Chicago-based multifamily brokerage firm Essex Realty Group, LLC closed the sale of 1324 E. Roosevelt Road, an eight-unit multifamily property in Wheaton, Illinois.
Built in 1962, the well-maintained asset is situated in DuPage County, one of Chicagoland’s most desirable suburban markets. Essex Principal Brian Karmowski represented the seller in the transaction and Director Anthony Citriglia represented the buyer.
The property offered investors a proven value-add opportunity with a desirable unit mix and strong in-place operations. During the marketing period, Essex generated over 15 tours and multiple competitive offers, ultimately resulting in a sale at 96% of the list price.
Located along Roosevelt Road, the property provides tenants convenient access to downtown Wheaton, nearby retail and dining options, and major suburban employment corridors.
