Wheaton Multifamily Building Trades for $1.2 Million in Transaction Arranged by Essex Realty Group
Chicago Multifamily Transaction Overview
CHICAGO, ILLINOIS – Chicago-based multifamily brokerage firm Essex Realty Group, LLC, is pleased to announce the sale of 1324 East Roosevelt Road, an 8-unit multifamily property located in Wheaton, Illinois.
Investment Highlights
Built in 1962, the well-maintained asset is situated in the heart of DuPage County, one of Chicagoland’s most desirable suburban markets. Essex Principal Brian Karmowski represented the seller in the transaction and Director Anthony Citriglia represented the buyer.
“This sale is a great example of how targeted marketing and pricing strategy can drive strong results. We generated meaningful competition, which helped us achieve near full asking price and a smooth closing process for both parties,” said Anthony Citriglia.
Property Details
The property offered investors a proven value-add opportunity with a desirable unit mix and strong in-place operations. During the marketing period, Essex generated over 15 tours and multiple competitive offers, ultimately resulting in a sale at 96% of the list price.
Prime Location in Wheaton
Located along Roosevelt Road, the property provides tenants convenient access to downtown Wheaton, nearby retail and dining options, and major suburban employment corridors.
Wheaton’s strong rental demand, excellent schools, and stable fundamentals continue to make it one of the most sought-after multifamily markets in the greater Chicago area.
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Since 1990, Essex Realty Group, LLC has served Chicago’s investment real estate market as a top multifamily brokerage firm, specializing in Chicago multifamily for sale properties. Contact us today to learn more about our recent multifamily and mixed-use property sales, or click HERE.
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