Essex Realty Group, Inc. is pleased to announce the sale of Dryden Apartments, a 100-unit multifamily complex located in desirable Arlington Heights, IL. The complex is comprised of four adjacent 24-unit apartment buildings, one 5,881 SF office building comprised of four units, and 106 surface parking spaces. Each of the four apartment buildings has twelve (12) 2Bd/1Ba and twelve (12) 1Bd/1Ba units. Dryden Apartments is located at 1-21 N. Dryden Place and 15 S. Dryden Place, just one mile east from downtown Arlington Heights.

Essex led an extensive marketing campaign resulting in 30+ property tours and 15 offers. The property sold for $400,000 over the list price to a local investor.

Essex Realty Group, Inc. has been exclusively engaged to market for sale Dryden Apartments in desirable Arlington Heights, IL. The offering consists of four apartment buildings totaling 96 units (1-21 N. Dryden Place) and a 5,881 SF adjacent office building located at 15 S. Dryden Place. The property also includes 106 surface parking spaces. Each of the four apartment buildings are comprised of twelve (12) 2Bd/1Ba and twelve (12) 1Bd/1Ba units.

Dryden Apartments is an ideal value-add opportunity for investors. Upon the execution of a comprehensive renovation plan to the units and common elements, an investor may realize rent increases of 20-30+%. As the enclosed rental survey demonstrates, the Arlington Heights submarket has recently experienced tremendous rent growth.

The Property is located approximately one mile east of downtown Arlington Heights and the Metra Station, providing tenants easy access to surrounding suburbs and Downtown Chicago. Additionally, nearby I-90 and I-290 provide easy access to the greater Chicagoland area.

• 30+ Tours in Two Weeks of Marketing
• 15 Written Offers
• Sale Price 104% of List Price
• One Mile to Downtown Arlington Heights and Metra