Essex Realty Group, LLC is marketing for sale the 20-Unit West Town Portfolio, a rare multifamily investment opportunity comprised of five virtually identical buildings in Chicago’s highly desirable West Town neighborhood.
The portfolio features 20 residential apartments, including 15 three-bedroom, two-bathroom units, offering investors a rare opportunity to acquire meaningful scale in a low-density market.
Principal Jim Darrow and Director Abe Eilian exclusively represent the seller in the offering.
The portfolio offers multiple paths to value creation, with current rents approximately 10% below market in their as-is condition. New ownership may pursue cosmetic renovations and add in-unit laundry, potentially supporting rent increases of more than 30%. The two-bedroom, one-bathroom garden units may also present an opportunity for legalization through Chicago’s ADU Program. Prospective purchasers should independently verify legal unit count and potential paths to legalization.
Four of the five buildings are located on the same block, creating operational efficiencies, while the fifth property is just several blocks away in a highly desirable pocket of Ukrainian Village. All five properties are within walking distance of the Division CTA Blue Line Station and Division Street Corridor, with convenient access to restaurants, bars, retail, and neighborhood amenities. The portfolio also benefits from its proximity to Fulton Market and the West Loop, providing access to two of Chicago’s major employment centers and drivers of rental demand.
