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100 Lakeside Dr, St. Charles, IL 60174
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100 Lakeside Drive, St. Charles, IL 60174
Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage company business in Nevada.
© 2024 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by Berkadia Affordable Tax Credit Solutions. For state licensing details for the above entities, visit www.berkadia.com/licensing.
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LAURA CATHLINA
Senior Managing Director
laura.cathlina@berkadia.com
312.339.5343
RICHARD EVANS
Senior Director
richard.evans@berkadia.com
773.991.3321
License #: 475.127322
PETE EVANS
INVESTMENT SALES
MORTGAGE BANKING
Senior Managing Director
pete.evans@berkadia.com 847.226.0836
License #: 471.014084
CONTACT Us
PHOTO GALLERY
969 SF
400
387,233 SF
25.518 Acres
Garden-Style
Two and Three
650 Spaces
Average Unit Size:
Number of Units:
2000
Year Completed:
Total Rentable Area:
Site Size:
Building Type:
Stories:
Parking:
100 Lakeside DrIVE, St. Charles, ILLINOIS 60174
PROPERTY SUMMary
Built In 2000 in Affluent St. Charles
Exceptional Amli Quality Development
Recently Renovated Clubhouse
340 (85%) Units are Poised for Unit Renovations
The Remaining 60 (15%) Units Have Been Renovated Since 2018
Future-Proof Floor Plans with 9-Foot Ceilings
Direct-Access Unit Options
Attached & Detached Garage Options
Resort-Style, Low-Density Living on 25 Landscaped Acres
Excellent Schools
High Income Demographic & Sticky Tenancy
Low Rent as Percentage of Wallet Share
At the Axis of Two Major Suburban State Routes
PROPERTY HIGHLIGHTS
A verage Household Income: $165,088
( within 1/2 mile of Ascend St. Charles )
Median Home Value: $415,132 (1 mile)
Jobs Proximity Index: 90% “Excellent”
79% White Collar Workers (1 mile)
$1.5 Billion in Consumer Spending (5 miles)
Stellar Submarket Rent Growth: 4% | 5 X U.S. Average)
( April 2024, YoY | Compare to National: 0.8% )
Strong Submarket Occupancy: 94.5%
( April 2024 | Compare to National: 92.2% )
Occupancy Projected for 2024 - 2029: 94.3%
Rent Wallet Share ( 29.3% ) is Significantly Lower Than Home-Owning Wallet Share ( 46.6% )
ROBUST RENT PROFILE + THE DREAM DEMOGRAPHIC
POWERFULLY POSITIONED: ASCEND ST. CHARLES
+ FOX RIVER VALLEY SUBMARKET
A 400-UNIT VALUE-ADD OPPORTUNITY THAT MEETS
THE MOST STRINGENT INVESTMENT CRITERIA
Ascend St. Charles is a magnificent 400-unit suburban multifamily community set on 25+ acres, and built in 2000. The low density landscaped site features 20 three-story residential buildings with a detached clubhouse, 20 detached garage buildings, and 650 total parking spaces (1.6 spaces per unit). The intelligent unit mix, with an ample average of 969 SF, is perfectly tailored to the suburban renter set.
From top-tier location to future-forward execution — Ascend St. Charles is an enduring outperformer with significant value-add upside.
ASCEND ST. CHARLES
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POSITIONED TO DRIVE RETURNS:
1. PROVEN-EXECUTION PLATFORM: AMPLIFY RENTS $400 (2024 RENO)
• NEW 2024-RENOVATED UNIT: LEASED < 24 HOURS OF LISTING
2. NEIGHBORHOOD GEM: #1 BEST PUBLIC SCHOOLS IN KANE COUNTY,
CHARMING HISTORIC DOWNTOWN ST. CHARLES, + #1 SAFETY RATING
3. STRONG ST. CHARLES DEMOGRAPHICS | SURROUNDED BY
WALKABLES, SHOPPING, + SPLENDOR:
• STARBUCKS, JEWEL OSCO, TARGET, PARKS, FOREST PRESERVES,
COUNTRY CLUBS, WINERIES
4. COVETED 360° CONNECTIVITY: 4-MINUTE METRA | ALONG ROUTE 64,
CORE OF I-88 TECH CORRIDOR + I-90 | RAPID ACCESS TO CHICAGO
CBD’S 610,000 JOBS, 31 FORTUNE 500 HQs,
+ 1 MILLION SUBURBAN JOBS
5. ASCEND’S SPECTACULAR RENTER RATINGS:
• 5 STARS @ THE BIG 3, APARTMENTS.COM, ZILLOW, + TRULIA
EMILY STANG
Senior Director
emily.stang@berkadia.com
630.803.5941