Ponds of Naperville

1301 Modaff Rd, Naperville, IL, 60565, US

Description

Jones Lang LaSalle Americas (Illinois) L.P. (JLL) is pleased to present The Ponds of Naperville, an award-winning, luxurious 216-unit, garden-style apartment community located in the prestigious suburban Chicago neighborhood of Naperville. The Ponds of Naperville offers a convenient lifestyle including spacious floor plans with ample storage and a modern collection of amenities including a resort-style pool and sundeck, recreation room, playground, outdoor grilling stations, and a fully-equipped fitness center. The property is perfectly located in Naperville, providing residents access to top schools, downtown Naperville, 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

Number of units

216

Occupancy

96%

Year built

1988

Building area net

19,380 m²

Media

Investment Highlights

Irreplaceable Naperville Location
#1 Best City to Live in America
#1 City to Raise a Family
Easy Access to Local Expressways & Public Transit
Minutes to Downtown Naperville and Fox Valley Mall
Ideal Dupage County Location
Served by Top Naperville Public Schools District #204

Fantastic Property Performance
96% Occupied
Achieving 6% growth on renewals
Zero Concessions Offered
Ownership has Invested over $5.4M into the Property Since Purchasing the Property in 2022
Sustained 95% Occupancy since 2024

Ideal Investment Opportunity
In-Demand Amenities Highlighted by Outdoor Pool, Lush Courtyard with Community Firepit & Grilling Stations, Full Service Fitness Studio, Dog Park, Clubhouse & Recreation Room
Value Add & Income Upside through Unit Enhancements
Simple Unit Mix With Only 1x1 and 2x2 Units
Premier Naperville Location