- For sale
Colliers International, as exclusive advisor, is pleased to announce an exceptional and rare opportunity to purchase an asset of significant scale with substantial value-add potential. Mount Prospect Greens, a 344-unit multifamily community, is conveniently located in one of the most desirable submarkets in suburban Chicago and is surrounded by copious amenities and significant employment.
Mount Prospect Greens offers investors a best in submarket location with considerable upside and immediate proximity to 125,000+ jobs within a 5-mile radius. The submarket is anchored by a full range of outstanding business locations include the Kensington Business Park, the newly renovated Randhurst Village, a revitalized mixed-use Downtown, and an industrial hub located near I-90. Mount Prospect combines an ideal location with business diversity and a high quality of life. Only 20 miles NW of downtown Chicago and minutes from O’Hare International and Chicago Executive airports, Mount Prospect Greens offers convenient access to regional expressways and two Metra lines.
Mount Prospect Greens presents prospective investors with a significant opportunity to reposition and enhance the property through a phased and multifaceted value-add program. This program would span multiple levels of quality and offer finishes that cater to a diverse group of residents seeking apartments in the area. Current rent levels are well below other fully or partially renovated assets in the immediate area, and with an irreplaceable location, Mount Prospect Greens is poised for considerable rent growth.