Essex is proud to announce the closing of 7704 S. Emerald, a thirteen unit (13) + 1 non-conforming apartment building located in a quiet residential community of Auburn Park. An interesting factoid of this purchase is that the property was such a valuable asset that the previous seller decided to obtain the property once more. Running as a "turn-key" investment, the new owner will see immediate returns. This neighborhood alone has generated multiple sales from both local & out-of-state buyers.
We are witnessing a dramatic draw to the Auburn Gresham and Chatham neighborhoods as the need for multi-family properties become more and more valuable. If you are interested in finding out more about Value-Add investment properties, please give us a call.

Auburn Gresham, also known as Gresham, is a historic neighborhood of Chicago that has been introduced to some major landmark investments. There are a few architectural projects in development as well as the City of Chicago's Invest South / West Initiative. This neighborhood has seen great economic upside in the last few years and continues to grow with more and more investment.
Transit is made extremely easy as this neighborhood is surrounded by 2 separate Metra Services, major CTA Bus Lines, the Red Line, as well as the Dan Ryan Expressway. Commuters coming to and from downtown have ease of transportation while living here.

• Turn-Key Investment
• 9.65% Cap Rate
• 5.45 GRM
• 100% Occupancy
• Large 4 Room Units
• INVEST South/West Selected Neighborhood