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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Attributes

Year Built 2010
Building Area
Number of units 144

Property Description

JLL (“Jones Lang LaSalle”) is pleased to present Kingston Pointe Apartments, a beautiful 144-home mid-rise apartment community located in premier downtown Des Plaines in beautiful suburban Chicago, with close proximity to O’Hare International Airport and Interstates 294 & 90. The property offers outstanding apartment features accentuated by spacious floorplans, 9’ ceilings, private balconies, and a convenient downtown location. Residents benefit from efficient connectivity to top employers, area amenities, and all Chicagoland has to offer.

Investment Highlights

Location, Location, Location

• Premier Walkable Downtown Des Plaines Location

• 2 blocks from Des Plaines Metra Station

• Proximity to I-294/I-90

• 5-miles/10-min to O’Hare International Airport

• Adjacent to Metropolitan Square Mall


Sought-After Features

• Rarely Available Mid-Rise Suburban Asset

• Three 9th floor penthouse units with large balconies

• Unique large unit sizes (~1,175 avg sf homes)

• Patios and balconies in every unit

• In-unit washer and dryer


Light Value Add Opportunity

• Condo-Built Units with Value-Add Optionality

• Potential Community Amenity Expansion


High Occupancies

• Kingston Pointe boasts strong 97% occupancy, with no onsite retail

• Suburban Outperformance (Flight to suburbs)


Strong Submarket

• Over 1:1 5-year absorption

• Muted Future Supply: Only one project under construction within a 3-mile radius

Last Updated Date: 28 Jun 2021
Kevin Girard
Kevin Girard
Senior 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: 28 Jun 2021

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