Essex Realty Group Closes $4.52 Million Park and Walnut Portfolio Sale in Bensenville

CHICAGO, ILLINOIS — Chicago-based multifamily brokerage firm Essex Realty Group, LLC is pleased to announce the successful sale of the Park and Walnut Portfolio, a 24-unit multifamily investment opportunity comprised of two adjacent apartment buildings located in Bensenville, Illinois. The portfolio sold for $4,520,000.

Transaction Summary

• Transaction Type: Bensenville Apartment Portfolio Sale
• Property Name: Park and Walnut Portfolio
• Location: Bensenville, Illinois (DuPage County)
• Property Type: Multifamily Apartment Portfolio
• Unit Count: 24 Units
• Sale Price: $4,520,000
• Broker: Director Anthony Citriglia

Property Overview: 24-Unit Apartment Portfolio in Bensenville

The well-maintained portfolio consists of 24 apartment units and features a highly desirable unit mix of twenty-one (21) two-bedroom/two-bathroom units, one (1) two-bedroom/one-bathroom unit, and two (2) one-bedroom/one-bathroom units.

The properties were fully occupied at the time of sale, providing immediate in-place cash flow while offering investors significant value-add potential.

With in-place rents approximately 25% below market and unmonetized garage parking, the portfolio presented a clear opportunity to increase revenue through strategic rent growth and the implementation of a structured parking program.

Broker Representation for the Bensenville Apartment Portfolio Sale

The marketing campaign generated exceptional investor interest, with more than 25 property tours conducted within the first two weeks and more than six competitive offers submitted. The strong demand ultimately drove the sale above the asking price, establishing the highest price-per-unit transaction for a comparable vintage multifamily property in Bensenville.

The portfolio’s combination of stable occupancy, an 88% two-bedroom/two-bathroom unit mix, and significant operational upside resonated with investors seeking quality suburban multifamily assets.

“When we brought this portfolio to the market, there were plenty of people who believed our pricing expectations were too aggressive. Rather than pursuing an off-market transaction, the seller trusted our process and allowed us to market the property for sale. We created a comprehensive marketing campaign that generated more than 25 property tours and six competitive offers. This ultimately resulted in a sale above the asking price and established the highest price per unit ever achieved for a multifamily property of this vintage in Bensenville. This transaction demonstrates why fully exposing a property to the market is so important. Our job as brokers isn’t just to find a buyer. It’s to create competition, maximize exposure, and deliver the best possible outcome for the seller,” said Director Anthony Citriglia.

Bensenville Multifamily Investment Market

Located in one of DuPage County’s most desirable suburban rental markets, the properties benefit from strong access to public transportation and major transportation corridors, offering residents convenient connectivity throughout the western suburbs and the greater Chicago metropolitan area.

The portfolio’s efficient operations, desirable apartment layouts, and meaningful upside through rent growth and garage parking monetization positioned it as a premier investment opportunity in the suburban Chicago multifamily market.

This transaction was also featured in Yield PRO, highlighting the portfolio’s record-setting sale and strong investor demand in Chicago’s suburban multifamily market.

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About Essex Realty Group, LLC

Essex Realty Group, LLC is a leading Chicago multifamily brokerage firm specializing in apartment building sales throughout the city and surrounding suburbs. Since 1990, the firm has represented private investors, institutions, and property owners in the acquisition and disposition of multifamily investment properties.