Essex Realty Group Brokers the Sale of 428-432 Park Blvd. in Glen Ellyn, IL
August 24, 2017 09:24 AM
428-432 Park Boulevard is a 20-unit multifamily property located in the highly desirable DuPage County suburb of Glen Ellyn. The property closely resembles a Tudor-style courtyard building and is comprised of all 1 Bd/1 Ba units spread amongst three (3) separate buildings.
The Property is located just two blocks from the Glen Ellyn Metra Station and situated on a large acre corner lot and is walking distance to downtown Glen Ellyn as well as Glenbard West High School, Memorial Park, Lake Ellyn, and the Illinois Prairie Path.
Essex Realty Group, Inc. procured 14 showings and multiple offers in two weeks of marketing. The sale price was approximately $1,830,000 yielding a cap rate of 5.35%.
Brian Kochendorfer, Brian Karmowski and Troy Beebe were the brokers on the transaction.