Deer Valley Luxury Apartments

30011 Waukegan Road


Lake Bluff, IL

Main

Year Built: 1991

Asset Class: B+

Status: Available

Offers Due: August 22, 2017








Property Type

Multifamily

Location

Lake Bluff

Units

224

Deer Valley Luxury Apartments


This **_golden opportunity_** in the _affluent_ northern suburbs of Chicago has been long awaited. _Deer Valley Luxury Apartments_ has it all: a priceless location, powerful demographics and solid performance. These combined with further **_upgrade opportunities_** make it an excellent investment prospect for acquisition. Lake Bluff, Illinois is in the heart of **_Chicago’s Northshore_** area of high employment including adjacent Abbott Laboratories, Great Lakes Naval Station and Rosalind Franklin University. The Northshore has a dominant employment base thick with Fortune 500 companies and health services industries. The real power of Deer Valley Luxury Apartments lies in its **_sticky tenancy_**. Long-term tenants and long-term leases are common at the asset. Many **_dedicated tenants_** actually remained in their units while ownership completed the unit upgrades. With a park-like setting and modern amenities, tenants have a lot to keep them happy. New ownership will inherit a **_seasoned rent roll_** and stabilized expenses. Additional income can be realized in management efficiencies, additional unit upgrades and continued rent growth which is sheltered from new competition.

Quick Facts:


- 94% occupancy - Constructed in 1991 - 12.6 acres - Average unit size 876 sf - Average market rent $1,497 - Average rent per sf $1.71

Asset Photos



Contact Sales Team



Todd Stofflet


Managing Partner

Todd Stofflet
Phone: 312.477.7004
Mobile: 312.622.2339
Email: todd@kigcre.com

Jason Stevens


Senior Director - Sales

Jason Stevens
Phone: 312.477.7012
Mobile: 312.608.6188
Email: jason@kigcre.com

Marissa Pellegrini


Director - Sales

Marissa Pellegrini
Phone: 312.477.7020
Mobile: 603.493.6303
Email: marissa@kigcre.com

Susan Tjarksen


Principal, Managing Broker

Susan Tjarksen
Phone: 312.477.7006
Mobile: 312.523.7617
Email: susan@kigcre.com