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280 Stonington DrBloomingdale, IL 60108
Lakeland Lofts
Asset ClassMultifamily
# Units90
Year Built: 2021MSA: ChicagoAccess Data Room
New 90-Unit Boutique Luxury Apartment Community in Suburban Chicago Premier DuPage County Location Affluent Bloomingdale, IL
overview of deal

Overview

Jones Lang LaSalle Americas (Illinois), LP. (JLL) is pleased to present Lakeland Lofts, a newly-built 90-unit luxury apartment building located in suburban Chicago’s premier DuPage County in affluent Bloomingdale. The award-winning property sets the standard for luxury, high-end living with unique, masterfully designed, open-concept 2-bed layouts and elegant interior finishes ideal for the modern renter. The property features highly sought-after community amenities, including a beautifully manicured courtyard, fenced dog run, & covered patio with grilling stations. Conveniently located near major highways, Lakeland Lofts is uniquely positioned to offer residents the best of suburban living minutes from Stratford Mall in affluent Bloomingdale that provides efficient connectivity to top area employers and all of Chicagoland. This unbeatable opportunity is available all-cash.

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Investment Highlights

Ideal Investment Profile

  • Real Estate Tax Clarity – DuPage County
  • Boutique Investment Size
  • Newly-Built 2-Bedroom Luxury Product

Premier DuPage County

  • Adjacent to Stratford Square Mall & In-Demand Grocers
  • Proximate to interstates providing seamless connectivity to top area employers
  • Excellent area amenities including a plethora of recreation, dining, & entertainment
  • Direct access to downtown Bloomingdale, US-20, I-355/I-290, Schaumburg, & O’Hare

Affluent Bloomingdale

  • A- Overall Grade (Niche)
  • 25 Miles West of downtown Chicago
  • Top-Ranked Schools & Healthcare

One-of-a-Kind Asset

  • Excellent Design & Amenities Attract & Retain Residents
  • 10%+ recent lease trade-outs & 95%+ occupancy
  • Healthy Rent-to-income ratio of 21%

Strong Submarket Performance

  • Zero Projects Under Construction within a 3-Mile Radius
  • 5.1% 3-Yr. Projected Annual Rent Growth
  • 95%+ 5-Yr. Projected Average Occupancy
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280 Stonington DrBloomingdale, IL 60108
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Listing provided by Revere CRE