Call For Offers Due: Wednesday, June 7, 2023
Offering Summary
Jones Lang Lasalle Americas (Illinois), L.P. “JLL” is pleased to present the Monarch - a 236-unit, Class A luxury style apartment community located in the dynamic northwest suburb of Des Plaines, IL. The 99% leased community offers spacious layouts ranging from studio to three bedroom homes, all with private balconies or patios. The property sets the standard for upscale living, offering residents an unparalleled living experience with a resort-style collection of amenities and stunning home finishes and features.
The property is proximate to Downtown Des Plaines, O’Hare International Airport, and Interstates 294 & 90, providing seamless connectivity to fortune 1000 employers, ranked schools, leading healthcare, plentiful area amenities, and all Chicagoland has to offer.
Investment Highlights
Best-In-Class Apartment Community
- Large average unit size including breathtaking open concept floorplans - 929 average square feet with private patios / balconies
- Upscale interior design - custom built walk-in closets, modern kitchen design (stainless steel appliances & white cabinetry), and heated flooring + 19 inch TV (within mirrors) in bathrooms
- Luxury amenities - a resort-style pool, fully-equipped fitness center, yoga studio, & luscious green space including a family friendly play area and expansive dog park
- 98% occupied and 99% leased community
Premier Location
- Proximate to downtown Des Plaines and Metra Station
- 15-minutes to O'Hare International Airport
- Situated nearby I-294/I-90 providing seamless connectivity to Chicagoland's Golden COrridor and top employers in the Rosemont/O'Hare area
- Centric Northwest Cook County location providing access to endless entertainment, shopping, and dining options
Robust Submarket
- 4% projected 3-year average rent growth
- No projects under construction within a 5-mile radius
- Fully absorbed inventory over the last 5 years
Investment Contacts
Avi Schiffman
Senior Analyst
312.957.4982
avi.schiffman@jll.com
Financing Contacts
Danny Kaufman
Senior Managing Director
312-528-3684
danny.kaufman@jll.com
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