The Multifamily Advisory Group at Cushman & Wakefield

The Manors at Brookmere

Active 108 Units 17.0 Acres Posted July 31, 2025

About This Property

108 Home, Lennar-Built Contiguous BTR Community

  • Delivers a two-story, single-family home-like living experience with spacious 2- and 3-bedroom layouts featuring 1- and 2-car attached garages, private entrances, and vaulted living room ceilings

Booming Economic Corridor & Suburban Convenience

  • Direct access to I-57, I-80, and the Metra, connecting residents to 500,000+ jobs within a 30-minute commute
  • Less than 15 minutes from major employers including Amazon, Ford, and the University of Chicago Health System – Flossmoor Campus, reinforcing the property's appeal to working professionals and dual-income households
  • Minutes away from booming I-57 industrial corridor:
  • 36M+ SF of industrial space within 15-minute drive
  • 6.7M SF leased since June 2019
  • 7.8% average annual rent growth & 5.3% average vacancy (past 5 years)
  • 954K SF net absorption annually over the past 5 years—outpacing 938K SF in average annual deliveries totaling an 18.8% expansion in market supply
  • Within 10 minutes of a major retail corridor featuring national retailers such as Target, Chipotle, and LA Fitness, offering residents everyday convenience and lifestyle amenities

Scarcity of Newer, 2- and 3-Bedroom Home-Like Living Options

  • Located in a high-demand, low-supply suburban pocket of south Chicagoland with minimal new rental competition
  • Only 5% of housing stock built since 2010; 82% built before 2000—highlighting the scarcity of modern housing options
  • 2-bedroom and 3-bedroom units in the Southern Cook County submarket have maintained average vacancy rates of 3.7% and 3.6% respectively over 5 years and 4.3% and 4.7% over 10 years underscoring long-term demand and stability for these units
  • Over the next five years, the number of renter households within 5 miles earning $100K+ is expected to grow to 6,814, while new rental inventory is projected to remain muted at just 450 units, creating a significant supply-demand imbalance with a deficit of 6,364 units

Affluent "Renters by Choice" Seeking Suburban Lifestyle

  • The property’s recent average HH income uplift from $94,006 to $108,527 (+15%) between January and July 2025 underscores significant operational improvements and demand from a financially stable, lifestyle-driven renter cohort

Property Details

Address
4962 Bennett St Matteson, IL 60443
Matteson, IL, 60443
County
Cook
Type
Residential
Class
A
Units
108
Acres
17.0
Year Built
2016
Status
Under LOI

Brokerage Contacts

S

Susan Tjarksen

Managing Director - Institutional Capital Markets

(312) 424-8076

Susan.Tjarksen@cushwake.com

B

Brad Smith

Managing Director - Investment Sales

(312) 424-8139

Bradley.Smith@cushwake.com

J

Jack Maloney

Managing Director - Investment Sales

(312) 424-0661

Jack.Maloney@cushwake.com

A
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