Essex Realty Group, Inc. is pleased to announce the sale of a 138-unit garden-style apartment portfolio located in the southwest Cook County suburb of Matteson, Illinois. The Portfolio consists of ten (10) multifamily properties, all situated along the same street and offered for sale by one owner. The properties are within one half mile of one another and consists of the following mix of units:

– (11) one bed/one-bath units, 650 SF
– (91) two bed/one-bath units, 725 SF
– (18) three bed/one-bath units, 950 SF
– (18) three bed/one and a half bath units, 950 SF

Located approximately 30 miles southwest of Chicago, the Subject Properties are surrounded by major employers and educational institutions such as Amazon, Governor’s State University, and the new Wind Creek Casino slated to open in 2023. Within recent years major employers have added thousands of jobs to the local economy, with hundreds more projected by the end of 2023. Residents can easily take advantage of these local opportunities and abundant retail options due to the Properties’ convenient proximity to major interstate I-57, high traffic Routes 30 and 50, and nearby Metra stations.

The Village of Matteson is bordered by Park Forest and Olympia Fields to the east, Country Club Hills and Tinley Park to the north, Frankfort to the west, and Richton Park to the south. The Village encompasses approximately 9.3 square miles and is home to approximately 20,000 residents according to the 2020 census. Matteson’s population has grown approximately 2% in population since the 2010 census.

The Subject Properties are centrally located and are within walking distance to downtown Matteson. The complex is also approximately 1.5 miles from the Metra Station. Tenants benefit from the Properties’ close proximity to several parks including Tolentine and Spirit Trail. In addition, residents benefit from the convenience of easily accessible shops, restaurants, and grocery stores. (Please see enclosed retail map.)

• Foreclosure Suit
• Required Cooperation and Workout from Freddie Mac & Special Servicer
• Closed on Buyer’s 1031 Exchange Deadline
• Negotiation Necessary with Village of Matteson