UNDER CONTRACT – MULTI-FAMILY
10207-10217 Chestnut Avenue Franklin Park, IL 60131
PRICE
Call for details
NUMBER OF UNITS
24
PROPERTY LISTED

Essex Realty Group, Inc. has been exclusively engaged to market for sale 10207-10217 Chestnut Avenue, two neighboring 12-unit apartment buildings on a single parcel in the highly desirable suburb of Franklin Park. Both properties are comprised of all 1Bd/1Ba units.

The Property has been meticulously maintained by the same owner for the last 15+ years presenting investors a rarely available opportunity to acquire a large number of units with numerous value-add options. Additionally, in the last five years ownership has replaced both roofs and installed new vinyl windows at each building.

10207-10217 Chestnut Avenue offers a new owner the opportunity to scale up by purchasing two adjacent 12-unit buildings in a strong suburban rental community with significant rental upside. Units are currently renting below market and could potentially be raised between $50-100/month as-is per the enclosed rental survey.

LOCATION DETAILS

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HIGHLIGHTS
  • Rarely Available (2) Adjacent 12-unit Properties On One Parcel
  • Impeccably maintained by long term ownership
  • Fully Occupied With Numerous Value-add Options
  • New Tear-off Roofs & Vinyl Windows In Last 5-years
  • Prime rental location in Franklin Park
LISTING BROKER
Derek Kaptanoglu
Director
773.305.4862