Essex Realty Group Facilitates Successful Sale of Berwyn Chicago Multifamily Portfolio

Chicago Multifamily Transaction Overview

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, Chicago. The portfolio, comprising of 34 units, was sold for $2,760,000 and was facilitated by Essex Realty Group Associate, Mariano Mollo.

Property Highlights

Renovations and ModernFeatures

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.

Prime Location in Berwyn

Transit and Accessibility

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.

Neighborhood Appeal for Investors

“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.

Essex Realty Group’s Role in the Transaction

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.

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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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