Essex Realty Group, LLC is pleased to announce the successful sale of 240 N. Walnut St. and 417 Park St., two multifamily properties in Bensenville, Illinois. Essex Realty Group represented both the buyer and seller in this off-market transaction, which achieved a record-breaking price per unit, marking a new benchmark for multifamily sales in Bensenville.

Built in 1989 by the original owner and developer, the properties are among the most modern in the area, offering a favorable unit mix with 87% two-bedroom, two-bathroom units. Tenants benefit from ample surface parking and 33 total garage spaces, including multiple garages with 2-3 car capacity.

Strategically located 21 miles from downtown Chicago, Bensenville provides easy access to O’Hare International Airport, CTA and Metra trains, and major highways. The area is recognized for its strong commercial and industrial presence, top-rated schools, and recreational amenities, making it a prime market for both renters and investors.

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• 5.9% Cap Rate and 9.17 GRM
• Record Price/Unit for Bensenville Properties of Similar Vintage
• Ideal Unit Mix - 87% Two-Bedroom, Two-Bathroom Units
• Significant Rental Upside