Essex Realty Group, Inc. is pleased to announce the sale of 912-914 Lacey Ave, a twelve-unit multifamily property situated in Lisle, IL. This property consists of two six-unit apartment buildings featuring a mix of six 1Bd/1Ba (750 SF) and six 2Bd/1Ba (850 SF) apartments. The property offers a shared front yard and ample parking space with twenty designated spots. Units showcase a flooring mix of hardwood, tile, and carpet, along with standard kitchens and baths. Each unit also features a walkout front porch for added appeal.

At the time of sale, the property was positioned with rents approximately $200-$300 below market rates. The average 1Bd/1Ba unit was leased at $991, compared to an average of $1,361 for comparable units in the area. Similarly, the average 2Bd/1Ba unit was rented at $1,190, while similar units in the area commanded $1,575. This rent variance presented a significant opportunity for the new owner to increase rental returns through modest updates.

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• Fully Occupied Property in Desirable DuPage County Suburb of Lisle
• Ability to Increase Rents $200-$300/Month (15-30%)
• Ample Building Parking (20 spaces)
• Walking Distance to Lisle Metra Station and Downtown Lisle