Essex Brokers 110-Units in the Southwest Suburbs
February 17, 2017

The 110-unit portfolio is comprised of the following 3 buildings in the southwest suburbs of Oak Lawn & Worth, IL.

6615-19 W. Lloyd Dr., Worth, IL

10300-20 S. Parkside, Oak Lawn, IL

10409-35 S. Menard, Oak Lawn, IL

The buildings were converted to condos in the mid-2000s. The unit mix for the buildings include (49) one bed, one bath units, (39) two bed, one bath units, (20) two bed, two bath duplex units, and (2) three bed, two bath units. The purchaser has plans to acquire the remaining 16 units.

The portfolio sale price was approximately $7,450,000.

Brian Kochendorfer and Matt Welke represented the seller in the transaction. Doug Imber and Kate Varde represented the buyer in the transaction.