Essex Realty Group, LLC is pleased to announce the sale of 17114 71st Ave, a 12-unit apartment building located in Tinley Park. The property was sold in an off-market transaction to a private investor. The building consists of 2 one-bedroom/one-bathroom units and 10 two-bedroom/one-bathroom units. In-place rents were roughly 34% below market, allowing the investor to capture an additional $7,080 per month as leases roll to market.

Essex Realty Group facilitated the off-market transaction by leveraging its extensive network of qualified buyers to connect the seller with an investor seeking multifamily opportunities in the southwest suburbs. The deal closed efficiently with both parties achieving their objectives.

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• Ten (10) Two-Bedroom Units - 850SF and Two (2) One-Bedroom Units - 700SF
• Strong Value-Add Opportunity with Significant Upside in Rents
• Excellent Tinley Park Location with Proximity to the Metra Rock Island Line, I-80, and the Harlem Avenue Retail Corridor