7719 W Fullerton Avenue

• Fully Occupied Property in Desirable Elmwood Park Location
• Large Unit Mix – Eight, 2Bd/1Ba and One, 1Bd/1Ba Units
• Significant Rental Upside – 20-25% As-Is
• Property Situated .3 Miles West of Metra Station
• Newer Mechanicals and Windows

Property Description

Essex Realty Group, Inc. has been exclusively engaged to market for sale 7719 W Fullerton Ave, a 9-unit apartment building situated in the highly desirable suburb of Elmwood Park. The Subject Property consists of two (2) 1-bedroom, 1-bathroom and seven (7) 2-bedroom, 1-bathroom apartments. Additionally, the property includes six (6) exterior surface parking spaces. As the enclosed rental survey demonstrates, current rents are significantly below market. The building presents an opportunity for an investor to increase rental income by at least 20% as-is, resulting in a roughly 40% increase in Net Operating Income. Additionally, further rental upside may also be realized by updating the units with modern finishes. The Subject Property is located 10 miles northwest of Downtown Chicago and .3 miles from the Elmwood Park Metra station. The Property's convenient location offers residents easy access to public transportation and nearby shops and restaurants.