Essex Realty Group, Inc. is pleased to announce the sale of 9452 Maple Drive, a 6-unit apartment building located in the near northwest suburb of Rosemont. The property received multiple competitive offers and achieved a record sale price for a 6-flat in Rosemont.
The building included one (1) 1-bedroom unit and five (5) 2-bedroom units, along with six (6) surface parking spaces. The apartment units featured hardwood floors, updated baths, electric radiant heat, and individual hot water heaters. The all-electric building minimized operating expenses, as tenants paid for both heating and hot water.
Recent capital improvements included new windows, new doors, new air conditioning sleeves, copper plumbing, and a newer roof. The property was fully occupied at the time of sale, offering significant upside for the buyer due to below-market rents, with the opportunity to increase rental income by over 20% ‘As-Is.’
The Village of Rosemont, IL is one of the key municipalities in the State of Illinois. Rosemont is situated near Interstates I-90 and I-294, making it a highly accessible location to downtown Chicago and the northwest suburbs. Additionally, various modes of public transportation serve the village. The CTA Blue Line has a station at Rosemont, and the Metra North Central Service has a station nearby at O’Hare Transfer.
Chicago O’Hare International Airport, partially located in Rosemont, employs over 41,000 people. This major transportation hub provides a stable flow of workers living in Rosemont, boosting the demand for housing. The airport’s presence ensures a continuous influx of residents seeking convenient access to their workplaces, further enhancing the village’s development.
- Fully Occupied Cash-Flowing Asset
- Strong Unit Mix: Five (5) 2-Bedroom & One (1) 1-Bedroom Units
- Recent Capital Improvements: Copper Plumbing, Roof, Windows, & Doors
- Significant As-Is Rental Upside: $100-$500/Month/Unit
- Meticulously Maintained: Same Owner Since 1986
- Fantastic Location: Walking Distance to CTA Rosemont Station
- Within Minutes of O'Hare International Airport, Endless Retail, & Entertainment