Waterfall Glen

16W571 Mockingbird Ln, Willowbrook, IL 60527

  • For Sale $51,650,000
  • Property Type Multi-Family
  • Property Size 303,164 SF
  • Units 304
  • Lot Size 24.23 Acre
  • Year Built 1970
  • Date Updated Mar 25, 2024
Willowbrook is a small village known for its exceptional services, low taxes and convenience to the metro Chicago region. Located at the nexus of Route 83 and I-55, it's a short five mile drive along Route 83 north to the regional business center of Oak Brook and the I-88 corridor, a quick 15 mile drive east along I-55 to Midway International Airport and only a few minutes from Argonne National Laboratory. Willowbrook's prime location and accessibility to many regional destinations makes it an attractive location for residents, office / commercial companies and light industrial businesses such as Turtle Wax, whose corporate headquarters are located in Willowbrook. Despite its small size, Willowbrook is well served by an abundance of hotels and thriving retail centers, including the newly constructed Willowbrook Town Center. Willowbrook's superior quality of life is further enhanced by the Village's well-kept ten community parks, the treasures of the nearby Waterfall Glen Forest Preserve, the excellent public schools of the Hinsdale Township High School District 86 (and its elementary school feeder districts) and the established urban fabric where every Willowbrook home is part of a neighborhood and part of the community.33 Realty's pleased to present for sale, as a de-conversion opportunity, 21 Kristin Condominiums at 16W450 thru 16W800 Mockingbird Ln $ 10S745-10S771 Clarendon Hill, Willowbrook, IL. Built in 1970 and situated on 24.28 acres, the Offering consists of 304 Units. The 304 Units is comprised of 76 one-bedroom, one-bathroom units, 76 two-bedroom, one-bathroom units, 76 two-bedroom, one-bathroom units, 76 three-bedroom, two-bathroom units. Amenities include Coin Laundry, Private Balconies, Some In-Unit Laundry, Pool, Clubhouse, Close to Route. 55 and I-294 This opportunity presents a terrific opportunity to add value by bringing the consistency and efficiency of a single ownership group to the property. With a mix of rental and homeowner units, the Waterfall Glen Condominiums have great potential to raise rents to market levels with renovation as units become available. This complex has mix of a majority rentals and many individual owners, creating a large range of rent prices and opportunity to raise rents.

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Highlights

  • Dupage County
  • Deconversion Opportunity
  • Below Market Rents
  • Pool
  • Clubhouse
  • in-unit / Coin Laundry
  • Private Balconies
  • Large Lot
  • Close to I-290 and Route 55
  • Garage and Paved Parking Spots
  • Walk-In closets
  • Close to the Des Plaines River
  • Storage Lockers
  • Individual Electric
  • City of Willowbrook
  • Close to the Willow Springs Metra Station
  • 85% Rentals in Association
  • Bulk owner in the property owns 67% of the association and has done an excellent job professionally running the property since acquisition
  • 252 number of units rented providing a new buyer excellent financing options rarely seen with other deconversions

Contacts

broker

Sean Connelly

33 Realty

(773) 899-1334

Location

Getting Around

  • Walk Score ®

    36/100 Car-Dependent
  • Bike Score ®

    34/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Willowbrook, IL
  • Zip Code 60527
  • Market Chicago

Points of Interest

  • Willow Springs

    3.91 miles

  • Lemont

    4.02 miles

  • Clarendon Hills

    5.59 miles

  • Westmont

    5.63 miles

  • West Hinsdale

    5.72 miles

  • Fairview Avenue

    5.89 miles

  • Hinsdale

    6.08 miles

  • Downers Grove Main Street

    6.24 miles

  • Highlands

    6.36 miles

  • Western Springs

    6.87 miles

  • Speedway

    0.60 miles

  • Shell

    1.26 miles

  • Shell

    1.90 miles

  • Shell

    2.48 miles

  • Speedway

    2.70 miles

  • Shell

    3.02 miles

  • Shell

    3.07 miles

  • BP

    3.11 miles

  • Speedway

    3.12 miles

  • Citgo

    3.24 miles

  • Henry De Tonty Woods

    1.97 miles

  • Pulaski Woods - East

    2.91 miles

  • Saganashkee Slough - Central

    2.97 miles

  • Pulaski Woods - South

    2.97 miles

  • Maple Lake Overlook

    2.98 miles

  • Pace Burr Ridge Park-n-Ride

    3.11 miles

  • Steak n' Shake

    3.32 miles

  • Maple Lake East Mountain Bike Staging Area

    3.53 miles

  • Joe's Pond

    3.97 miles

  • Saganashkee Slough - East

    4.30 miles

  • The Champagne Lodge and Luxury Suites

    1.49 miles

  • WoodSpring Suites Chicago Darien

    1.50 miles

  • La Quinta Inn by Wyndham Chicago Willowbrook

    1.96 miles

  • Econo Lodge

    2.04 miles

  • Delta Hotels by Marriott Chicago Willowbrook

    2.15 miles

  • Red Roof Plus+ Chicago - Willowbrook

    2.44 miles

  • Extended Stay America

    2.68 miles

  • Crowne Plaza Chicago SW - Burr Ridge, an IHG Hotel

    2.94 miles

  • Extended Stay America - Chicago - Burr Ridge

    3.09 miles

  • Hampton Inn & Suites

    3.34 miles

  • Pizza Track

    0.24 miles

  • Catfish

    0.26 miles

  • Waffles

    0.31 miles

  • McDonald's

    0.56 miles

  • Falco's Pizza

    1.29 miles

  • Chucks Southern Comfort

    2.07 miles

  • Dell Rhea's Chicken Basket

    2.08 miles

  • Denny's

    2.21 miles

  • Potbelly

    2.45 miles

  • The Patio

    2.56 miles

  • Anne M Jeans Elementary School

    0.41 miles

  • Burr Ridge Middle School

    1.30 miles

  • Gower Middle School

    2.12 miles

  • Gower West Elementary School

    2.26 miles

  • Mount Assisi Academy

    2.42 miles

  • Hinsdale South High School

    2.56 miles

  • Saint Marys Seminary

    2.67 miles

  • Everest Academy

    2.74 miles

  • Lace Elementary School

    2.79 miles

  • Trinity Lutheran School

    2.80 miles

  • Argonne Child Development Center

    0.47 miles

  • Ready, Set, Grow Child Care Center

    1.58 miles

  • Tutor Time of Downers Grove

    3.43 miles

  • Kindercare

    4.59 miles

  • KinderCare

    5.13 miles

  • Bobbie Noonan's Child Care Center

    6.13 miles

  • Little People's Country

    7.94 miles

  • Peter Day

    8.44 miles

  • KinderCare

    8.44 miles

  • Chesterbrook Academy

    8.51 miles

Frequently Asked Questions

What is the lease rate for Waterfall Glen?

Rental asking rate at Waterfall Glen is $25,825,000.00/YR.

What is the total square footage of Waterfall Glen?

Waterfall Glen totals 303,164 square feet.

When was this property built?

Waterfall Glen was built in 1970.

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Contact Listing Broker

broker

Sean Connelly

33 Realty

(773) 899-1334