Multifamily Housing
9020 Washington Drive Des Plaines, IL 60016
Details & Description
Call for Pricing
    Kiser Group is pleased to present Park Ridge Commons for sale on an exclusive basis. Park Ridge Commons is located in unincorporated Des Plaines, IL, approximately 20 miles northwest of Chicago and 5 miles northeast of O'Hare in Cook County. The property is a garden-style complex with 752 units, located in 47 buildings, and sits on nearly 43 acres.Park Ridge Commons offers a favorable unit mix of 423 1-bedroom units and 329 2-bedroom units. The units, which have been well maintained and updated to a consistent standard through the years offers residents sleeve air conditioning, dishwashers, hardwood floors, walk-in closets, as well as access to high speed internet. Based on the level of unit finish, as well as the sellers professional management style occupancy at the property has historically exceeded 95%.In addition to the attractive units, Park Ridge Commons offers residents a myriad of common area amenities. These amenities include on-site management staff, a pool and sundeck, a clubhouse with fitness center, laundry facilities, storage facilities, package reception services, as well as volley ballcourts, tennis courts and open spaces.Park Ridge Commons is a rare offering due to its size and excellent physical and financial condition and provides the opportunity for a buyer to have an immediate and substantial presence in this market.
    Property Highlights
     Amenities Include Pool, Volleyball Courts, Fitness Center, Tennis Courts, and More
     Attractive Unit Mix of One and Two Bedroom Units in Walk Up Style Buildings
    Listing Agents
    Lee Kiser

    O: 773-293-5000
    lkiser@kisergroup.com
    Danny Mantis

    O: 773-293-5095
    dmantis@kisergroup.com
    Matt Halper

    O: 773-293-5092
    mhalper@kisergroup.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    9020 Washington Drive

    Des Plaines, IL 60016

    Park Ridge Commons

    Listing ID: 279936
    • 9020 Washington Drive Des Plaines, IL 60016 | for Sale | Photo 1
    • 9020 Washington Drive Des Plaines, IL 60016 | for Sale | Photo 2
    • 9020 Washington Drive Des Plaines, IL 60016 | for Sale | Photo 3
    9020 Washington Drive | for Sale | Thumbnail 1
    9020 Washington Drive | for Sale | Thumbnail 2
    9020 Washington Drive | for Sale | Thumbnail 3
    Building Size: 628,869 SF
    Lot Size: 43.000 AC
    Land Size: 1,873,080 SF
    Building $/SF: --
    Land $/SF: --
    Price
    Call for Pricing
    Property Highlights
    Garden Complex Made Up of 47 Buildings
    Attractive Unit Mix of One and Two Bedroom Units in Walk Up Style Buildings
    On Site Management with Historically High Occupancy
    Located in the Golden Corridor
    Amenities Include Pool, Volleyball Courts, Fitness Center, Tennis Courts, and More
    Description

    Kiser Group is pleased to present Park Ridge Commons for sale on an exclusive basis. Park Ridge Commons is located in unincorporated Des Plaines, IL, approximately 20 miles northwest of Chicago and 5 miles northeast of O'Hare in Cook County. The property is a garden-style complex with 752 units, located in 47 buildings, and sits on nearly 43 acres.

    Park Ridge Commons offers a favorable unit mix of 423 1-bedroom units and 329 2-bedroom units. The units, which have been well maintained and updated to a consistent standard through the years offers residents sleeve air conditioning, dishwashers, hardwood floors, walk-in closets, as well as access to high speed internet. Based on the level of unit finish, as well as the sellers professional management style occupancy at the property has historically exceeded 95%.

    In addition to the attractive units, Park Ridge Commons offers residents a myriad of common area amenities. These amenities include on-site management staff, a pool and sundeck, a clubhouse with fitness center, laundry facilities, storage facilities, package reception services, as well as volley ballcourts, tennis courts and open spaces.

    Park Ridge Commons is a rare offering due to its size and excellent physical and financial condition and provides the opportunity for a buyer to have an immediate and substantial presence in this market.

