CBRE, Inc. has been retained as exclusive advisor and agent to sell Lakeview Residences, (the “Subject,” the “Property”), a Strong Value-Add Opportunity. 25% of apartments are fully renovated, with proven post-renovation rents. Buyers have the option of assuming a Very Low Interest Rate agency loan with 6 years remaining. Every apartment has panoramic views overlooking a large lake and 300-acre park with countless lifestyle amenities, listed below.
The property is fully occupied. The views, lake, park, and amenities provide a strong attraction for residents.
Lakeview Residences is comprised of 97 units with an attractive mix of Studio, 1 BR and 2 BR apartments. It is located between Naperville and Aurora, in Illinois, approximately 40 miles west of Chicago. It is located within the area of Chicago’s most dynamic and fastest growing suburban market.
Lakeview presents investors with the opportunity to acquire a stabilized, partially renovated asset with substantial and de-risked upside and low interest rate financing in place