The Grove at Schaumburg — Sale in Schaumburg, IL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Schaumburg, IL 60193
  • Size: 299,375 SF
  • Year built: 1973

Photos

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Description

Jones Lang LaSalle Americas (Illinois), L.P. (JLL) is pleased to present The Grove at Schaumburg (the “Property” or “The Grove”), a 367-home garden-style apartment community located in the upscale northwest suburb of Schaumburg. The Grove at Schaumburg provides residents with comfortable living in a variety of in-demand apartment layouts from one-bedroom to three-bedroom homes. There is a plethora of on-site amenities including an outdoor pool and sundeck, playground, tennis court, fitness center, community lounge, game room, and more. Due to continued investment in the property by current ownership and strong performance of the submarket, a new investor has the opportunity to put their touch on the project by employing an apartment interior value-add program. The Grove at Schaumburg offers a perfectly positioned location with convenient access to major employment centers, distinguished dining and retail establishments, and an abundance of nearby golf courses, parks, and nature preserves. Residents benefit from proximity to Schaumburg’s highly- rated public school system and leading healthcare institutions. This opportunity is available free and clear.

Market Context

This multifamily in Schaumburg, IL is listed for sale across 299,375 SF. The building dates to 1973. Compare it against other multifamily listings for sale in Schaumburg, IL — view the full market.

As of Q1 2026, the Chicago multifamily market showed average asking rents near $2018.50/unit/mo, and rents up 3.1% year over year. Source: multiple brokerage reports, Q1 2026.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

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