Derek Kaptanoglu Lists $2.6M Multi-Family Portfolio in Forest Park

July 08, 2022

Chicago-based investment real estate brokerage firm Essex Realty Group, Inc. is exclusively marketing an exceptional multi-family portfolio located at 8280-8290 Roosevelt Road in the West Cook County suburb of Forest Park. The portfolio consists of four adjacent six-unit buildings each with three one bed/one bath units, and three two bed/one bath units. The property also includes 22 parking spaces that are situated along the Des Plaines River.

Most of these spacious apartments have been gut-rehabbed, and feature stainless steel appliances, lite gray shaker cabinetry, granite counters, hardwood floors, and updated bathrooms. There are seven units in their original condition that would benefit from cosmetic upgrades.

“The 24-unit portfolio provides investors the opportunity to buy into a highly desirable suburban neighborhood with strong in-place cash flow and additional upside through increasing rents and updating the remaining 30% of units.” Explains Essex Director and listing broker Derek Kaptanoglu. This opportunity is listed for sale at $2,650,000.

8280-8290 Roosevelt Road is just over one mile from the Forest Park CTA Blue Line stop, making the commute to downtown Chicago rather convenient. It is also within walking distance of all that Forest Park has to offer, like the Forest Park Forest Preserve, and major employers such as Loyola University Medical Center.

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