Essex Realty Group, Inc. is pleased to announce the sale of 21-25 West Ash Street, a 12-unit apartment building located in Lombard, Illinois. The property was sold in an off-market transaction to a local investor.

The building consists of 12 one-bedroom/one-bathroom units totaling 7,200 square feet. The property offers a value-add opportunity with current rents averaging $1,051 per unit and market rents projected at $1,600 per unit following renovations.

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

Lombard is a well-established village located in DuPage County, approximately 20 miles west of downtown Chicago. Known as the “Lilac Village” for its annual Lilac Festival held at Lilac Park, Lombard offers residents a blend of suburban charm and urban convenience.

The village benefits from excellent transportation access, with Metra’s Union Pacific West Line providing direct service to Chicago’s Ogilvie Transportation Center from the Lombard station. Major thoroughfares including Roosevelt Road, North Avenue, and proximity to I-88 and I-355 offer convenient connectivity throughout the western suburbs and greater Chicagoland area.

Lombard’s commercial corridor along Roosevelt Road and Butterfield Road provides abundant retail and dining options, while the historic downtown district along Main Street features local shops and restaurants. The village is also home to Yorktown Center, a regional shopping destination.

Residents enjoy access to quality parks and recreation through the Lombard Park District, which operates numerous facilities including the Lombard Lagoon, a popular summer destination. The area is served by Lombard School District 44 and Glenbard Township High School District 87, both recognized for strong academic programs.

• Multiple Tours & Offers
• 12-Unit Apartment Building in Lombard, IL
• Uniform Unit Mix Consisting of All One-Bedroom/One-Bathroom Units Averaging 600 SF
• Strong Value-Add Opportunity with Significant Upside in Rents
• Excellent Location with Proximity to Metra, I-88, I-355, and Roosevelt Road Retail Corridor