Essex Realty Group, LLC is pleased to announce the successful sale of the Berkeley Portfolio, an 18-unit, three-building multifamily portfolio located in Berkeley, IL. The portfolio comprises three brick buildings at 5607 Berkeley Ave, 5611 Berkeley Ave, and 1400 N Hillside Ave, with a unit mix of one (1) studio, two (2) one-bedroom/one-bath units, and fifteen (15) two-bedroom/one-bath units.

The offering drew strong investor interest, driven by its immediate scale, a two-bedroom-heavy unit mix with consistent tenant demand, and in-place rents that sat below prevailing market levels at the time of sale. Its location along the St. Charles Road corridor, less than half a mile from the Berkeley Metra station on the Union Pacific West Line and minutes from I-294 and I-290, further strengthened its appeal to buyers seeking well-located western suburban product.

Essex’s marketing platform generated multiple tours and multiple offers, ultimately connecting the seller with a private investor from the firm’s extensive buyer network. The transaction reflects Essex’s continued ability to deliver results for multifamily owners throughout the western suburbs.

Berkeley is a densely populated village in Cook County, situated at the intersection of Interstates 290 and 294 approximately 12 miles west of downtown Chicago. Its premier location at one of the region’s most critical highway crossroads places residents within minutes of the I-88 Technology Corridor, O’Hare International Airport, and the employment centers of Oak Brook, Elmhurst, and Schaumburg — making it one of the most transit-accessible inner-ring suburbs in the Chicago metro. The village is also served by its own Metra station on the Union Pacific West Line, providing direct commuter rail service to Ogilvie Transportation Center in the Loop. With a cost of living near the national average and a median gross rent of $1,296, Berkeley offers a compelling affordability profile relative to its immediate proximity to Chicago.

Berkeley’s resident base reflects a diverse, working-class community with steady income fundamentals. The median household income stands at $83,224 — above the Illinois statewide median — with an average annual household income of $93,966, up 3% year-over-year. The village’s population of approximately 5,200 skews younger, with a median age of 33.6 and over 26% of residents in the prime 25–44 renter cohort. With 70.7% of the workforce employed in professional or administrative positions and a median home value of $228,594 that keeps homeownership out of reach for many households, Berkeley’s renter demand is structurally supported — underpinning stable occupancy and consistent rent performance for multifamily assets in the submarket

• 18-Unit Portfolio Across Three Adjacent Buildings
• Fifteen (15) Two-Bedroom/One-Bath Units Comprising 83% Of The Unit Mix
• In-Place Rents Below Market At Time Of Sale
• Less Than Half A Mile To The Berkeley Metra Station (UP-W Line), 29 Minutes To Downtown Chicago
• Immediate Access To I-294 And I-290
• Located Along The St. Charles Road Corridor, Supported By An Active TIF District And Village Corridor Plan