Park Ridge Commons
9020 Washington | Des Plaines, IL 60016
N/A
Sale Price
Property Details
| Price Summary | N/A |
| Number Of Units | 752 |
| Close Date | 12/2021 |
Property Description
Kiser Group is pleased to present Park Ridge Commons for sale on an exclusive basis. Park Ridge Commons is located in unincorporated Des Plaines, IL, approximately 20 miles northwest of Chicago and 5 miles northeast of O'Hare in Cook County. The property is a garden-style complex with 752 units, located in 47 buildings, and sits on nearly 43 acres.
Park Ridge Commons offers a favorable unit mix of 423 1-bedroom units and 329 2-bedroom units. The units, which have been well maintained and updated to a consistent standard through the years offers residents sleeve air conditioning, dishwashers, hardwood floors, walk-in closets, as well as access to high speed internet. Based on the level of unit finish, as well as the sellers professional management style occupancy at the property has historically exceeded 95%.
In addition to the attractive units, Park Ridge Commons offers residents a myriad of common area amenities. These amenities include on-site management staff, a pool and sundeck, a clubhouse with fitness center, laundry facilities, storage facilities, package reception services, as well as volley ballcourts, tennis courts and open spaces.
Park Ridge Commons is a rare offering due to its size and excellent physical and financial condition and provides the opportunity for a buyer to have an immediate and substantial presence in this market.
Location Description
Unincorporated Des Plaines between Dempster and Golf Road and east of I-294 and west of Milwaukee Ave. It is about 5 miles northeast of O'Hare and 20 miles northwest of downtown Chicago
Highlights
- Garden Complex Made Up of 47 Buildings
- Attractive Unit Mix of One and Two Bedroom Units in Walk Up Style Buildings
- On Site Management with Historically High Occupancy
- Located in the Golden Corridor
- Amenities Include Pool, Volleyball Courts, Fitness Center, Tennis Courts, and More
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| 1 Miles | 3 Miles | 5 Miles | |
|---|---|---|---|
| Total households | 9,427 | 56,122 | 125,554 |
| Total population | 25,763 | 146,849 | 327,477 |
| Population white | 55.7% | 73.0% | 77.6% |
| Population black | 3.9% | 2.1% | 1.5% |
| Population hispanic | 9.3% | 10.4% | 10.3% |
| Population asian | 36.1% | 18.8% | 14.8% |
| Population pacific islander | 0.0% | 0.0% | 0.0% |
| Population american indian | 0.0% | 0.1% | 0.1% |
| Population other | 3.6% | 4.9% | 4.7% |
| Persons per household | 2.7 | 2.6 | 2.6 |
| Average household income | $65,571 | $81,282 | $89,750 |
| Average house value | $258,944 | $381,511 | $390,593 |
| Average age | 38.7 | 42 | 42.2 |
| Average age male | 37.1 | 39.7 | 40.3 |
| Average age female | 40.3 | 43.7 | 43.6 |