Lincoln Station Rowhomes New Lenox, IL

Investment Highlights

• Best-in-Class Asset: 2024 Construction 
• Chicagoland Economic Drivers - Will County Politics
• Exceptional Lease Up Speaks to Asset’s Desirability & Quality 
• Strong Surrounding Demographic Profile & Top Schools
• No New Supply in Immediate Market
• Near Employment & Retailers with Highway Connectivity, Adjacent to Metra Train Station
• Offered Free and Clear of Existing Debt 

Best-in-Class Asset: 2024 Construction 

Lincoln Station Rowhomes exemplifies superior craftsmanship in every detail, showcasing exceptionally high-quality construction that sets a new standard for residential living. The community is designed to offer residents a truly elevated lifestyle, featuring a comprehensive suite of resort-style amenities. Each unit within Lincoln Station Rowhomes showcases luxurious finishes, offering a living experience that is unparalleled in the market.

Chicagoland Economic Drivers - Will County Politics

The property enjoys the advantages of being part of the third-largest metropolitan statistical area (MSA) in the United States, benefiting from its strong economic drivers while avoiding the associated political risks. Lincoln Station Rowhomes, situated in Will County, offers a distinct advantage with significantly lower tax and political volatility compared to neighboring counties. This strategic location ensures residents and investors alike benefit from a more stable and predictable tax environment, providing peace of mind and financial certainty that is increasingly rare in today’s market.

Exceptional Lease Up Speaks to Asset’s Desirability & Quality 

Lincoln Station Rowhomes delivered in February 2024 and has experienced a phenomenal lease-up despite traditional lesasing seasonality, prospect tours and move-ins navigating an active construction site, and without the completion of the full amenity package offering. In less than 6 months, the property is 75% leased with ZERO concessions and even with very strict tenant qualifications, there has been ZERO bad debt. The demand validates the developer’s thesis that there was a void in the marketplace for luxury multifamily product. The project is on track to stabilize as the final buildings are delivered in September and October. Lincoln Station is currently 75% leased and based on leasing velocity is projected to stabilize at +90% occupancy this Fall.

Tenant Services