Essex Realty Group Executes Successful Sale of 63-Units in McHenry, Illinois

Chicago Multifamily Transaction Overview

CHICAGO, ILLINOIS — Chicago-based multifamily brokerage firm Essex Realty Group, LLC is pleased to announce the sale of James Street Apartments and Concord Manor Apartments, two adjacent multifamily properties totaling 63 units in the heart of McHenry County. The transaction was facilitated by Essex Principal Brian Karmowski, who represented the seller, and Essex Director Anthony Citriglia who represented the buyer.

“The sale of James Street and Concord Apartments is a testament to the continued demand for quality suburban assets. In the last 12 months, lease renewal rates at the properties exceeded 80% with an average rental increase of 7%. The assets performance and condition were well received as Essex generated 25+ property tours and several offers.” said Brian Karmowski, Managing Director at Essex Realty Group, LLC.

Investment Highlights

This transaction highlights the opportunity to acquire a stabilized, well-positioned multifamily assets in one of the Chicago metro area’s most in-demand and supply-constrained suburban submarkets. McHenry continues to attract both investors and renters with its exceptional blend of suburban livability, top-rated public schools, and expanding retail and commercial corridors. Its strategic location offers seamless connectivity to downtown Chicago via Metra rail and major highways adds to its long-term investment appeal. Consistently high renter demand, strong occupancy rates, and limited new supply have positioned McHenry as one of the most resilient and desirable rental markets in the greater Chicago area, offering both lifestyle value for tenants and income stability for investors.

Property Details

James Street Apartments and Concord Manor Apartments present a well-maintained and strategically located multifamily portfolio offering a strong unit mix, with 94% of the units consisting of large one- and two-bedroom layouts. James Street Apartments comprises four (4) studio units, twenty-seven (27) 1 bed/1 bath units, and eight (8) 2 bed/1 bath units, while Concord Manor features twenty-four (24) 2 bed/1 bath units. Both properties have benefited from significant capital improvements, including full tear-off roof replacements, new parking lots, and upgraded boilers and furnaces.

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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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