Essex Realty Group Brokers the Sale of 60-Unit Multifamily Apartment Complex in Niles, Illinois

CHICAGO, IL - Essex Realty Group, Inc. is pleased to announce the sale of 7900-20 N. Caldwell Ave., a 60-unit apartment complex located in Niles, Illinois. The property consists of three (3) 20-unit buildings positioned around a communal grass courtyard with paved walkways leading to each building.

Situated on the west side of Caldwell Avenue just south of Oakton Street, the complex is approximately three (3) miles west of the new CTA Skokie Swift Station (Yellow Line) located at the corner of Skokie Boulevard and Oakton Street. In addition, the property is within walking distance of the Golf View Recreational Center to the south and the St. Paul Woods Forest Preserve to the north.

Built in 1968, the property has been well-maintained under current ownership and includes mostly newer double-pane windows and copper plumbing throughout. Apartment interiors feature newer white appliances in kitchens, ceramic tile floors and mirrored medicine cabinets in bathrooms, and laminate floors and wall-mounted air conditioning sleeves in living rooms. Individual storage lockers and exterior parking are available on site and included in rent.

Matt Welke and Jason Fishleder represented the seller and Doug Fisher represented the buyer in the transaction. The sale price was approximately $4,500,000.

Essex Realty Group, Inc. specializes in the sale of investment real estate throughout the Chicago metropolitan area.