At Investments Elevated, we are proud to announce our pending acquisition of Woody Creek Condos in Schererville, Indiana. This strategic investment aligns with the rapid growth and evolution of the luxury housing market, reflecting national and regional trends in multifamily real estate. With a comprehensive renovation plan in place, we are committed to elevating Woody Creek Condos into a premier living destination that embodies modern elegance, superior amenities, and a lifestyle of comfort and convenience.
The Inspiration Behind Our Transformation
The luxury housing market is experiencing a resurgence. As highlighted in a recent report on the New York real estate market, demand for high-end properties is rebounding as homebuyers and renters seek more refined living spaces. While this trend is particularly evident in major metropolitan areas, it is also influencing suburban markets like Schererville, where residents are looking for upscale living without the congestion of urban centers.
Schererville is thriving with strong economic fundamentals:
1.5% Vacancy Rate: Far below the national average, ensuring consistent demand.
8.1% Population Growth: Outpacing the national average over the last decade.
2.9% Unemployment Rate: Significantly below the U.S. average (4.1%).
Proximity to the Chicago MSA: Attracting migration from high-tax Illinois.
Additionally, national rent growth is stabilizing after an extended period of rapid increases. According to a report on January rent trends, rental rates are now returning to historical norms, with moderate increases reflecting steady demand. The Indianapolis multifamily housing sector has reached a decade-high demand, fueled by population growth and declining vacancy rates. With this market shift, we recognize the importance of offering a high-value, luxury living experience that justifies rising rental rates.
Market Analysis & Competitive Positioning
To provide further context on our investment, a detailed market analysis has been conducted that includes:
Chicago-Naperville-Elgin, IL-IN-WI Apartment Market Overview
Merrillville/Portage/Valparaiso Apartment Submarket Insights
Competitive Dataset Analysis
Transaction Trends & Market Projections
According to MPF Research, the Chicago-Naperville-Elgin metro area has a current inventory of 763,415 units with an occupancy rate of 95.1%. Rent growth remains strong with an average rental rate of $2,062 per unit per month and an annual revenue increase of 2.9%. Additionally, in the Merrillville/Portage/Valparaiso submarket, occupancy remains high at 96.0%, with low vacancy rates supporting continued rent increases.
Competitive Rent Analysis
A rent roll dated January 6, 2025, was analyzed to evaluate the current leasing environment. Woody Creek Condos currently maintains an 87.5% occupancy rate, with an average rental price of $1,474 per unit ($1.12 per square foot). Recent leases indicate a stable demand, aligning closely with market trends. The property features individually metered electric and gas utilities, with tenants paying an additional $85 per month for water and sewer services.
A comparative rental analysis was conducted against similar properties in the area:
Prairie Point & The Reserve (Merrillville, IN): $1,800 per unit, $1.63/sf, 96.3% occupancy
Whitcomb Terrace Apartments (Merrillville, IN): $1,398 per unit, $1.47/sf, 96.2% occupancy
Sherwood Lake (Schererville, IN): $1,358 per unit, $1.40/sf, 92.0% occupancy
Brickshire Apartments (Merrillville, IN): $2,008 per unit, $2.01/sf, 97.0% occupancy
Embassy Place Apartments (Highland, IN): $2,153 per unit, $1.76/sf, 96.1% occupancy
This analysis suggests that Woody Creek Condos is well-positioned for rental increases, given its strong location and planned renovations. Market conditions indicate a potential 18.7% rental income increase, as current rates are below the area average. Additionally, tenants at Woody Creek tend to have long tenures, averaging five years, reinforcing the stability of the investment.
What’s Changing at Woody Creek Condos?
Our remodeling efforts are focused on transforming Woody Creek Condos into a sophisticated and contemporary residential community. These enhancements include:
1. Elevated Interior Design & Finishes
Each unit will be upgraded with premium materials and finishes to create a refined ambiance. This includes:
High-end quartz countertops
Custom cabinetry with modern hardware
Designer lighting fixtures
Luxury plank flooring for a sleek yet durable aesthetic
Additionally, updates include fresh paint, upgraded plumbing and electrical fixtures, modernized doors and hardware, and energy-efficient HVAC servicing.
Financial Highlights
Investor Opportunity: If you are interested in investing in Woody Creek Condos, sign up now while the investment opportunity remains open. Soft commitments close on February 21, 2025. Secure your spot by signing up here: Investment Sign-Up Form
Offering Size: $2,000,000
IRR: 16%-20% projected
ARR: 20%+ projected
Equity Multiple: 2-2.5x projected
Minimum Investment: $50,000 (accredited investors only)
Schererville is an investor-friendly market with low property taxes (28% below the national average) and landlord-friendly policies (no rent control, fast evictions).
The Market Justifies Higher Rents
With these extensive renovations, Woody Creek Condos will enter a new tier of luxury living that aligns with current market trends. The Indianapolis multifamily housing sector is experiencing strong demand, and as property values and rental rates continue to rise, we are positioning Woody Creek Condos to be a standout option for discerning residents who seek quality and comfort.
What This Means for Current & Future Residents
For our current residents, these upgrades will bring added value to their homes, enhancing their daily living experience with superior comfort and modern amenities. For prospective renters, Woody Creek Condos will offer a premium residential option that caters to individuals and families seeking a sophisticated yet accessible lifestyle in Schererville.
Stay Updated & Connected
We love to connect with you! Fill out our questionnaire to learn more about this investment opportunity and how you can be part of it: Investor Questionnaire
We invite you to follow our journey as we transform Woody Creek Condos into a premier luxury living community. Stay informed about construction updates, grand openings, and leasing opportunities by following us on social media and subscribing to our newsletter.
We are excited to bring this vision to life and redefine luxury living in Schererville. Welcome to the future of comfort, elegance, and convenience at Woody Creek Condos.
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