Essex Realty Group, LLC has been exclusively engaged to market for sale the Park & Walnut Portfolio, a 24-unit multifamily investment opportunity comprised of two (2) twelve-unit buildings constructed in 1989. The property features a highly desirable unit mix of twenty-one (21) 2Bd/2Ba units, one (1) 2Bd/1Ba unit, and two (2) 1Bd/1Ba units. The buildings are 100% occupied and provide investors with immediate in-place cash flow.
The portfolio presents a clear value-add opportunity through rent increases and implementation of a structured garage parking program. Current in-place rents are approximately 25% below market as indicated in the enclosed rental analysis, providing the ability to increase annual apartment income by more than $138,600 upon stabilization. Additionally, ownership currently does not charge for garage parking, creating a meaningful ancillary income opportunity. At stabilization, Scheduled Gross Income is projected to increase by approximately 37%, driven primarily by bringing in-place rents to market levels and implementing garage parking income. As a result, Net Operating Income is forecasted to grow by nearly 49%, creating a meaningful improvement in overall asset performance and yield.
This offering presents investors the opportunity to acquire a stabilized, well-occupied suburban asset with strong rental upside and additional income potential through garage monetization, all while benefiting from immediate scale across two adjacent twelve-unit buildings.
Located approximately 20 miles northwest of downtown Chicago, Bensenville is a well-positioned DuPage County suburb offering exceptional regional accessibility and a durable employment base. The village sits immediately south of O’Hare International Airport and benefits from convenient access to I-290, I-294, Route 83, and the Metra Milwaukee District West Line, providing direct rail service to downtown Chicago and surrounding employment centers. This connectivity supports strong commuter appeal and long-term housing demand.
Bensenville features a balanced mix of established residential neighborhoods, commercial corridors, and industrial properties tied to aviation, logistics, and distribution sectors. Its proximity to O’Hare drives a consistent workforce population, while nearby retail and business hubs in Elmhurst, Addison, and Wood Dale enhance livability. With stable infrastructure, accessible transportation, and a diverse employment base, Bensenville remains a well-connected and reliable submarket within the greater Chicago metropolitan area.
- 24-units available in desirable DuPage county.
- Opportunity to grow NOI by 49% through operational improvements.
- 88% two-bedroom/two-bathroom unit mix.
- In-place rents approximately 25% below market.
- 37.5% expense ratio supported by tenant-paid utilities, reflecting efficient, low-maintenance operations.
- 69 total parking spaces (33 garage / 36 surface), with unmonetized garage parking providing additional income upside.
- Central heating and air conditioning - Tenant paid.
- Strong access to public transit and major transportation corridors.