Essex Realty Group, Inc is pleased to exclusively market for sale 7427 Dixon Street, a 6-unit multifamily property located in the desirable West Cook County suburb of Forest Park, Illinois. Located just three blocks from both Metra and CTA Green Line stations, this property offers tenants excellent transportation access near Downtown Forest Park. The Subject Property provides close proximity to the Downtown Forest Park’s Madison Street corridor and Downtown Oak Park’s Lake Street Corridor, with its abundant dining, retail, and entertainment options, further enhancing its appeal.

7427 Dixon St. has been well-maintained and managed by the same family for the past 30 years. In that time, the majority of units have been upgraded with new kitchens and baths. In addition, current ownership has replaced windows, boiler, hot water heater, and roof within approximately 10 years.

The property consists of two (2) one-bedroom/one-bathroom units, three (3) two-bedroom/one-bathroom units, and one (1) studio unit. Current rents across the building remain significantly below market, with one-bedrooms averaging $855 versus market rents of approximately $1,300, and two-bedrooms averaging $972 versus $1,600. Per the enclosed rental survey, future ownership will have the opportunity to raise rental income by over 54% ‘As-Is.’

7427 Dixon St offers investors the rare opportunity to acquire a well-maintained asset in a prime location, with immediate upside and long-term value growth.

Discover the vibrant community surrounding the property in Forest Park, IL. This bustling town is an urban setting just 10 miles west of downtown Chicago that consists of numerous, restaurants, diners, pubs, parks and shops. Named “The best in neighborhood dining” according to a Chicago Tribune readers’ poll, the 14,000 residents of this village can’t go wrong spending a night out in the downtown area. 7427 Dixon Street boasts an exceptional location in the heart of downtown Forest Park. This property provides tenants with convenient access to both the Metra and CTA Green Line stations, along with a major entertainment and retail corridor.

• Prime Location: Three Blocks from the Metra and CTA Green Line Stations, Offering Convenient Access to Downtown Forest Park and the Greater Chicago Area
• Excellent Accessibility: Surrounded by a Variety of Restaurants, Shops, and Services, with Quick Access to Major Transportation Options
• Value-Add Opportunity: Significant Upside Potential Through Leasing and Market Rent Adjustments
• High-Demand Market: Located in a Sought-After Submarket with Strong Potential for Long-Term Appreciation