Essex Realty Group, Inc. has been exclusively engaged to market the sale of 1217 S. Forums Court, a six-unit multifamily property located in Wheeling, Illinois. The building features five (5) two-bedroom/one-bathroom apartments and one (1) one-bedroom/one-bathroom apartment, each with spacious floor plans. Each unit is equipped with an electric furnace, air conditioner, and individual water heaters. The property is fully electric, allowing for tenant-paid utilities and reduced operating expenses for ownership.

Current rents remain approximately 11%–15% below market, providing new ownership the ability to unlock significant revenue growth through lease-up at market rates. The building is further supported by a homeowners’ association that handles landscaping, snow removal, and scavenger services. The property offers additional tenant amenities, including two tennis courts, green space, and abundant on-site parking available to both residents and guests.

1217 S. Forums Court is strategically located in a desirable northwest suburban market, with immediate access to Dundee Road, Wolf Road, and the Wheeling Metra Station. The property is also situated near Muir Park, the Prospect Heights bike path, Elmhurst Road, major retail corridors, Chicago Executive Airport, and several regional employment hubs—making it a highly attractive location for renters.

With strong in-place cash flow, below-market rents, low operating expenses, and a prime Wheeling location, the property presents a compelling value-add investment opportunity for new ownership.

The Village of Wheeling is a vibrant northwest suburb located approximately 25 miles from downtown Chicago. With convenient access to I-294, Milwaukee Avenue, and Dundee Road, as well as direct commuter service via the Wheeling Metra Station, residents enjoy seamless connectivity to the city and surrounding suburbs. O’Hare International Airport is less than 20 minutes away, further enhancing Wheeling’s accessibility. The community is well known for its celebrated “Restaurant Row,” diverse shopping options, and abundant recreation, including more than 20 parks, forest preserves, and year-round programming offered by the Wheeling Park District.

Wheeling also benefits from a diverse and stable employment base, anchored by a strong presence of industrial, logistics, and manufacturing companies concentrated in the Wheeling Industrial District. Major employers such as Northrop Grumman, Littelfuse, and Richelieu Foods contribute to the local economy, while Chicago Executive Airport, the state’s third-busiest airport, drives corporate and business activity. Supported by quality schools, proximity to higher education institutions, and a balance of suburban comfort with urban convenience, Wheeling continues to attract both residents and investors seeking a dynamic and well-positioned community.

• Attractive Unit Mix: Fully Occupied Five (5) two-bedroom/one-bath units and one (1) one-bedroom/one-bath unit.     
• Below-Market Rents: Current rents are 11%–15% below market, presenting immediate income growth potential.
• Low-Maintenance Operations: HOA handles snow removal, landscaping, and scavenger services, ensuring the property remains attractive year-round.
• Fully Electric Building: Fully electric units place utility costs on tenants, minimizing owner expenses.
• Attractive Amenities: Residents enjoy access to two tennis courts, ample green space, and abundant on-site parking.