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Multifamily
The Residences at Payton Place
Arlington Heights, IL
263 Units
Built in 2021
Core
Investment Highlights
- Institutional-Quality Trophy Asset: Fully stabilized, Class A community built in 2021 featuring 263 luxury residences in one of Chicagoland's premier suburban locations
- High-Barrier-to-Entry Northwest Chicago Location: Positioned in the affluent Arlington Heights submarket, 25 miles northwest of Downtown Chicago and minutes from O'Hare International Airport
- Adjacent to Chicago Bears Potential Stadium Site: Located next to the 326-acre Arlington Park site under consideration for the Chicago Bears' future stadium and mixed-use entertainment district
- Compelling Basis with Long-Term Upside: Offered well below replacement cost, creating an opportunity to acquire an institutional-quality asset at an attractive basis within one of Chicago's most irreplaceable suburban submarkets
- Best-in-Class Market Fundamentals: Supply-constrained Arlington Heights continues to deliver exceptional operating performance with 96.9% average occupancy and more than 4% annual rent growth
- Outstanding Transit & Employment Connectivity: Immediate access to Interstate 90 and the Arlington Park Metra Station provides direct connectivity to Chicago's largest employment centers and regional amenities
Exclusively listed by
Broker of Record
Steven Weinstock
Senior Managing Director, Market Leader - Chicago
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