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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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GRAND OAK'S POWERFUL VALUE-ADD OPPORTUNITY:
investment highlights
858
AVG UNIT SIZE
150
UNITS
1976
year built
overview
1
2
3
PETE EVANS
Senior Managing Director 847.226.0836 | pete.evans@berkadia.com
richard evans
Senior Director
773.991.3321 | richard.evans@berkadia.com
INVESTMENT SALES
market-rate + affordable value-add multifamily invesTment opportunity
SUBURBAN CHICAGO • LAKE COUNTY
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VILLAGE OF GURNEE + LAKE COUNTY: SUBURBAN CHICAGO’S HIGHLY EDUCATED, HIGH-EARNERS
GRAND OAKS is Surrounded by FORTUNE 500s + MAJOR HEADQUARTERS: — 9 mi. to ABBVIE | F 500: #77 | 15,000+ Jobs — 9 mi. ABBOTT LABS | F 500: #108) | 5,000+ Jobs — 12 mi. to ULINE Corporate HQ | 10 Million SF Campus | 3,500+ Jobs
#1 Life Sciences Industry in the Midwest | #3 in U.S. (by County) — 51% of Illinois’ Life Sci Jobs | 160+ Companies
Best Places to Live in Illinois with A-Grade Public Schools (Niche, 2024)
Exceptional Transit + Transportation: — I-94 | 4 Metras, 32 Stations | 3 Int’l. Airports | Clean Diesel Bus Fleet
SUPPLY / DEMAND IMBALANCE DRIVES RENTS:
Standout Submarket Rent Growth: 4.3% | 5X U.S. Avg. (Nov. 2024, YoY)
2025 Projected Rent Growth: 4.8% (Nov. 2024)
$180,000: Average Household Income (5 mi. radius | GRAND OAKS)
79% White Collar Workers (1 mi.)
Renters Stay Put Here: 10.2 Years | Avg. Residency (1 mi.)
Rent Wallet Share: Only 27.7% | Home-Owning Wallet Share: 49.8%
$346,922: Median Home Value (1 mi.)
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125 South Wacker Drive, Suite 400
Chicago, IL 60606
Phone: 312.845.8500
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laura cathlina
Senior Managing Director 312.339.5343 | laura.cathlina@berkadia.com
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