Essex Realty Group, Inc. has been exclusively engaged to market for sale 912-914 Lacey Ave, a twelve-unit multifamily property situated in Lisle, IL. This offering includes two (6) six-unit apartment buildings featuring a combination of (6) 1Bd/1Ba (750 SF) and (6) 2Bd/1Ba (850 SF) apartments. The property offers a shared front yard and ample parking space with twenty designated spots.

The units showcase a flooring mix of hardwood, tile, and carpet, along with standard kitchens and baths. Additionally, each unit presents a walkout front porch for added appeal.

Currently, the property is positioned with rents that are approximately $200-$300 below market rates. For instance, the average 1Bd/1Ba unit is leased at $991, whereas comparable units in the immediate vicinity command an average of $1,361. Similarly, the average 2Bd/1Ba unit is rented at $1,190, while similar units in the area are an average of $1,575. This variance presents a significant opportunity for a new owner to capitalize on higher rental returns by implementing modest updates to the units.

Situated on a tranquil residential street and directly across from Connelly Memorial Park, 912-914 Lacey Ave. boasts an enviable location. Residents enjoy the convenience of proximity to the Lisle Metra Station and downtown Lisle, both within walking distance, enhancing the property’s overall appeal.

According to FEMA, the property is located in a 1% annual chance of flood hazard zone, although there have been no reported floods under current ownership.

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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