Essex Realty Group, LLC is pleased to present the Harwood Heights Portfolio, a rare opportunity to acquire three fully renovated 12-unit apartment buildings—4747 N Ronald Street, 7005 W Gunnison Street, and 7538 W Lawrence Avenue—located in the highly sought-after suburb of Harwood Heights, just outside the City of Chicago. This 36-unit portfolio offers investors the opportunity to acquire immediate scale in a supply-constrained, infill neighborhood with strong rental demand and limited turnover.

All three properties were nicely renovated in 2023 and feature identical unit mixes — four one-bedroom/one-bathroom units and eight two-bedroom/one-bathroom units per building—all of which are fully leased. Renovations were completed to a high standard, including new kitchens with quartz countertops and stainless steel appliances, updated bathrooms, luxury vinyl flooring, custom millwork, and new window treatments. Each building was also improved with a newly added common laundry room to enhance tenant convenience.

This portfolio provides an ideal long-term hold opportunity with strong in-place cash flow, minimal deferred maintenance, and
continued rent growth potential. Detailed financials, including rent rolls and income/expense statements, can be found in the Additional Information. Additional property information, photos, and documents are available in the Deal Room hosted in Buildout.

Located approximately 14 miles northwest of Chicago, the Village of Harwood Heights spans .82 square miles and, along with its neighbor Norridge, forms an enclave entirely surrounded by the City of Chicago. Situated approximately six miles west of O’Hare International Airport, the village offers exceptional accessibility to northwest Chicago, sitting just a few blocks east of the city limits. Residents and visitors enjoy the convenience of being within walking distance of numerous retail shops, shopping malls, and nationally recognized restaurants, making Harwood Heights a well-connected and desirable community.

• Fully leased, turnkey investment offering immediate cash flow across all three buildings.
• Comprehensively renovated in 2023, featuring high-end finishes including quartz countertops, stainless steel appliances, luxury vinyl flooring, and newly added common laundry rooms.
• Attractive and consistent unit mix in each building, consisting of four (4) 1 bed / 1 bath and eight (8) 2 bed / 1 bath units.
• Prime Harwood Heights location just outside Chicago city limits, with walkable access to Harlem Irving Plaza and major retailers such as Starbucks, Lou Malnati’s, and Portillo’s.