Documents
Enter the "Deal room" for exclusive documents related to this property.
Key facts
Year Built | 1973 |
Building Area Net |
|
Land Area Net |
|
Number of units | 396 |
Property 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