Villa Park Multifamily Portfolio Sale in DuPage County

CHICAGO, ILLINOIS — Chicago-based multifamily brokerage firm Essex Realty Group, LLC announced the sale of 315-319 North Princeton Avenue, a 20-unit multifamily portfolio located in Villa Park.

Transaction Summary

• Transaction Type: Multifamily Property Sale
• Address: 315-319 North Princeton Avenue, Villa Park, Illinois
• Submarket: Villa Park / DuPage County
• Property Type: Multifamily Portfolio
• Unit Count: 20 Units
• Sale Price: $2,500,000
• Brokers: Director Jimmy Donahue

Property Overview: 20-Unit Apartment Portfolio in Villa Park

315-319 North Princeton Avenue consists of two adjacent 10-unit buildings featuring a uniform mix of twenty 2-bedroom/1-bathroom apartments totaling 6,600 net rentable square feet.

The property offered investors a stabilized, low-maintenance asset with strong in-place income and significant value-add potential through achievable rent growth. Current average rents of approximately $1,125 per unit remain well below market averages near $1,450 per unit, creating an estimated 29% rental upside opportunity.

Ownership completed several recent capital improvements throughout the property, including balcony replacements with new support beams and staircases, recent tuckpointing, a full tear-off roof replacement, an updated boiler system, ongoing window and sliding door replacements, and multiple renovated apartment units. These improvements significantly reduce near-term capital expenditure needs while positioning the asset for continued operational growth.

Investment Opportunity for Chicago Multifamily Investors

“This deal checks every box for a value-add investor – a stable income stream, significant rent upside, and the heavy lifting on capital improvements already done. The DuPage County market continues to perform, and we’re seeing strong demand for well-located suburban assets like this one,” said Jimmy Donahue.

The combination of in-place cash flow, completed capital improvements, and continued rent growth potential positioned the property as an attractive suburban multifamily investment opportunity within DuPage County.

Villa Park Multifamily Investment Market

Located in DuPage County approximately 18 miles west of downtown Chicago, Villa Park benefits from strong suburban fundamentals driven by high household incomes, rising home values, and sustained rental demand.

The property also offers convenient access to Interstate 290, Interstate 355, Illinois Route 83, and Metra’s Union Pacific West Line, providing direct commuter access to downtown Chicago. Additionally, the property is located near Oakbrook Center, one of the Chicago metropolitan area’s premier retail and dining destinations.

Read More About This Transaction

This Villa Park multifamily sale was also featured in Connect CRE, highlighting continued investor demand for well-located suburban multifamily assets across DuPage County.

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About Essex Realty Group

Essex Realty Group, LLC has served Chicago’s investment real estate market since 1990 as a leading Chicago multifamily brokerage firm specializing in apartment building sales throughout the city and surrounding suburbs.