Thursday, September 5, 2013

Essex Realty Group Lists Multi-Family Apartment Community in Chicago, IL

Emerald Pointe Apartments, Vernon Hills, IL

CHICAGO, IL,  Sept.  05, 2013 – Essex Realty Group, Inc. is pleased to announce the exclusive listing for sale of Emerald Pointe, a 120 unit, multi-family apartment community located in Vernon Hills, Illinois.

 Emerald Pointe consists of five, 24 unit apartment buildings and approximately 193 parking spaces. The community also includes a leasing office, laundry in each building, and an on-site engineer.   In addition, there is a separate maintenance building approximately 1,000 square feet in size. 

Constructed in 1975, the Property is well-located one-half mile from Route 83 and approximately two miles from the Tri-State Tollway (I-94).  The Vernon Hills Metra train station is located one and one-half miles from the property.

 The property has been well-managed and maintained by the current ownership.  This is evidenced by an average annual turnover rate of only 37% since 2010 and an average vacancy rate of 4.1% since 2008.

 Essex Realty Group, Inc. specializes in the sale of investment real estate throughout the Chicago metropolitan area.

For a complete copy of the company’s news release, please contact:

Essex Realty Group, Inc.
2211 N. Elston Avenue, Suite 302
Chicago, Illinois 60614


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