The Maynard at 4014 North Central Park
4014 North Central Park Avenue, Chicago, IL, 60618, US
31 units
Attributes
Number of units
122
Occupancy
97%
Year built
1996
Asset Description
Jones Lang LaSalle Americas, Inc. ("JLL") is pleased to exclusively offer for sale Meadowlark Townhomes, a 122-unit LIHTC & market-rate property in DeKalb, IL. The Offering provides a stable, bond-like cash flow due to strong economic occupancy, which has averaged 98% since 2022, and the +$473 spread of market-rate rents over in-place LIHTC lease rents. Additionally, the Property provides a value-add opportunity for investors, as recently renovated market-rate units have seen $700+ increases in lease rents. The Property presents investors with the opportunity to deploy capital into a well-performing, well-maintained asset with strong organic rent upside.
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Investment Highlights
- Stable, Bond-Like Cash Flow
- Unit Renovations Generating Significant Rent Upside
- Significant Capital Expenditures with Market-Rate Quality Finishes
- Rare Floorplans Driving Demand
- Strategically Located Near Dekalb's Top Employers
- Conveniently Located Near Dekalb Schools
Media
Meadowlark Townhomes (0 Properties)
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Last updated
1 May 2025