Essex Realty Group, Inc. is pleased to announce the sale of 1217 S. Forums Ct, a six-unit (6) apartment building located in the desirable suburb of Wheeling, Illinois. This building’s unit-mix consists of five (5) 2bd/1Ba, and one (1) 1Bd/1Ba apartments with spacious floor plans. This low maintenance property is located in the Forums Court Apartment complex which includes two tennis courts, a swimming pool, green space, and an abundance of parking.
After multiple tours and offers, the Property sold with 2256 Nichols Road in Arlington Heights to a local investor in the north suburbs.
This building’s unit-mix consists of five (5) 2bd/1Ba, and one (1) 1Bd/1Ba apartments with spacious floor plans. Four of the six units have been updated with a mix of hardwood (2009) and laminate (2016) floors. Each unit includes electric baseboard heat, individual hot water heaters, and central air conditioning. The building being fully electric allows for tenant-paid utilities and lower expenses for the owner.
Forums Court Apartments include two tennis courts, a swimming pool, green space, and an abundance of parking that is open to residents and guests. This is a low-maintenance property as the association takes care of landscaping, snow removal, and scavenger. The low expenses and below market rents provide a new investor with an opportunity to increase the revenue and experience greater returns.
Wheeling is a suburb of Chicago located in Cook County and is a part of Wheeling Township. The village is bordered by many prominent suburbs including Mt Prospect and Palatine to the southwest, Buffalo Grove and Lincolnshire to the north, and the North Shore suburbs to the east. Wheeling borders I-294 to the west and has a Metra stop located in the center of the village, making it easy for residents to commute to Chicago and the neighboring suburbs. Also located in Wheeling is the Chicago Executive Airport, which services business travelers and airfreight and serves as an alternative to O’Hare International Airport.
The village of Wheeling is one of the best places to live in Illinois. It offers residents the benefit of an urban-suburban mix, with lots of restaurants, coffee shops and parks to visit. The public schools are highly rated, leading many families to choose Wheeling as the place to raise their family. From families to young professionals, the residents of Wheeling are happy to call this village home.
- 6 Unit Apartment Building in Desirable Suburb of Wheeling
- Attractive Unit Mix - One (1) 1 Bd/1Ba & Five (5) 2Bd/1Ba Units
- Low Maintenance Property with Tenant-Paid Utilities and Well Managed HOA
- 4 Units Feature Updated Flooring