27 W Park Blvd
- Brand-New 2026 Construction -- Institutional-Quality 23-Unit Asset
- Highly Coveted DuPage County Location with Easy Access to Downtown Villa Park and neighboring Elmhurst, Lombard and Oak Brook
- Turnkey Stabilized Income -- 87% Leased in 90 Days with Additional Income Stream Including RUBS and Parking (Heated Garage & Surface)
- Efficient New-Construction Operations with Low Expenses Aided by On-Site Electric Panels and Tenant-Paid Utilities
- Prime Transit-Oriented Location -- Walkable to the Villa Park Metra (UP-W) with Easy Access to I-290 and I-355
- Path-of-Growth Submarket – Walking Distance to Villa Park’s Newest Apartment Development, The Union, a 238-Unit, $90MM Project
Property Description
Essex Realty Group, LLC has been exclusively engaged to market for sale Ardmore Flats, a 23-unit, newly constructed apartment building located in Villa Park, Illinois. Completed in April 2026, the property offers a rare opportunity to acquire an institutional-quality, transit-oriented asset in the heart of DuPage County with no deferred maintenance or near-term capital needs, and a full complement of modern building systems. Ardmore Flats spacious unit mix is comprised of the following: - Nine (9) one-bedroom/one-bathroom (777 SF avg) - Two (2) one-bedroom + Den/one-bathroom (925 SF) - Eight (8) one-bedroom + Den/two-bathroom (1,008 SF) - Four (4) two-bedroom/two-bathroom (1,151 SF avg) With an average 926 square feet across all units, the layouts offer residences large floor plans catering to today’s modern tenants and their WFH needs. Each residence features high-end finishes throughout, full size in-unit laundry, Wi-Fi thermostats, private outdoor space, and easy access to heated garage parking. Ardmore Flats began leasing May 2026 and is currently 87% occupied in 90 days – demonstrating the strong leasing demand for newer product in DuPage County. In addition to apartment rental income, the property generates meaningful ancillary income through a RUBS program covering internet, trash, and gas as well as garage and surface parking charges. In total, the two income streams provide ownership with approximately $100,000 of additional annual income. Location Information The location is a defining strength. Ardmore Flats is adjacent to the popular Prairie Path and walking distance to Downtown Villa Park and the Villa Park Metra station, placing residents roughly 30 minutes from Ogilvie Transportation Center and downtown Chicago, with I-290 and the I-355 tollway both minutes away. The property fronts Villa Park's downtown Ardmore Avenue corridor, which has been awarded federal Surface Transportation Program funding for roadway and streetscape improvements, and it benefits from proximity to the employment and retail base of Oak Brook, Lombard and Elmhurst Investor demand for the submarket was recently validated by The Union Villa Park, a $90 million, 238-unit luxury development breaking ground with MetLife equity and municipal TIF support, underscoring the long-term rental fundamentals of the immediate area. Newly built and efficiently operated in a supply-constrained DuPage submarket, Ardmore Flats offers a genuine turnkey opportunity suited equally to buyers seeking passive, stabilized income, a seasoned investor pursuing new-construction quality at scale, or a first-time multifamily owner acquiring a professionally built, management-friendly asset.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $10,200,000 |
| No. of Units: | 23 |
| Lot Size: | 0.13 Acres |
| Opportunity Zone: | No |
| Price per unit: | $443,478 |
| Property Website | Click Here |
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Cap Rate Calculation
Step 4Final Deal Analysis
Similar Properties in the Area
3428 Hennepin Avenue S
Minneapolis, Minnesota
Brokers
View All-
Remax Professionals
Re/Max Real Estate Professionals | New York
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout