Berwyn & Maywood, IL Berwyn, IL

Essex Realty Group, Inc. has been exclusively engaged to market for sale a 134-unit apartment portfolio in the west Cook County suburbs of Berwyn and Maywood, IL. The Portfolio is comprised of five buildings ranging in size from six (6) units to forty-one (41) units. Four of the properties are located in Berwyn, three of which are situated on the same block of South Oak Park Avenue. The fourth is located just two miles away and within 0.2 miles of the Berwyn Metra station. The fifth building is located in neighboring Maywood just three miles from the South Oak Park Ave. properties.

The Portfolio presents the rare opportunity to acquire a large concentration of units within Chicago’s high-demand western suburban rental market. All five buildings are brick construction with beautiful vintage details throughout. Per the enclosed rental survey, current rents are $200-$300/mo. below market “as-is” allowing a new investor to realize significant rental upside with little-to-no work.

Lastly, the portfolio would be a candidate for the Cook County Affordable Housing Special Assessment Program, which could result in significant tax savings for new ownership (see Addendum B for program information).


The City of Berwyn is a near-west Chicago suburb situated in Cook County. Located only 10 miles southwest of downtown Chicago, Berwyn has easy access to public transportation, including multiple bus routes and the Metra BNSF Line, making it an excellent location for residents and visitors. Both cities benefit from major roads and highways, such as Interstate 290, facilitating easy travel to downtown Chicago or other suburbs. Referred to as “Beautiful Berwyn,” the relaxed suburb hosts a vibrant restaurant and live entertainment scene, tree-lined streets, abundant parks, and a plethora of retail options.

The Subject Properties boast an exceptional location surrounded by independent bars, breweries, restaurants, and nightlife. They are also conveniently located within minutes of numerous retail options from independent grocers to national retailers such as Costco, Petco, and Best Buy. Additionally, in neighboring Maywood, the 5th Avenue Property is situated just one block from Loyola University Medical Center and the Hines VA Medical Center.

  • Five Building Portfolio in High-Demand Berwyn and Maywood
  • 134 Units Featuring (36) Studios, (77) 1Bd/1Ba, (20) 2Bd/1Ba, and (1) Office
  • Stabilized Cap Rate: 7.43%
  • Significant Rental Upside - Current Rents $200-$300/mo. Below Market
  • Located Within Minutes of Large Concentration of Employers and Retailers
Managing Director