    Points of Interest & Demographic Radii

    Points of Interest
    Demographic Radii
    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     
    Chicago History of Multifamily Housing for Sale

    Des Plaines Area Market Trends

    Listing Demographics for 9020 Washington Drive Des Plaines, IL 60016

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

    1-Mile 3-Miles 5-Miles
    Total Population26,697144,969333,828
    Population Median Age414242
    Population by Age0-9 Yrs3186 (11%)16208 (11%)38598 (11%)
    10-19 Yrs2253 (8%)15825 (10%)38301 (11%)
    20-29 Yrs4220 (15%)15789 (10%)33549 (10%)
    30-39 Yrs3970 (14%)18690 (12%)41773 (12%)
    40-49 Yrs2830 (10%)17577 (12%)42756 (12%)
    50-59 Yrs3509 (13%)21911 (15%)49176 (14%)
    60-69 Yrs3354 (12%)18742 (12%)42050 (12%)
    70+ Yrs3375 (12%)20228 (13%)47625 (14%)
    Median HH Income$62,751$76,025$81,736
    Total Household Income< 24K1742 (17%)8186 (15%)18408 (14%)
    25-49K2025 (20%)10343 (19%)21342 (16%)
    50-74K1932 (19%)8395 (15%)19302 (15%)
    75-99K1342 (13%)6850 (12%)15989 (12%)
    100-199K2141 (21%)14476 (26%)35156 (27%)
    200K+565 (5%)6160 (11%)16524 (13%)
    Highest Education LevelNo Diploma28431042221775
    Diploma or GED45402265149295
    Some College30401789741067
    Assoc. Degree1843885618136
    Bachelors Degree49242891067707
    Higher Degree24021746244650
    Total Housing Units10,35957,811134,751
    --Owner-Occupied5,67340,21993,267
    --Renter-Occupied4,07314,19133,455
    Owner-Occupied Values< 100K95124865444
    100-199K1983738213204
    200-299K12941056721536
    300-399K518865822381
    400-499K340463512617
    500K+587649218085
    Total Working Age Population22,054119,180271,896
    In Work Force14,37876,539173,916
    Not In Work Force7,67742,64197,980
    Workforce Employed13,75773,498167,308
    Workforce Unemployed6213,0096,499
    Civlian Workforce14,37876,507173,807
    Military Workforce032109
    Total Households9,74654,410126,722
    Family Households6,67636,92486,656
    Non-Family Households3,07017,48740,066
    Married Couple4,92629,39270,773
    Other Family1,7507,53215,882
    Married w/Child2,19112,10529,268
    Single Male w/Child1307141,526
    Single Female w/Child5072,0304,723

    Population Change Last Two Decades - Plus Projection

    2000%2010%2020%2030
    Illinois12,419,293+312,830,632+1214,316,487+615,138,849
    Cook County5,376,741-35,194,675+105,707,832+55,990,243
    DuPage County904,161+1916,924+101,010,323+21,034,039

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    Common Questions and Answers

    What is the building size of this Multifamily property in Des Plaines, IL?
    The size of the building/unit at 9020 Washington Drive in Des Plaines is 628,869 square feet
    How much land does the Des Plaines, IL property at 9020 Washington Drive include?
    9020 Washington Drive in Des Plaines includes 43.000 acres of land
    What is the population within 1 mile of 9020 Washington Drive in Des Plaines?
    The population within 1 mile of 9020 Washington Drive Des Plaines, IL 60016 is 26,697 people.
    Who do I contact for questions about 9020 Washington Drive?
    You should contact the listing agent, Lee Kiser, for any details regarding this commercial listing.

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    Closest Commercial Airports

    Airport Distance (mi)
    Chicago O'Hare International Airport (ORD) 5
    Chicago Midway International Airport (MDW) 19
    General Mitchell International Airport (MKE) 62
    Price
    Call for Pricing
    Listing Agent
    Listing Co-Agent
    Lee Kiser - CRE Agent at

    Danny Mantis

    Kiser Group
    Listing Co-Agent
    Lee Kiser - CRE Agent at

    Matt Halper

    Kiser Group
    More listings from Lee Kiser
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