ON MARKET - MULTI-FAMILY
108 W Elizabeth Drive Addison, IL 60101
PRICE
$1,550,000
NUMBER OF UNITS
12
PROPERTY LISTED

Essex Realty Group, Inc. has been exclusively engaged to market for sale 108 W Elizabeth Drive in the DuPage County suburb of Addison, IL. The Property consists of (12) apartment units along with (34) surface parking spaces. The unit mix consists of (2) 1Bd/1Ba units and (10) 2Bd/1Ba units.

Within the past two years, various units were remodeled with new vinyl plank floors, updated kitchens, new appliances, and new bathrooms. The building also received a new hot water heater in 2020 and a new boiler in 2021. Per the enclosed rental survey, current rents are approximately $100-$200 below market, providing future ownership the opportunity for increased returns.

Located in coveted DuPage County, the Property sits in a convenient pocket with easy access to nearby Interstates I-290, I-355, and I-294. These numerous options enable residents to commute to Chicago and the greater Chicagoland area with ease. Within minutes are several forest preserves, parks, and golf clubs. In addition, residents are within walking distance to numerous retail options including Jewel-Osco, Portillo’s, and Lou Malnati’s.

LOCATION DETAILS

Addison, Illinois, is a vibrant suburban town located in DuPage County, just west of Chicago. Known for its friendly community and convenient location, Addison offers a balanced mix of residential areas, commercial districts, and recreational spaces. With a population of around 37,000, this bustling suburb provides a welcoming atmosphere and a high quality of life.

Situated at the intersection of several major highways, Addison boasts excellent connectivity. The suburb is easily accessible via Interstate 290 (Eisenhower Expressway), which provides a direct route to downtown Chicago, making it a desirable location for commuters. Additionally, the nearby Interstate 355 (Veterans Memorial Tollway) and Interstate 294 (Tri-State Tollway) offer convenient access to neighboring suburbs, major regional destinations, and O’Hare International Airport.

HIGHLIGHTS
  • Most Units Updated in The Past Two Years
  • New Water Heater (2020) and Boiler (2021)
  • Opportunity to Raise Rents by $100-$200 Per Unit
  • Desirable Unit Mix of (10) 2Bd/1Ba & (2) 1Bd/1Ba Units
  • Located in Highly Sought After DuPage County
LISTING BROKER
Director
773.305.4844