Essex Realty Group, Inc. is proud to announce the sale of 5907 W 79th Street, a 6-unit apartment property located in the Cook County suburbs of Burbank. The building consists of (1) 1Bd/1Ba and (5) 2Bd/1Ba units.
Investors have the opportunity to acquire an apartment property in a rarely available suburban city with stable cash flow starting day one. Current rents are averaging between $50-100 per month below market, providing investors the ability to increase rents with minor cosmetic updates to a few of the units that have not been rehabbed.
After multiple tours and offers, the Property sold within ninety days of listing.
Located approximately 15 miles southwest of Chicago, Burbank encompasses just over 4 square miles and is bordered by Oak Lawn to the south, Bridgeview to the west, and Bedford Park to the north; the city of Hometown is adjacent to Burbank’s southwest corner.
The subject property is approximately 5 miles from Midway International Airport. Additionally, Newcastle Park and Ridgeland Park are .5 miles away putting the subject property nicely situated between Harlem Avenue and Cicero Avenue.
- Opportunity to raise rents between $50-100 per month
- Located in a rarely available suburban neighborhood
- Additional income opportunity with garage parking
- Close proximity to schools, parks, and retail shops