Essex Realty Group, Inc. is pleased to announce the sale of 7858 S. Natoma Avenue, a 15-unit apartment property located in the Cook County suburbs of Burbank. The building consists of (7) 1Bd/1Ba and (8) 2Bd/1Ba units.

The Property provided potential investors the opportunity to acquire an apartment property in a rarely available suburban city with major rental upside. Current rents are averaging between $100-125 per month below marking, providing investors the ability to increase rents with minor cosmetic updates to the units. Recent capital improvements include a new Peerless boiler (2018), vinyl windows (last 5-years), and a new layer on the roof in 2016. Essex procured over a dozen property tours resulting in multiple offers. The Property went under contract within 45 days of listing.

Essex Realty Group, Inc. has been exclusively engaged to market for sale 7858 S. Natoma Avenue, a 15-unit apartment property located in the Cook County suburbs of Burbank. The building consists of (7) 1Bd/1Ba and (8) 2Bd/1Ba units.

Investors have the opportunity to acquire an apartment property in a rarely available suburban city with major rental upside. Current rents are averaging between $100-125 per month below marking, providing investors the ability to increase rents with minor cosmetic updates to the units. Recent capital improvements include a new Peerless boiler (2018), vinyl windows (last 5-years), and a new layer on the roof in 2016.

Located approximately 15 miles southwest of Chicago, Burbank encompasses just over 4 square miles and is bordered by Oak Lawn to the south, Bridgeview to the west, and Bedford Park to the north; the city of Hometown is adjacent to Burbank’s southwest corner.

The subject property sits less than a mile away from Northwestern College Bridgeview Campus and Reavis High School and is approximately 5 miles from Midway International Airport. Additionally, Newcastle Park and Ridgeland Park are .5 miles away putting the subject property nicely situated between Harlem Avenue and Cicero Avenue.

• Opportunity to raise rents on average of $100 per month
• Same ownership for last 40+ years
• Located in a rarely available suburban neighborhood
• Recent capital improvements include new boiler and new layer on roof
• Close proximity to schools and retail shops