21 Kristin DrSchaumburg, IL 60195

Property Details for 21 Kristin Dr

Year built

1972

Lot size

12.64 AC

Property type

Office properties

APN

07-10-101-038-1001

APU

7101010381001

Description

The Apartments at XXI, a Class A, 357-unit apartment building in Schaumburg, IL, presents a compelling investment opportunity. Built in 1980 and fully renovated in 2023, this fee-simple property boasts a desirable mix of one, two, and three-bedroom units. Residents enjoy an array of on-site amenities including a resort-style swimming pool, fitness center, library, conference rooms, business center, theater room, tennis court, private balconies, and surface/garage parking. Its convenient location offers easy access to restaurants, shops, and parks within a 15-minute walk, catering to an active lifestyle. Furthermore, its proximity to major Fortune 500 employers in Chicago, including JP Morgan Chase, Walgreens, and Abbott Laboratories, ensures high demand and a strong tenant pool. The affluent neighborhood, with an average income exceeding $133,000 within a five-mile radius, contributes to the property's exceptional investment potential. This prime location, coupled with the extensive recent renovations and desirable amenities, makes The Apartments at XXI an attractive asset in the competitive Chicago-area multifamily market. The property is situated at 21 Kristin Dr, Schaumburg, IL 60195, in Cook County.

• CAP approach

  CAP return

  Valuation

  6%

  $99,417,008

  6.5%

  $91,769,544

  7%

  $85,214,576

• Comparable approach

  Method

  Valuation

  Relative Method

  $55,898,464

  Geo Method

  $71,715,392

• Alternative Use

  Use

  Valuation

  Residential

  $113,794,232

  Hospitality

  $104,234,904

  Educational

  $86,722,216

  Medical

  $89,704,728

  Retail

  $134,901,232

Location Insight

City

Schaumburg

County

Cook

State

Illinois

Latitude

42.0579

Longitude

-88.0811

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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