Essex Realty Group, LLC has been exclusively engaged to market for sale, 600 Higgins Rd., a 5-unit apartment building—on the market for the first time in decades. Located in Park Ridge, IL, just 15 miles northwest of downtown Chicago, this offering presents a rare opportunity to acquire a well-maintained asset in a market with very few recorded multi-family transactions in recent years.

The property consists of (3) 1-Bed/1-Bath units, (1) 3-Bed/1.5-Bath unit, and (1) 1-Bed/1-Bath garden apartment—previously used as an office and to be delivered vacant at closing. Three units have been renovated, featuring modern finishes such as hardwood floors, granite countertops, stainless steel appliances, and central heat & air conditioning. As noted in the attached neighborhood rental survey (page 21 of the Offering Memorandum), investors have an opportunity to add value by cosmetically updating the remaining 1-bed units, with the potential to increase average rents by 25%+ per month.

The property also benefits from multiple recent capital improvements (page 8 of the Offering Memorandum) and includes (2) garage parking spaces, (4) exterior parking spaces, and dedicated storage lockers for each unit.

Park Ridge is a highly sought-after suburb, known for its tree-lined streets, historic homes, and top-rated public schools, including Maine South High School, which consistently ranks among the best in Illinois. 600 Higgins Rd. is ideally situated just east of the Cumberland and Higgins intersection, providing seamless access to the Kennedy Expressway, O’Hare International Airport, and downtown Chicago.

This offering presents investors with a particularly unique opportunity to acquire a high-quality asset in a phenomenal location—one where multi-family transactions are especially rare, as the surrounding area is predominantly single-family homes.

Park Ridge, a vibrant suburb just 15 miles northwest of downtown Chicago, perfectly balances suburban charm with urban convenience. Known for its tree-lined streets, historic homes, and top-rated schools, it offers a welcoming community with easy access to the city.

Major nearby highways like I-90 and I-294 make commuting to downtown Chicago and surrounding areas incredibly convenient. Plus, being just a few miles from O’Hare International Airport makes Park Ridge a prime spot for both residents and businesses, adding to its economic appeal.

Bordered by Chicago to the south and east and Des Plaines and Niles to the west and north, Park Ridge enjoys close proximity to diverse cultural, dining, and recreational amenities. Its lively downtown district, filled with boutique shops, local restaurants, and entertainment venues, creates an exciting yet relaxed atmosphere for both residents and visitors.

• First time on the market in decades
• Three (3) units updated with value-add potential in the remaining two (2) units
• Two (2) garage and four (4) exterior parking spaces
• Highly desirable Park Ridge suburb with top-rated schools
• Convenient access to Kennedy Expressway, O'Hare, and Downtown Chicago
• Limited multi-family supply with few recorded transactions in recent years