Essex Realty Group Facilitates Successful Sale of Berwyn Multifamily Portfolio

CHICAGO, ILLINOIS– Chicago-based multifamily brokerage firm Essex Realty Group, Inc., announced the successful sale of a three-property portfolio located in the western suburb of Berwyn. The portfolio, comprising of 34 units, was sold for $2,760,000 and was facilitated by Essex Realty Group Associate, Mariano Mollo.

The portfolio includes the properties located at 3543 Harlem Ave., 6520 W. Windsor Ave., and 3225 Home Ave. Since 2019, these properties have undergone numerous upgrades. Nine of the thirty-four units have been renovated to feature modern vinyl plank floors, upgraded kitchens and bathrooms, and new appliances.

The properties are within walking distance of both the Berwyn Metra Station and the Harlem Avenue Metra Station, offering residents convenient access to public transportation.

“The Berwyn portfolio provided three local investors with immediate scale in a high-demand suburban rental market. The properties were in good condition, but the opportunity exists to update the remaining units and increase rental income.” said listing broker Mariano Mollo.

The marketing phase generated significant interest, with two of the three properties going under contract within one week. The buyers for all three properties were local operators familiar with the Berwyn market.