Essex Realty Group, LLC is pleased to announce the sale of 6721-6759 W 175th St, a 20-unit apartment building located in Tinley Park, Illinois. The building consists of 18 one-bedroom/one-bathroom units and 2 studio units totaling approximately 12,700 square feet.

The property offered a value-add opportunity with in-place rents averaging approximately $1,067 per unit and market rents projected at approximately $1,300 per unit.

Essex facilitated the transaction by leveraging its extensive network of qualified buyers to connect the seller with an investor seeking multifamily opportunities in the southwest suburbs. The deal closed efficiently with both parties achieving their objectives.

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• Eighteen (18) One-Bedroom Units - 650SF and Two (2) Studio Units - 500SF
• Strong Value-Add Opportunity with Significant Upside in Rents
• Excellent Location Steps from Downtown Tinley Park with Proximity to the Oak Park Avenue Metra Station, I-80, and the Harlem Avenue Retail Corridor