Colchester Apartments

Immersed in the welcoming community of Colchester, IL, the surrounding area offers an inviting blend of small-town charm and urban convenience for multifamily/low-rise/garden investors. The downtown district features a variety of local businesses and dining options, providing essential amenities for residents. Nearby, Argyle Lake State Park offers a serene retreat and outdoor recreational opportunities, further enriching the area's appeal. With its friendly atmosphere, convenient access to amenities, and a tranquil community ambiance, Colchester presents an attractive opportunity for investors interested in fostering a thriving environment for multifamily and low-rise properties.Performance Real Estates Advisors (PREA) is pleased to present the exclusive listing of the Illinois USDA Portfolio (“The Portfolio”). The offering is comprised of 11 communities across Illinois totaling 252 units. Each community ranges from 12 to 40 units and consists of various building types. 8 of the 11 communities have been previously redeveloped using Low Income Housing Tax Credits (LIHTC). An incoming investor can expect to substitute into both the GP and LP positions for all properties. There are immediate or future renovation opportunities utilizing LIHTC or other funding sources.