Property Description

The Property is located at 1995 Yellowstone Drive, Naperville, Illinois 60563, and is known as “Dwell at Naperville.” The Property is situated on an irregular-shaped land parcel totaling approximately 24.26 acres, located on the south side of Warrenville Road to the east of North Washington Street. Interstate 88 borders the Property on the south side. Naperville is located in northeastern Illinois and is approximately 30 miles west of Chicago, and the Property is located approximately three miles from downtown Naperville. The Property is a multifamily residential complex comprised of 20 two and three-story residential Buildings and one leasing office/clubhouse that were reportedly originally constructed in 1997. According to the Property survey, the Property features 506 standard uncovered parking spaces, 120 attached garage spaces, 54 detached garage spaces, 105 tandem spaces, and 19 handicap parking spaces, for an aggregate of 804 parking spaces on the Property. The Buildings consist of a total of 400 Units that provide a total net leasable floor area of approximately 361,119 square feet. As of August 19, 2021, approximately 96.3% of the Units were occupied.

Property Type

Multifamily

Structure

Delaware Statutory Trust

Inland Naperville
Multifamily DST

IL

Remaining Availability

31% Remaining

Total Funds
$66,077,191
Remaining Availability
$20,400,000
Minimum Investment
$100K
Funded To Date
Est. Hold Period
See PPM
Leverage
Equity Raise
$66,077,191
Price/SF or Price/Unit
See PPM

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Location Details

 
 
 

Population

Population Growth

About The Area

The Property is located in Naperville, Illinois, one of the most desired suburbs of Chicago due to its solid employment base, nationally ranked schools, and accessibility to regional business centers. Downtown Naperville is a short three-mile drive from the Property and offers many shopping and dining options along with a robust nightlife. Danada Square West and Rice Lake Square shopping centers present a range of retail options including grocery stores such as Whole Foods, Jewel-Osco, and Aldi. I-88, which helps connect residents to Chicago and other surrounding suburbs, is just two miles from the Property. The Metra train station – only three miles from the Property – can also transport residents to downtown Chicago for employment or to explore the city’s many attractions. There are many well-known companies in close proximity to the Property, such as Navistar, Microsoft, Nicor, Exelon, BP, and BMO Harris.

 

Sponsor