CHICAGO, IL - Essex Realty Group, Inc. is pleased to announce the sale of two apartment complexes at 1330 E. Chicago Avenue in Naperville, Illinois and 7-20 Simpson St. in Geneva, Illinois.
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.
Since its founding in 1990, Essex has grown to become the Chicago area’s premier investment real estate brokerage company. Our expertise, integrity, and consultancy approach has resulted in our achieving the leading market share and earning the confidence of Chicago’s most prominent real estate investors. If you are seeking to buy or sell multi-family, mixed-use, retail, or other investment real estate, or simply require market information, we are committed to providing you with the highest level of service possible.