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 1985
Building Area
Number of units 182

Property Description

Jones Lang LaSalle (“JLL”) is pleased to present Brook Run Apartments and Townhomes (“Brook Run”, or the “Property”), a 182-home garden-style apartment and townhome community located in suburban Chicago’s premier Arlington Heights. The property is exceptionally well-maintained and offers in-demand amenities. With access to top employers, excellent schools, and leading healthcare, Brook Run consistently attracts families and young professionals.

Investment Highlights

Ideal Investment Opportunity

  • Suburban outperformance (flight to the suburbs)
  • Boutique acquisition opportunity
  • Available all-cash with favorable financing options

Property Enhancements

  • Ownership has spent ~$1.5M on property enhancements since 2016

100% Value-Add

  • Significant renovation upside & optionality
  • Community amenity additions

Sought-After Features

  • 26 Townhomes (14% of units)
  • Cathedral Ceilings in various units
  • Patios or balconies in every unit
  • Large average unit sizes

High Occupancy

  • Brook Run benefits from a strong 98% occupancy, which is above the submarket’s stabilized average of 95%

Strong Submarket

  • Over 1:1 5-year absorption
  • 95% 5-Yr Projected Avg. Occupancy
  • Muted supply - only two garden-style deliveries in the last 30 years within a 5-mi radius of the Property

Proximity to Transportation

  • Proximity to I-94/I-294/I-90
  • 10-min to Arlington Heights Metra Station
  • 6-min to Wheeling Metra Station
  • 5-min to Route 12 (Rand Road)
  • 4-min to Dundee Road

Top Employers

  • Outstanding access to Chicagoland’s Golden Corridor and top employers along I-94
Last Updated Date: 24 May 2021
Kevin Girard
Kevin Girard
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: 24 May 2021

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