Projects

Residential

Elm Creek Apartments

Elmhurst, Illinois

Elm Creek Apartments is a 400-unit multifamily community located in Elmhurst, Illinois, situated within the high-barrier DuPage County submarket of suburban Chicago. Built in 1987, the property offers a diverse unit mix ranging from one-bedroom to three-bedroom floor plan.

The asset benefits from proximity to the O’Hare corridor employment ecosystem and Elmhurst Hospital, while being served by top-rated District 48 and 88 schools—attributes that attract stable, long-term family tenancy. DuPage County’s median household income exceeds $145,000, providing a strong income base to support continued rent growth.

Restrictive zoning in Elmhurst creates a meaningful supply moat, limiting new competitive inventory in the immediate submarket.

The value-add business plan targets renovation of 144 units, alongside a comprehensive systems-driven deferred maintenance program addressing 1987-vintage roofing, mechanicals, and safety infrastructure.

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