Essex Realty Group, LLC is pleased to announce the sale of 7401 W. George Street, a six (6) unit all-brick apartment building in Elmwood Park, Illinois. Constructed in 1958, the property contains three (3) one-bedroom apartments of approximately 700 square feet and three (3) two-bedroom apartments of approximately 900 square feet, along with a two-car garage and on-site laundry. Interiors feature hardwood flooring, ceramic tile kitchens and baths, and individual in-unit thermostats.

Owned and managed by the same family for more than 30 years, the building came to market for the first time in over three decades in very well-maintained condition. Major capital items had already been addressed, including a pitched shingle roof replaced approximately five to six years ago, vinyl windows replaced seven to eight years ago, and a new 75-gallon water heater installed in 2026. That combination of a physically sound asset and in-place rents well below market drew strong interest from value-add investors looking to put capital into interior upgrades rather than deferred maintenance.

Essex’s marketing campaign generated multiple tours and multiple offers from the firm’s network of active multifamily buyers, and the Essex team guided the transaction from listing through closing on behalf of the seller.

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• Very Well-Maintained Six-Unit All-Brick Apartment Building in Elmwood Park
• First Time on Market in Over 3 Decades
• Below-Market In-Place Rents Drove Strong Value-Add Buyer Interest
• Recent Capital Investment Including New 75-Gallon Water Heater, Newer Roof, and Vinyl Windows
• One Half Mile From the Elmwood Park Metra Station, 10.2 Miles to Union Station