3400 North Old Arlington Heights Road

Timber Court is a 72-unit multifamily investment property in Arlington Heights, Illinois. Timber Court is located one block south of Dundee Road, which provides convenient east-west access to US 53, I-90, and I-294, resulting in less than a 30-minute drive time to O’Hare International Airport. Average drive time to the Chicago Loop business district is 45 minutes.

The property consists of two (2) identical 36-unit buildings constructed in 2008. The unit mix is fifty-six (56) two-bedroom/two-bath units (average unit size 1,329 square feet) and sixteen (16) one-bedroom/one-bath units (average unit size 983 square feet). Each building has heated indoor parking, sufficient outdoor surface parking, and excess storage for tenants.

Timber Court was built as condominiums. The original development plan included a third building, which was previously approved by the Village for a third identical 36-unit building. This investment is subject to approval by the Timber Court Condominium homeowners association through a Section 15 deconversion process; however, it is important to note that approximately 85% of the units are owned and leased by a single investor.

Timber Court is an opportunity to invest in a stabilized suburban Chicago multifamily property with demonstrable upside through professional management and leasing.