Essex Realty Group Brokers the Portfolio Sale of 90 Units in Naperville and Geneva, IL
March 16, 2017 12:40 PM
1330 East Chicago Ave., a 34-unit apartment complex located in Chicago's prestigious suburb of Naperville. The property is located 2 miles from Downtown Naperville and is comprised of one (1) three-story building situated on a 2.22 acre lot that includes 66 surface parking spaces. There are thirty-one (31) 1Bd/1Ba units and three (3) 2Bd/1Ba units.
7-20 Simpson St., a 56-unit apartment complex located in the upscale suburb of Geneva. The property is comprised of three (3) separate two-story buildings. The buildings are situated on a 4.28 acre lot that includes 114 surface parking spaces as well as a swimming pool. All units are 2Bd/1Ba and measure approximately 900 SF. The property is located 2 miles from the Geneva Metra Station.
The portfolio sale price was approximately $10,150,000.
Doug Imber, Brian Kochendorfer and Brian Karmowski were the brokers on the transaction.