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|Building Area Net||
|Number of units||220|
|Call for Offers|
JLL (“Jones Lang LaSalle”) is pleased to present Central Park, a 220-unit garden-style townhome community located in Park Forest, Illinois, roughly 30 miles south of Chicago. Central Park features very spacious layouts, with a mix of 1-3 bedroom layouts and an average unit size of 1,150 SF.
The property is located in Park Forest, a stable working-class suburb of Chicago with over 2,000 acres of parks, recreation facilities and open land. Residents of the property will enjoy easy access to top suburban and downtown employers via the local Metra stations as well as I-57 and US 30. Central Park provides investors with an exceptional opportunity to acquire a high-quality asset in a growing submarket with significant value-add upside.
- Upside through Interior Renovations
- Upside through Washer/Dryer Installation
- Direct Access Private Enterances
- High Stabilized Occupancy >97%
- Very Large Floor Townhome Plans - 1,150 SF
- Additional Usable Basement Space
Exceptional Suburban Location
- Close Proximity to Highways US-30 and I-57
- Easy Access to Top Suburban and Downtown Employers
- Stable Working-Class Neighborhood
Stellar Submarket Performance
- 5-Yr Projected Average Occupancy >96%
- 5-Yr Projected Annual Rent Growth >4.6%
- Zero Properties Undet Construction within a 3-Mile Radius