Essex Realty Group Sells 24-Unit Multifamily Property In Bensenville, Illinois For $2.55M

Essex Realty Group, Inc. has announced the sale of 1001 Argyle Street, a 24-unit multifamily property located in Bensenville, IL. The property was sold for $2,550,000.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $2,550,000
• Units: 24
• Price Per Unit (PPU): $106,250
• Market: Bensenville, IL

The property, situated on a 1.5-acre lot, features 24 units with newer mechanicals and updates to all common areas and several units. It offers 42 surface parking spaces and ample green space for outdoor activities. The Bensenville Metra Station, located approximately 2.5 miles away, provides convenient access to neighboring suburbs and downtown Chicago.

The buyer in this transaction was represented by Anthony Citriglia of Essex Realty Group, Inc. On the other hand, Brian Karmowski and Brian Mond, both directors at Essex Realty Group, Inc., represented the seller.

According to Brian Karmowski, this sale is indicative of the success of the Essex marketing platform, with several tours, multiple offers, and a closing within just 45 days. The property's well-maintained condition and its location in DuPage County, where there is increasing demand for multifamily properties, contributed to its success in the market.