Property Overview

Interra Realty has been exclusively engaged to market 355 N. La Fox Street, South Elgin, for sale. The Subject Investment Property is a unique and rarely available 100 unit multifamily asset constructed in 2019 and delivered in 2020 immediately adjacent the Fox River in South Elgin.

The 2019-2020 ground up construction and site improvements feature a best of class construction, amenities and finishes. The site sits adjacent the picturesque Fox River, and immediately adjacent the new Festival Park that delivered in Fall of 2020.

The Subject Investment Property presents the opportunity to acquire a trophy multifamily asset in a prime waterscape location at a time when interest rates are at historic lows. The Property also has seven (7) years remaining on a TIF that was part of the development which offsets any real estate tax impact during that period of time. The Property has been well received and has leased up at an extraordinary pace showing the appeal of the asset to the South Elgin residents.

Highlights

  • Professionally Equipped Fitness Center
  • Business Center
  • Outdoor Kitchens with Beautiful Landscaped Outdoor Areas Directly Along the Fox River
  • Resident Lounges
  • On-Site Maintenance & Management
  • Pet Friendly Dog Spa, and Outdoor Walking Stations
  • Keyless Entry – Featuring Latch

Key Details

Asking Price
Subject to Offer
Number of Units
100
Year Built
2019/2020