Essex Realty Group, LLC has been engaged to market for sale Iron Gate Condominiums, a 180-unit multifamily investment opportunity located in the highly desirable western suburb of Glen Ellyn, Illinois. Built in 1970, the property consists of a diverse unit mix including 60 one-bedroom units, 119 two-bedroom units, and 1 three-bedroom unit. The property benefits from multiple ancillary income streams including laundry, pet fees, parking, reimbursements, and other income, contributing additional revenue beyond base rental income.

The community offers residents convenient access to Glen Ellyn’s vibrant downtown district, the Metra Union Pacific West Line, and major regional transportation routes connecting residents to employment centers throughout the western suburbs and downtown Chicago. The Village of Glen Ellyn continues to experience steady economic investment through downtown redevelopment initiatives, new multifamily development along the Roosevelt Road corridor, and significant regional infrastructure improvements. These projects reinforce the long-term strength of the Glen Ellyn rental market and support continued housing demand within one of DuPage County’s most desirable suburban communities.

Situated in one of the most desirable rental markets in the Chicago metropolitan area, Iron Gate Condominiums offers investors the opportunity to acquire institutional scale in Glen Ellyn while implementing a proven strategy of capturing rent growth and operational efficiencies over time.

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• Premier Glen Ellyn Location – Highly desirable DuPage County rental market with strong demographics and transit access.
• Extensively Renovated Asset – Significant renovations and capital improvements completed.
• On-Site Amenities – Laundry room, playground, and on-site leasing office.