UNDER CONTRACT – MULTI-FAMILY
121-157 Wycliffe Drive West Chicago, IL 60185
PRICE
Call for details
NUMBER OF UNITS
13
PROPERTY LISTED

Essex Realty Group Inc. is pleased to announce the sale of 121-157 Wycliffe Drive, a 13-unit townhome-style community located in highly coveted DuPage County. The offering is comprised of eight (8) 2 bedroom units (1,406 SF) and five (5) 3 bedroom units (1,538 SF), all of which feature a den that tenants often utilize as an extra bedroom. All townhomes also include a full basement which provides additional living space or storage.

The property offers a new owner multiple value-add opportunities including making minor aesthetic changes to the 1990s style units and increasing operational efficiencies. With the favorably sized units and demand for housing in this location, a new owner can achieve future upside.

Essex led an extensive marketing campaign resulting in the property going under contract after just 11 days on the market. The property sold within 90% of the list price to a local investor.

LOCATION DETAILS

Essex Realty Group Inc. has been exclusively engaged to market for sale 121-157 Wycliffe Drive, a 13-unit townhome-style community located in highly coveted DuPage County. The offering is comprised of eight (8) 2 bedroom units (1,406 SF) and five (5) 3 bedroom units (1,538 SF), all of which feature a den that tenants often utilize as an extra bedroom. All townhomes also include a full basement which provides additional living space or storage.

Situated on the southern edge of West Chicago, the Subject Property was constructed in 1995 and is conveniently located roughly two miles north of the West Chicago Metra Station. Additionally, Route 59 and 38 are in close proximity and I-88 is located five miles to the south, affording tenants easy access to the surrounding suburbs.

The Subject Property offers a new owner the opportunity to acquire a 1990s vintage, townhome-style property currently in high demand. Minor aesthetic updates to the unit interiors may provide the opportunity to increase rents 10-20%. Furthermore, operational efficiencies may also be instituted to decrease expenses and boost investor returns.

HIGHLIGHTS
  • 13-Unit Townhome Style Community in West Chicago
  • Eight (8) 2 Bedroom & Five (5) 3 Bedroom Units
  • Large Units: 2Bds = 1,400SF & 3Bds = 1,538SF
  • Significant Rental Upside: 10-20%
  • Close Proximity to Metra
LISTING BROKERS
Derek Kaptanoglu
Director
773.305.4862
Brian Karmowski
Managing Director
773.305.4892