Essex Directors Matt Feo & Anthony Citriglia Team Up to List Unique $5.99M Townhome Complex

August 22, 2022

Chicago-based investment real estate brokerage firm Essex Realty Group, Inc. is exclusively marketing for sale an exceptional multi-family property located at 10600-10681 Alice Mae Court in Orland Park.

The property is a 16-unit townhome complex located in Orland Park, a suburb about 25 miles southwest of Chicago. The unit-mix is comprised of three- and four-bedroom units, all of which are in excellent condition and include high-end finishes, in-unit laundry and private balconies. Each unit also has an attached 2-car garage for a total of 32 heated parking spaces.

“This is an excellent property for an investor looking for a well-located investment opportunity with significant rental upside, and without the need for capital or cosmetic improvements,” said Essex Director Matt Feo. “Currently, the three-bedroom units are averaging $2,777 per month, while similar units in the area are renting for $3,500. Similarly, the four-bedroom units are currently averaging $3,074 per month, while comparable units are renting at $4,000 per month,” Feo continued.

In addition to its rental upside, another strong aspect of this property is its location, which provides easy access to restaurants, entertainment, grocery, and fitness options. Furthermore, being within just 0.6 miles of the Orland Park Metra station gives tenants convenient access to a car-free commute and the proximity to the University of Chicago Medical Center of Orland Park, which serves as a significant driver for local employment.

The property is currently listed for $5,990,000 by Essex Directors Matt Feo and Anthony Citriglia.

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