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Area Size
NOI Net Operating Income N/A
NIY N/A
Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
NIY N/A

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Year Built 1973
Building Area Net
Land Area Net ()
Number of units 396

Asset Description

JLL ("Jones Lang LaSalle") is proud to present Fieldpointe of Schaumburg (the "Property", or "Fieldpointe"), a 396-home multi-housing community located in Schaumburg, IL, at the intersection of I-90 and Highway 53/I-290. Fieldpointe of Schaumburg is located just minutes from Schaumburg's top employers, world-class retail at Woodfield Mall and renowned entertainment venues. The community's location near these major highway systems also offers residents excellent access to downtown Chicago, O'Hare Airport and the overall metropolitan area. The nearly 14-acre community provides residents with luxurious living and amenities, including a pool, fitness center, and clubhouse. Investors will have the opportunity to purchase a highly occupied community that offers significant value-add upside via further apartment home upgrades.

Investment Highlights

Significant Value Add Upside

  • 89% of units remain ready for upgrades
  • Add washer/dryers in remaining 36 studio units

Extremely Favorable Financing

  • 2.77 % Rate
  • Full Term Interest Only (IO)
  • 9+ years of IO Remaining

Location, Location, Location

  • Immediate access to I-90 & I-290
  • Nearby to three train stations

Unbeatable Access to Top Employers

  • Within the boundaries of the "Golden Corridor", the second largest employment hub in Illinois outside of Chicago CBD

Great Submarket Performance

  • 95%+ Occupancy since 2013
  • Extremely steady cash flow
  • High occupancies
  • Limited comparable supply pipeline

Outstanding Area Amenities

  • Award winning school district
  • Minutes from renowned Woodfield Mall, dining, and entertainment options
  • Leading healthcare options



Last Updated Date: 30 Sep 2021

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Last Updated Date: 30 Sep 2021

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