Overview: 67-Units Apartment
Coming soon 67-units Apartment on a 2.71-acre site at the Highway 55 and Lemont Rd in Darien IL.
Darien Heights’ desirable Chicago Land neighborhood has a resident base with demographics that are substantially stronger than the broader Chicago Land Market. The median household income within a 1-mile radius of the Project is $90,904, 66% higher than the metro average of $49,300. This affluence is driven by a labor force that is highly educated (60.4% bachelor’s degree or higher; 81.5% white collar) and young (median age of 38). As a result, the median home value within the same 1-mile radius is $334,001, 70% higher than the Chicago Metro; newly-constructed homes within a mile from the site are selling at well over $700K, creating a barrier to homeownership and a 35% renter ship rate in the area.
Low-Risk, Actionable Project
With construction drawings 70% complete and limited remaining administrative approvals required by the Village of Darien, Company presents an actionable, institutional-quality development opportunity with a straightforward path to Apartment development. The Project is right next to Highway 55 and close to Downtown Chicago and the Village of Darien has already pre-approved the site plan and provided preliminary approval of the civil and building plans and allocation of water/sewer capacity. With only final approval of civil plans and platting remaining, Company will be ready to break ground shortly after land close in Jun 2021.
- A+ Rated schools And Best Place to for young Families https://www.niche.com/places-to-live/darien-dupage-il/reviews/
- Community is located close to Hospital, Schools, Malls, very close to Highway, Train Station Public Transport, Companies and others fortune 500 companies within 8 miles Radius.
- Expected to finish in less than 2 Years.