Overview

Description

33 Realty's pleased to present for sale, as a de-conversion opportunity, 21 Kristin Condominiums at 16W450 thru 16W800 Mockingbird Ln $ 10S745-10S771 Clarendon Hill, Willowbrook, IL. Built in 1970 and situated on 24.28 acres, the Offering consists of 304 Units. The 304 Units is comprised of 76 one-bedroom, one-bathroom units, 76 two-bedroom, one-bathroom units, 76 two-bedroom, one-bathroom units, 76 three-bedroom, two-bathroom units.

Amenities include Coin Laundry, Private Balconies, Some In-Unit Laundry, Pool, Clubhouse, Close to Route. 55 and I-294

This opportunity presents a terrific opportunity to add value by bringing the consistency and efficiency of a single ownership group to the property. With a mix of rental and homeowner units, the Waterfall Glen Condominiums have great potential to raise rents to market levels with renovation as units become available. This complex has mix of a majority rentals and many individual owners, creating a large range of rent prices and opportunity to raise rents.




Willowbrook is a small village known for its exceptional services, low taxes and convenience to the metro Chicago region. Located at the nexus of Route 83 and I-55, it's a short five mile drive along Route 83 north to the regional business center of Oak Brook and the I-88 corridor, a quick 15 mile drive east along I-55 to Midway International Airport and only a few minutes from Argonne National Laboratory. Willowbrook's prime location and accessibility to many regional destinations makes it an attractive location for residents, office / commercial companies and light industrial businesses such as Turtle Wax, whose corporate headquarters are located in Willowbrook.

Despite its small size, Willowbrook is well served by an abundance of hotels and thriving retail centers, including the newly constructed Willowbrook Town Center. Willowbrook's superior quality of life is further enhanced by the Village's well-kept ten community parks, the treasures of the nearby Waterfall Glen Forest Preserve, the excellent public schools of the Hinsdale Township High School District 86 (and its elementary school feeder districts) and the established urban fabric where every Willowbrook home is part of a neighborhood and part of the community.

Highlights

• Dupage County
• Deconversion Opportunity
• Below Market Rents
• Pool
• Clubhouse
• in-unit / Coin Laundry
• Private Balconies
• Large Lot
• Close to I-290 and Route 55
• Garage and Paved Parking Spots
• Walk-In closets
• Close to the Des Plaines River
• Storage Lockers
• Individual Electric
• City of Willowbrook
• Close to the Willow Springs Metra Station
• 85% Rentals in Association
• Bulk owner in the property owns 67% of the association and has done an excellent job professionally running the property since acquisition
• 252 number of units rented providing a new buyer excellent financing options rarely seen with other deconversions

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Location

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