ON MARKET – MULTI-FAMILY
530-32 Hillside Avenue Glen Ellyn, IL 60137
PRICE
$1,350,000
NUMBER OF UNITS
12
CAP RATE
5.55%
PROPERTY LISTED

Essex Realty Group, Inc. is pleased to present 530-32 Hillside Avenue, a 12 unit multifamily property located in the highly desirable DuPage County suburb of Glen Ellyn. Hillside Apartments has been in the same family for nearly three decades and impeccably maintained since acquisition. The Property is comprised of three (3) studios and nine (9) 1 Bd/1 Ba units. The one bedroom units are quite spacious (1,000+ SF) and allow for a seamless two bedroom conversion.

530-32 Hillside Avenue is a unique and rarely available multifamily investment opportunity. The Property is located just two blocks (.3 miles) from the Glen Ellyn Metra Station and steps from Main St. which features numerous restaurants and shops. The ideal location affords tenants with all the amenities of downtown Glen Ellyn within walking distance. Glenbard West High School, Memorial Park, Lake Ellyn, and the Illinois Prairie Path are also located within walking distance of the Property.

Current ownership has renovated 10 of the 12 units with newer kitchens and bathrooms, refinished flooring and updated fixtures. Due to the generous square footage of one bedroom units, an investor has the opportunity to convert these units to two bedrooms, potentially realizing a 15+% increase in rents. This upside would equate to a $20,000+ increase in annual rental income.

LOCATION DETAILS

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HIGHLIGHTS
  • Rarely Available Downtown Glen Ellyn Property
  • Extremely Well-Maintained Building
  • 12 Units: Three (3) Studios & Nine (9) 1Bd/1Ba
  • Steps to Glen Ellyn Metra and Downtown Amenities
  • Two Bedroom Conversion Potential
LISTING BROKERS
Brian Karmowski
Director
773.305.4892
Brian Kochendorfer
Managing Director
773.305.4870
Courtney O'Keefe
Associate
773.305.4868