Harwood Heights Portfolio Multi-Family FOR SALE


Harwood Heights, IL
$8,445,000 USD
224-305-4102
, Harwood Heights, IL for Sale
$8,445,000 USD
Multi-Family - FOR SALE
1/23
null | 7.06% Cap Rate

Harwood Heights Portfolio
Harwood Heights, IL


HIGHLIGHTS

  • 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 ne
  • 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, Lo

OVERVIEW

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. 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. Rent Roll, income/Expense statements, and additional photos for each property are available via the “Deal Room,” accessible through the property website.

ASK ABOUT THIS PROPERTY

Matt FeoEssex Realty Group, LLCMore Info
224-305-4102

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Matt FeoEssex Realty Group, LLCMore Info
224-305-4102

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.