Jones Lang LaSalle Americas (Illinois), L.P. (JLL) is pleased to present Preserve at Osprey Lake, a beautiful 483-home garden-style apartment community located Chicago’s northern suburb, Gurnee. Originally built in 1997, the property is nestled in an 87-acre tree-lined oasis and offers residents spacious layouts ranging from studio – 2 bedrooms with a large average unit size of 938 SF. Preserve at Osprey Lake provides investors the opportunity to continue the value-add strategy through select interior enhancements with over 55% units ready for renovations.
Situated in Chicago’s northern suburbs, the property benefits from proximity to I-94, providing easy access to both Chicago and Milwaukee. The Preserve at Osprey is minutes away from Six Flags Great America, Great Wolf Lodge, roughly 200 stores at the Gurnee Mills shopping center and a plethora of major employers. This rare investment opportunity is available on a free and clear basis.