Essex Realty Group, LLC is pleased to announce the successful sale of Heritage Manor Apartments, an 84-unit multifamily portfolio in Orland Park, Illinois. The property consists of seven well-maintained buildings along Catalina Drive, Willowood Court, and Sycamore Court, giving the buyer immediate scale in one of Cook County’s most stable and affluent rental markets.

Built in 1977, Heritage Manor comprises 28 one-bedroom/one-bathroom units and 56 two-bedroom/one-bathroom units, totaling approximately 92,106 square feet on a 224,202-square-foot site. The portfolio offers an attractive unit mix (67% two-bedrooms) with generous average unit sizes of approximately 850 SF for one-bedrooms and 1,000 SF for two-bedrooms, appealing to long-term suburban renters who value spacious layouts and easy access to employment and retail corridors. Prior ownership consistently maintained the property with a focus on capital preservation and operational efficiency, including replacement of all roofs from 2016 to 2024, three new hot water heater tanks in 2025, and additional system upgrades across the portfolio in recent years.

Heritage Manor is located approximately 25 miles southwest of downtown Chicago in the Village of Orland Park, a premier regional hub known for strong household incomes, high homeownership rates, and excellent connectivity via I-80, I-355, U.S. Route 45, and 159th Street. The area is anchored by Orland Square Mall, national retailers, medical offices, and a thriving dining corridor along La Grange Road and 159th Street, all of which support sustained rental demand.

The sale reflects continued investor appetite for well-located, institutional-quality multifamily in the southwest suburbs, one of the region’s most established rental markets. The buyer acquired a portfolio with scale, proven income durability, and clear rent growth potential.

Located approximately 25 miles southwest of downtown Chicago, Orland Park is one of Cook County’s premier southwest suburban communities, offering exceptional regional connectivity via I-80, I-355, U.S. Route 45, and 159th Street, as well as three Metra stations along the Southwest Service Line providing direct access to the CBD. The village serves as the dominant retail and commercial hub for the surrounding trade area, anchored by Orland Square Mall and an extensive corridor of national retailers, lifestyle centers, medical offices, and restaurants along La Grange Road and 159th Street.

Orland Park is characterized by strong household incomes, high homeownership rates, and a well-educated population base that consistently supports rental demand and long-term investment performance. The community’s highly regarded school systems, expansive park and recreation infrastructure, and ongoing mixed-use development along 143rd Street continue to attract professionals and families seeking high-quality suburban living, reinforcing Orland Park’s position as one of the southwest suburbs’ most stable and desirable markets.

• Multiple Tours & Offers
• Rarely Available Scale in Affluent Suburb - $100K MHI
• Large Unit Mix - 67% Two Bedroom Units
• Well-Maintained Property - Flexicore Construction
• Several Recent Capital Expenditures - Roofs, Hot Water Heaters and Furnaces