Cortland Estates offers a rare opportunity to acquire a 96-unit LIHTC community in Dekalb County, one of Illinois’ fastest-growing regions. Located approximately 40 miles west of the Chicagoland area, this property was built in 1998 and operates under a 40-year income restriction agreement, providing long-term affordability compliance. The unit mix includes spacious two- and three-bedroom layouts, catering to families of various sizes and ensuring strong demand.
The property maintains a consistently high occupancy rate and features a range of amenities designed to enhance resident satisfaction. Positioned near Grove Shopping Center, Cortland Elementary School, and Cortland Area Community Park, the location offers convenient access to retail, dining, and recreational options. Residents also enjoy proximity to Town Center Park and nearby nature trails, creating a balanced lifestyle of convenience and outdoor activity.
For investors, Cortland Estates represents a stable, income-restricted asset with potential for operational optimization. Its location within a growing county and its established community appeal make it a compelling addition to any multifamily portfolio focused on affordable housing.