Essex Realty Group Inc. is proud to announce the sale of 8890 Root Street and 8861 Cumberland Avenue, two six-unit properties in the near north suburb of Niles. Both properties are comprised of one (1) 1Bd/1Ba and five (5) 2Bd/1Ba units. These properties are less than one block from each other, low maintenance, and possess manageable expenses. Current rents are below market compared to similar units in the area. A new owner could achieve significant rental increases with a more aggressive leasing approach and performing modest updates
The portfolio went under contract approximately two weeks after an extensive marketing campaign resulting in more than 14 property tours and multiple offers. Both properties were purchased by one local investor.
- 12 Unit Portfolio in Highly Desirable Suburb of Niles
- Under Contract Within 2 Weeks - 14 Tours & Multiple Offers
- Attractive Unit Mix of (10) 2Bd/1Ba and (2) 1Bd/1Ba Units
- Significant Rental Upside