Holliday Fenoglio Fowler, L.P. (HFF) is marketing for sale a five-property multifamily housing portfolio comprising 2,407 well-appointed apartment homes in three top suburban Chicago submarkets: DuPage, Cook and Will Counties. These suburban infill communities benefit from easy access to top employment corridors as well as to downtown Chicago via nearby expressways and Metra train lines. HFF will accept bids on the entire portfolio, in groups/pools or individually through Wednesday, September 13.
Each property is professionally landscaped with attached and/or detached covered parking, and all offer outstanding access to nearby recreation and shopping, including two fortress malls, Woodfield Mall and Oakbrook Center, and a top-performing regional center, Yorktown Center. Property amenities include clubhouses, community buildings, swimming pools, fitness centers, business centers, sports courts and playground areas. Interested investors have an opportunity to enhance returns by expanding existing renovation programs (60 percent of the units are currently not renovated) and expanding community amenities.
All properties, which are outlined below, are located within 40 miles of downtown Chicago.
For more information on these Chicago-area multi-housing properties for sale, please contact Wickliffe Kirby, Kevin Girard, Marty O’Connell or Sean Fogarty. Offers on this outstanding opportunity are due by 5:00 p.m. CDT on Wednesday, September 13. Please email your offer to Kirby and Girard.