Description

Jones Lang LaSalle Americas (Illinois) L.P. (JLL) is pleased to present The Reserve on Washington, a 164-unit community located in dynamic Naperville, a premier western suburb of Chicago in DuPage County. The Reserve on Washington offers a single-family lifestyle with spacious floor plans, ample storage, and a modern collection of amenities. The property's ideal location on Washington Street provides immediate access to major employment centers and fantastic retail, grocery, and dining options in downtown Naperville. Residents have access to top schools, local train stations, I-355 and I-88, and the east-west employment corridor. This rare opportunity is available on a free and clear basis.

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Attributes

Units

164

Occupancy

96%

Year built

1971

Building area net

1,779,500 sf

Parking spaces

328

Media

Investment highlights

Idyllic Naperville

#1 Best City to Live in America (Niche)
Minutes to area amenities in charming downtown Naperville & Fox Valley Mall
Proximate to I-55 & I-80 industrial corridor featuring hubs for Amazon, Wayfair, and WeatherTech HQ
Incredible Naperville Schools - Dist. #203 rated A+ (Niche)

Unparalleled Investment Opportunity

96% of unit mix primed for programmatic renovations
Current ownership has invested ~$4M since acquisition
Stable DuPage County taxes
4%+ achieved trade outs on new leases in the last 12 months
Optionality to add in-demand amenities
First time the property has been marketed since inception

Elevated Suburban Living

Spacious 1,008 SF avg unit size
Uniform floor plans throughout are optimal for management efficiency and leasing
Luxury amenities highlighted by resort-style pool & sundeck, modern clubroom, and beautifully landscaped grounds
Walk to Maplebrook Elementary, Public Swim & Racquet Club, and neighboring convenience retail

Unrivaled Market Fundamentals