Description

Walker & Dunlop’s Midwest Investment Sales Team presents One Arlington Apartments in Arlington Heights, Illinois. The highly amenitized 13-story structure offers 214 residential units across studio, one- and two-bedroom floor plans along with 15,800 square feet of ground floor retail space operating as a 25N Coworking facility. A 5-minute drive to the Arlington Park Metra stop, the property is also next door to Arlington International Racecourse. The 326-acre parcel of land is currently under negotiation with the NFL’s Chicago Bears to be the site of a brand-new state-of-the-art stadium and entertainment complex. With a median tenant household income of $102,000, strong property level lease trade-outs, and historically high projected submarket rent increases, One Arlington Apartments is well positioned to continue growth in Chicagoland’s highly desirable northwest suburbs.