The entire property was sold $6,250,000, meaning each unit was bought for $390,625. The property is located near the Metra Station on 153rd Street and is less than 10 minutes by car from Orland Park’s downtown area.
Matt Feo from Essex Realty was the buyer’s representative. He said:
“These townhomes are a fantastic investment and I congratulate all involved in the deal. The developers spared no expense when building these elegant 16 units, and as townhomes, they are inherently low-maintenance as there are no common areas.”
Feo reports that demand for rental homes with plenty of space is on the rise. He added that these townhomes provide a great environment for people who are looking to raise their families in a comfortable space. Brochure printing is one way to advertise large developments like this.
The property, which was finished in 2019, has 12 units with three bedrooms and four units with four bedrooms and rooftop decks with private access. Every unit features high-quality finishing, self-contained laundry services, air conditioning, private balconies and walk-in closets. Every unit has its own heated garage with space for two cars attached to it.
Doug Fisher, Essex’s Principal, and Matt Feo also represented the seller in this deal. The seller is a local property developer.