Kiser Group Markets $3.8 Million Development Opportunity for 146-Unit Multifamily Community in Bartlett, IL

07 December 2021

Kiser Group, Chicagoland’s leading multifamily brokerage firm, brings to market an exclusive development opportunity in the growing Village of Barlett, northwest of Chicago, with Puckett Reserve. The planned community includes 146 units on 15 acres with an emphasis on creating a live, work and play environment for residents. Kiser Group Advisors Ron Plonis and Jeff Leibovich – who are exclusively marketing the $3.8 million opportunity – say this project is a unique find. 


“Not only is the Village of Barlett growing, but the current Puckett Reserve concept has overwhelming support from Village leadership,” said Kiser Group Advisor Ron Plonis. “In addition, the current development team has indicated it would be willing to participate as needed to assist in bringing Puckett Reserve to life.”


Current owners of the property have designed conceptual plans that include a mix of studio, one-bedroom, two-bedroom and three-bedroom units along with a 10,000 square foot Amenity Building and thoughtful greenspace along with other outdoor amenities. The all-purpose, standalone amenity building would include a micro-office, fitness center, cybercafe, open workstations and conference rooms, among other offerings. 


“When you look at the plans for Puckett Reserve and all it will bring to Bartlett, you realize how rare this opportunity is,” said Kiser Group Advisor Jeff Leibovich. “Current ownership was keen on building a unique community allowing residents to enjoy an oasis from the outside world. Not only is the development supported by neighbors, Bartlett leadership also supports annexation of the site. It’s a win-win for any potential investor.” 


The 15-acre development is across the street from Villa Olivia Golf Course, 10 minutes from downtown Bartlett and five minutes from Metra station. With good access to highways 20 and 59, the community is ideally situated for the area.