Essex Realty Group, LLC is pleased to announce the sale of 1910-1912 Division Street, an 18-unit apartment property in Melrose Park, IL. It has twelve (12) one-bedroom, one-bath units of approximately 600 square feet and six (6) two-bedroom, one-bath units of approximately 900 square feet. The building was 100% occupied at the time of sale and generates additional income from on-site laundry.

The offering drew strong interest from investors attracted to its stable in-place income and rents that sat below market, particularly in the two-bedroom units. That rent gap gave buyers a clear path to growth through normal lease turnover, without a heavy renovation program. The property’s location added to its appeal. It is near the Melrose Park station on Metra’s Union Pacific West Line and has convenient access to I-290 and I-294. Major employers nearby include Gottlieb Memorial Hospital and Loyola University Medical Center.

18-unit multifamily property located on West Division Street in Melrose Park, IL, offering convenient access to local retail corridors and major Chicagoland thoroughfares.

• Eighteen (18) Unit Apartment Property, 100% Occupied At Sale
• Twelve (12) One-Bedroom, One-Bath Units & Six (6) Two-Bedroom
• Below-Market One-Bedroom Rents Drove Strong Buyer Interest
• Near The Metra UP-W Melrose Park Station, I-290 And I-294
• Close To Gottlieb Memorial Hospital And Loyola University Medical Center