Iroquois Club
THE STORY

264-unit multi-family project in one of Money Magazine’s 2014 Best Places to Live.

Iroquois Club
Open Investment
75% funded
75% Complete
Asset Class
Multi-family
Projected IRR
15.92%
Hold Period
5 Years
Total Equity
$12,200,000

THE PROPERTY

The Iroquois Club is a 264-unit multi-family project located in Naperville, IL along the I-88 corridor, 25 miles west of Chicago. Residents are drawn to Naperville for its job opportunities, top-ranking school districts and short commutes to Chicago via two Metra stations. In 2014, Money Magazine ranked Naperville 33rd in the nation on their “Best Places to Live” survey.

Developed in 1989, Iroquois Club consists of two, four-story, brick, elevator buildings that are connected through a grand lobby. Its amenities include a large community room overlooking the glass-enclosed swimming pool, a newly renovated fitness center and clubroom. The property is walking distance to neighborhood retail amenities and has an underground parking garage connected to the building.  Across its 16 acres are full size tennis courts, jogging trails and a chipping green.

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