ProjectsResidentialYorktown Apartments Lombard Illinois
Yorktown Apartments is a 292-unit multifamily community located in Lombard, Illinois, situated adjacent to the Yorktown Center mixed-use redevelopment project in DuPage County. The property’s distinctive high-rise and mid-rise configuration includes structured parking and a rooftop pool—making it the only high-rise in the submarket and offering views and amenities that lower-rise competitors cannot replicate. As the sole high-rise multifamily asset in the immediate submarket, Yorktown benefits from an irreplaceable competitive moat and direct pricing power over surrounding garden-style product. The adjacent Yorktown Center redevelopment is transforming into a walkable retail and dining destination, further enhancing the property’s lifestyle appeal. The asset also includes entitled land for 108 additional units. The value-add business plan targets interior renovation of 135 units. In parallel, a comprehensive high-rise systems overhaul—covering chillers, elevators, and electrical infrastructure—will de-risk the asset and reduce long-term capital exposure. |
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