Essex Realty Group, LLC is pleased to announce the successful sale of Parkside Apartments, a 120-unit multifamily property located in Glen Ellyn, Illinois, one of Chicago’s most desirable western suburban rental markets.

Constructed in 1963, Parkside Apartments consists of 88 one-bedroom/one-bathroom units and 32 two-bedroom/one-bathroom units totaling approximately 87,200 square feet. The property benefited from consistent occupancy and strong tenant demand within the highly sought-after DuPage County rental market.

Buyer interest was driven by in-place rents that sat below market levels, offering a clear path to grow rental income through natural tenant turnover, along with a diversified base of ancillary income from laundry, pet fees, administrative fees, and reimbursements. The offering also gave investors a rare chance to acquire institutional scale in Glen Ellyn, a community known for its strong demographics, excellent schools, and convenient access to major employment corridors and regional transportation into Downtown Chicago.

The sale reflects Essex’s continued ability to connect quality multifamily assets with qualified, well-capitalized investors across the Chicago suburbs.

.

• Premier Glen Ellyn Location In A Highly Desirable DuPage County Suburb With Strong Demographics And Transit Connectivity
• 120-Unit Institutional Scale Asset In A Supply-Constrained Suburban Market
• In-Place Rents Below Market At Time Of Sale, Offering Meaningful Rental Upside
• Eighty-Eight (88) One-Bedroom And Thirty-Two (32) Two-Bedroom Units Totaling Approximately 87,200 Square Feet
• Diversified Ancillary Income From Laundry, Pet Fees, And Reimbursements