- For sale
Colliers is pleased to present Mount Prospect Greens, a well-located garden-style community with proven value-add upside and scale positioned in suburban Chicago. Offering multiple paths to add value, Mount Prospect Greens features 156 renovated units and 188 lightly or unrenovated units. Renovated units, featuring upscale cabinetry, backsplash, stainless steel appliances, and either granite or quartz countertops, are generating $125/unit/month premiums. New ownership is afforded investment flexibility by either continuing the successful renovation plan or renovating all units to an even higher price point. In excellent physical condition, new ownership can focus investment capital on revenue-generating improvements and close the $450+/unit/month gap with the top of the competitive set. Mount Prospect Green’s combination of asset quality, location, and ability to quickly push top-line rent growth make it the perfect value-add opportunity.