Technical
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Distress signals
Property profile

21 Kristin Dr 22 Schaumburg, IL 60195

OFF-MARKET
Office Spaces
Property ID
US28-0778180
12.64 ac lot Built 1972
Entity Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Office Spaces
Use group CONDOMINIUM OFFICES
Year built 1972
Lot 12.64 ac (550,598 SF)
APN 07-10-101-038-1001
UPID US28-0778180

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Distribution Center Logistics Company
  • Shipping Company Freight Service
  • Atm
  • Apartment Complex Apartment Building
  • Nightclub DJ & Entertainment

Location

21 Kristin Dr, Unit 22 Schaumburg, IL 60195-3398
Schaumburg metro Census 804713 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$280k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$275k

Owner & transaction history

since 2022
Last sale
$275,000
4 recorded transactions
2022
Price N/A
2022
$275,000
2010
$100,000
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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