Amli Lists its Apartment Complex in Deerfield

Chicago-based Amli Residential tapped JLL brokers to find a buyer for 1525 Lake Cook Road, a mid-rise 240 unit property in Deerfield.

The site was built by Amli in 2015, and is 99 percent occupied, according to Crain’s, citing CoStar data. JLL brokers Kevin Girard, Mark Stern and Zachary Kaufman will be looking to sell the building, according to the outlet. Amli is a Morgan Stanley subsidiary, and owns upwards of 25,000 units in eight U.S. markets.

The building sits right next to Interstate 94, across the street from a Hyatt Regency, and is caddy-corner from an Embassy Suites. It’s unclear what dollar figure Amli is expecting from the sale. Amli Deerfield features studio, one- and two- bedroom units, and the company’s website cites proximity to Walgreens, Discover and AbbVie. The former Walgreens office space is being redeveloped into a mixed-use property by Shorewood Development Group, who bought the site in April.

Recently, there’s been a flood of apartment complexes going up for sale in the Chicago area. Strong rental demand across the metropolitan area has led to rapidly rising rent prices in the wake of a diluted multifamily pipeline, according to the outlet.

In late 2025, Amli dropped $134 million plus for Milieu, a 275-unit apartment tower at 205 South Peoria Street in the West Loop. The deal, which was completed in December, slid into the top five largest transactions in Chicago for the year at the final hour. The deal’s price point was just south of the third-largest deal of the year in the category: $151 million for the 451-unit Left Bank apartment complex at 300 North Canal Street.

2025 was also a year of big spending across Chicago. According to CoStar data, $4.5 billion was spent across the city and its suburbs on multifamily properties, more than every year since 2022.

— Hunter Cooke