Essex Realty Group, Inc., a multifamily brokerage firm based in Chicago, has been exclusively hired to market for sale a 96-unit apartment portfolio situated in Oak Forest.
The portfolio consists of six adjacent buildings and features 48 studios and 48 one-bedroom units. It also includes 105 surface parking spaces. The properties are conveniently located at Knox Avenue (15301,15311,15302,and 15312) and Kilpatrick Avenue (15311and 15031).
Brian Karmowski, the Managing Director at Essex Realty Group is responsible for listing the property. According to Karmowski,”Investors can expect an initial cap rate of6.8%, with potential for further growth.” He also mentioned that “the Village of Oak Forest has recently approved or completed several new development projects which will enhance the area’s appeal and benefit future owners of Knox & Kilpatrick Apartments.”
The Knox & Kilpatrick Portfolio is strategically positioned less than one mile away from the Oak Forest Rock Island District Metra station providing easy access to Chicago as well as surrounding suburbs.
This post was originally listed by Connect CRE but now marketed by Essex Realty Group under Brian Karmowski’s management.
