Executive Summary
CRER is proud to present 1300 Jefferson, a 16 unit luxury apartment conversion in downtown Des Plaines. Ideally located within walking distance to the Metra and downtown shopping district and within a short drive to I-294, I-90 and O’Hare International Airport, this meticulously renovated adaptive reuse boutique building provides investors the opportunity to purchase a turn key, buy and hold asset in a growing suburban Chicago location.
The prior office building was gutted and the interior retrofitted for 16 condo quality apartments with work that includes upgraded electric and water service, remodeled common areas, new HVAC and a new wet sprinkler system, tearing-off and replacing two of the three roof sections and resurfacing the third roof section, applying two-tone decorative dryvit to the exterior, and upgrading the parking areas.
The property consists of two 3 bed/3 bath units and 14 2 bed/2 bath units featuring condo quality finishes, brand new stainless steel appliances, brand new hot water heaters and furnaces, in-unit washer and dryer, and hardwood floors throughout. The primary bathroom in all units feature a double vanity sink and large glass enclosed shower with rain showerhead.
