserve - Naperville, IL 4_Property for Sale

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Last updated
Nov 30, 2022