Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Year Built 1974
Building Area
Land Area ()
Number of units 1155

Property Description

JLL is pleased to present Ellyn Crossing, a sprawling 45 acre, 1,155-home garden apartment community located in suburban Chicago’s premier DuPage County. The property offers quality apartment living, efficient layouts, and ease of access to top area employers, retail and entertainment.

Investment Highlights

Excellent Property Performance

  • High 95%+ Occupancy
  • Market rents have increased three times from April-June 2021
  • 12% rent increases on new leases year-to-date, 17% over the last 3 months
  • Only 18% post-renovated rent-to-income ratio

Sizeable Value-Add Opportunity

  • Verifiable value-add renovation premiums
  • 66% remaining units ready for upgrades
  • Further upside with community amenity additions and upgrades

Immediate Footprint

  • 1,155 homes and ~45 acres to acquire in premier DuPage County
  • One of the largest apartment communities in suburban Chicago

Stellar Demand Drivers

  • Immediate access to Fortune 1000 companies along I-88 Corridor and Schaumburg micro markets
  • Access to Chicagoland’s top shopping centers, and numerous recreational options

Strong Property & Submarket

  • Minimal new supply in the pipeline within a 3-mile radius
  • AAA Rated DuPage County
  • Above market projected average occupancy through 2024
Last Updated Date: 22 Jul 2021
Kevin Girard
Kevin Girard
Senior Director, Capital Markets
License details
IL-475.17469
Marty O'Connell
Marty O'Connell
Senior Managing Director, Capital Markets
License details
IL-475.099044 KY-68521

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Last Updated Date: 22 Jul 2021

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