Essex Realty Group, Inc. is pleased to announce the sale of 2703-11 Galilee Ave. in the Chicago suburb of Zion. The unit mix consists of four (4) 1Bd/1Ba and seven (7) 2Bd/1Ba units.
The two buildings have received various recent updates including new shingle roofs, hot water tanks, boilers, and sub pumps. All 11 units have been updated with standard finishes and fresh paint. 2703-11 Galilee presents an investor with the opportunity to acquire two well-kept buildings in the high-demand rental market of Zion. Rents could potentially be increased by $50 per unit per month as-is, further increasing their return.
Located just two and a half miles from Lake Michigan, the property is surrounded by numerous parks and lakefront amenities. These include the North Dunes Nature Preserve, Illinois Beach State Park, and ThunderHawk Golf Club. The property is also two miles from the city’s Metra station making it an ideal location for those commuting to Chicago and nearby communities.
- Two Well-Kept Buildings in High-Demand Rental Market of Zion
- Mix of 1 & 2 Bedroom Units
- Under Market Rents
- New Tear-Off Roofs in 2019