Essex Realty Group Executes Successful Sale of $4.35MM Cotton Creek Apartment Complex

Chicago Multifamily Transaction Overview

CHICAGO, ILLINOIS — Chicago-based multifamily brokerage firm Essex Realty Group, LLC, is pleased to announce the sale of Cotton Creek Apartments, a 32-unit multifamily property located in the Lake County suburb of Island Lake.

Investment Highlights

The transaction was facilitated by Principal Brian Karmowski and Director Anthony Citriglia, who represented the seller, while Associate Jimmy Donahue represented the buyer.

“Essex generated 20+ tours and multiple offers for Cotton Creek, a testament not only to our marketing platform but the continued demand for quality suburban multifamily assets. The Essex pipeline is robust heading into 2026, and we expect the current trends to continue”, said Brian Karmowski, Principal at Essex Realty Group,  LLC.

Property Details

Cotton Creek Apartments features a balanced unit mix consisting of nine (9) one-bedroom/one-bath units and twenty-three (23) two-bedroom/one-bath units. The property has benefited from significant recent capital improvements, including full tear-off roof replacements, new boiler and heating tanks, and a partial parking lot replacement.

This sale highlights the continued demand for well-positioned suburban multifamily assets in one of the Chicago metropolitan area’s most supply-constrained and sought-after submarkets. Lake County remains a highly desirable destination for both renters and investors, offering a unique combination of suburban livability, top-tier public schools, and expanding retail and commercial corridors.

Prime Location in Island Lake

The submarket’s strategic location offers convenient access to downtown Chicago via Metra rail and major highways further enhances its long-term investment appeal. Consistently strong renter demand, high occupancy levels, and limited new construction have positioned Lake County as one of the region’s most resilient rental markets, providing both lifestyle advantages for residents and income stability for owners.

Read Principal Brian Karmowski’s article: Three Reasons To Invest in Multifamily Property Located In Lake County HERE.

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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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