Essex Realty Group, Inc. has been exclusively engaged to market for sale The Promenade Townhomes of River Forest, twelve (12) new construction townhome units within the 29-unit townhome community in the affluent suburb of River Forest, IL. Completed in 2017, each three-story unit consists of massive 3 Bd/3.5 Ba layouts and features modern high-end finishes, an open floor plan, in-unit laundry, private decks and patio space. Additionally, each unit has an attached two-car garage for a total of twenty-four heated garage parking spaces.The offering presents investors with the opportunity to acquire a bulk ownership interest of low-maintenance, new construction townhomes in a phenomenal suburban location. Each townhome has a separate pin and currently participates in an HOA that covers common area expenses such as insurance of common elements (roof), snow removal and landscaping services and the water for the sprinkling system making for a turn-key, hands-off management experience.As rental demand increases in quality suburban locations, rents in this property have seen increases as high as 7% on recent renewals. The property is also conveniently located less than 0.5 miles from River Forest Train Station and Forest Park Subway Station, providing residents with seamless accessibility to Chicago and the surrounding suburbs. Lastly, the property is within walking distance to many of the area's celebrated shops, restaurants and groceries.
