Essex Realty Group Facilitates Successful Sale of 9-Unit Apartment Building in Harwood Heights

CHICAGO, ILLINOIS —Chicago based multifamily brokerage firm Essex Realty Group, LLC is pleased to announce the successful sale of a 9-unit apartment building located at 7522 W. Lawrence Avenue in Harwood Heights, a sought-after suburb just northwest of Chicago.

The property has been meticulously maintained by its owner for over 30 years. The unit mix comprises one studio, five 1-bedroom/1-bathroom units, and three 2-bedroom/1-bathroom units, offering a desirable unit mix for both investors and tenants.

Nestled in the vibrant village of Harwood Heights, the property is in a prime location just surrounded by an array of retail shops, restaurants, and entertainment options, as well as two highly regarded school districts. Residents benefit from exceptional connectivity, with Interstate 90 and the Harlem Blue Line CTA station both within a two-mile radius, ensuring convenient access to downtown Chicago and beyond.

The sale of 7522 W. Lawrence Avenue was brokered by Essex Director Anthony Citriglia, who represented both the seller and the buyer. The property attracted substantial interest during its marketing phase, hosting over 12 tours and receiving multiple competitive offers. It ultimately sold for its asking price of $1.4 million, highlighting its value as a well-maintained asset with significant rental upside.

“This transaction highlights the strong demand for well-located and well-maintained multifamily properties in suburban markets like Harwood Heights,” said Citriglia. “The two-week marketing period, combined with the substantial interest and significant amount of tours, underscores the desirability of this asset and the demand for suburban multifamily investments.”