Interra Realty has been exclusively engaged to bring to market the Panton Mill Station Apartments in South Elgin, IL. Located at 355 North La Fox Street, the property is situated in a prime location on the bank of the Fox River. The property is made up of one hundred (100) total units. The unit mix consists of fifty-six (56) one-bedroom units and forty-four (44) 2-bedroom units.

Built in 2020, the property offers residents luxury finishes and a number of amenities. The property amenities include a fitness center, outdoor grill and fire pit, pet washing station, business center, and coffee station. Residents also have in unit amenities such as in-unit washers and dryers, full appliance
packages, and ceiling fans.

Prospective investors have the opportunity to purchase a high-quality turnkey asset in a growing suburb of Chicago. There is clear upside with proven growth potential over the below market in-place rents. The property benefits from a TIF that reimburses about 88% of taxes. There is also a highly attractive assumable loan with 10-year remaining term and fixed 3.38% interest rate.