21 Kristin Dr Schaumburg, IL 60195
- Office Properties & Spaces
- 12.64 lot acres
Current Use by Public Records
- Nelson Technologies / Distribution Service / Industrial Equipment Supplier
- Africa Shipping Lines / Shipping Company / Freight Forwarding Service
- ATM / Atm
- 21 Kristin Apartments / Apartment Complex / Apartment Building
- Harry’s Spot / Night Club
Property Details for 21 Kristin Dr
- Year built
- 1972
- Lot size
- 12.64 lot acres
- Property type
- Office Properties & Spaces
- 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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $295,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $225,000
- 6.5%
- $220,000
- 7%
- $220,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $245,000
- Geo Method
- $240,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $170,000
- Retail
- $235,000
- Mixed-Use
- $210,000
- Hospitality
- $165,000
- Educational
- $205,000
- Residential Income
- $195,000
- Energy
- $210,000
- Income-Based Land
- $175,000
- Food Service
- $180,000
Location Insight
- Map
- Local Demand
- City
- Schaumburg
- County
- Cook
- State
- Illinois
- Longitude
- -88.0811
- Latitude
- 42.0579
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
