Essex Realty Group, Inc. has been engaged to exclusively market for sale Autumn Ridge Apartments, a 384-unit multifamily complex located in Park Forest, Illinois. Situated at 111 Sycamore Dr, Autumn Ridge has 304 apartment units across four mid-rise buildings as well as 80 townhomes. The complex features an attractive mix of majority [70%] two bedroom / two bathroom and three bedroom / two bathroom units. Ownership has recently spent approximately $3 million in renovations, minimizing maintenance expenses for an incoming owner. The in-place rents and strong history of collections provide stabilized returns with room to add value by leasing the remaining vacant units and increasing rents. Further contributing to the property’s cash flow is the assumable debt. The assumable Freddie Mac loan has a current balance of $36,373,050 and a below market interest rate of 5.55% with a remaining term of 9.5 years. This will enable an investor to achieve above market 12.3% cash-on-cash returns on day one. This offering presents the rare opportunity for an investor to acquire immediate scale and achieve stellar cash-on-cash returns by assuming the below-market interest rate, higher leverage debt.