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| 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
773.305.4900
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