Essex Realty Group, Inc. is pleased to announce the sale of 424-430 Cambridge Drive, located in the desirable suburb of Palatine. This four-unit building is comprised of four (4) large units consisting of two (2) 2bd/2ba and two (2) 2bd/2.5ba units. Two of the units have received complete gut rehabs (424 & 430), while the remaining two units have received new bathrooms, flooring, doors, and fixtures (426 & 428). Additionally, all units feature individual furnaces, water heaters, in-unit laundry, and a single-car garage. The building also received a new roof, siding, gutters, and downspouts in 2021.

The Property is situated just outside of downtown Palatine, providing tenants with easy access to the Metra station and numerous restaurants, parks, and shopping options. The highly-rated school system makes these units desirable for families and long-term tenants. Settled in between several walking paths and pond views, the neighborhood creates a tranquil environment for tenants to enjoy.

424-430 Cambridge Drive offers a new owner the ability to acquire a high-quality asset in a phenomenal location. Per the enclosed rental survey, current rents are $300-$500 below market, allowing a new owner the opportunity to realize significant increases in returns with minimal work.

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• Four Large Units Consisting of Two 2bd/2ba And Two 2bd/2.5ba
• Opportunity to Raise Rents $300-$500 As-Is
• All Units Have Been Recently Rehabbed or Updated
• Capital Improvements Include New Roof, Siding, Gutters, and Downspouts (2021)
• Ideal Location Just Outside Downtown Palatine, in a Fantastic School District