UNDER CONTRACT – MULTI-FAMILY
500 North Northwest Highway Park Ridge, IL 60068
PRICE
Call for details
NUMBER OF UNITS
46
PROPERTY LISTED

Essex Realty Group, Inc. has been exclusively engaged to market for sale The Parker @ 500 North Northwest Highway, a 46 unit new construction property located in one of Chicago’s most desirable suburbs, Park Ridge. All 46 units are 2 bed/2 bath featuring large floorplans, washer/dryer in-unit, large kitchens with center islands, strategic USB charging outlets, and some feature a balcony or fireplace. Community features include 46 garage spaces and 46 surface spaces for a total of 92 parking spaces, a fitness center, car washing area, pet run, grilling area, and ButterflyMX guest entry systems at each entryway. The Parker presents the unique opportunity to obtain a luxury new construction apartment building in Park Ridge walking distance to the charming downtown area as well as the Park Ridge Metra Station.

LOCATION DETAILS

The Parker is located in a prime location of Park Ridge. The property is less 15 minutes walking distance to the Park Ridge Metra Station, as well as the popular Uptown Shopping Center featuring a Trader Joe’s and numerous boutiques and restaurants. Additionally, the Park Ridge Jewel-Osco is less than 1/2 mile away and the Park Ridge Whole Foods is just one mile away. O’Hare airport is conveniently located approx. less than 4 miles from Park Ridge.

HIGHLIGHTS
  • Current Average Rent PSF is $1.79. Comparable Nearby Properties Average $2.50 PSF
  • Management/Operations Value-Add Opportunity
  • New Construction Property with Community Amenities including Grilling Area, Car Wash Station, Dog Run, Fitness Center & ButterflyMX Guest Entry Stations
  • Large 2 Bed/2 Bath Apartment Units with Large High-End Kitchens and Washer/Dryer In-Unit
  • Prime Central Location in Park Ridge - Walking Distance to the Park Ridge Metra Station, Downtown Area and Multiple Grocery Stores
LISTING BROKERS
Jim Darrow
Principal
773.305.4920
Jordan Gottlieb
Principal
773.305.4922