Living / Multi-housing
Under Contract

Grand Reserve - Naperville, IL

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

Grand Reserve - Naperville, IL_Property for Sale

Gallery

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.


Attributes

Number of units
319 units
Occupancy
98.00%
Year built
1997
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

Contact brokers

Similar properties

View moreChevron Right
Do you have any questions? Visit our FAQ page
View FAQ PageArrow Right
JLL can help you finance and manage your portfolio. E-Mail us today to see how we can help achieve your ambitions.
Last updated
Nov 30, 2022