Elmhurst Terrace

100 Fellows Ct

Elmhurst, IL


Year Built: 1949

Land Area: 10.34 acres

Status: Available

Property Type

Multifamily Value-Add





Elmhurst Terrace

Elmhurst Terrace Apartments represents the most captivating **_value-add opportunity_** in the suburbs. This 24-building, 315-unit asset is in the _prestigious_ City of **Elmhurst** with its **award-winning schools** and top‑ranked Elmhurst College. Sprawled over 10 acres, the campus allows future ownership to create **_lifestyle amenities_** without sacrificing unit count. There are _countless options_ for new ownership to transform Elmhurst Terrace into the **premier rental community** in the area. Rents in the area remain some of the **_strongest_** across the western suburbs, and the market has responded favorably to rare, new construction product through _quick absorption_ and **premium rents**. **_Location is everything_** – and Elmhurst Terrance has it. It’s a stone’s throw away from the Elmhurst Crossing retail center, boasting a _Whole Foods_, Petco, Bath & Body Works, Kohl’s and more. Furthermore, the asset is less than a half-mile from York Community High School, consistently **one of the best** in the suburbs. Transportation is also key. The asset is less than a quarter-mile from Kingery Highway (Route-83) which provides immediate access to the **_Oak Brook office corridor_** and surrounding interstates. In addition, it’s a quick seven-minute drive to _downtown Elmhurst_ and its **Metra station**. Elmhurst Terrace Apartments represents a **_rare opportunity_** to acquire one of the largest multifamily properties in all of Elmhurst then _recreate & reposition_ to its true potential. Vintage charm, vibrant floorplans and a **perfect location**.

Quick Facts:

* Year Built: **1949** * Number of Units: **315** * Average In-Place Rent: **$1,025** * Average Rent psf: **$1.63** * Unit Size: **628 sf** * Occupancy: **89%**

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

Susan Tjarksen

Principal, Managing Broker

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