Marcus & Millichap completed the sale of a 23-unit apartment property located in La Grange, Illinois, according to Steven D. Weinstock, regional manager of the firm’s Chicago Oak Brook office. Terms of the transaction were not disclosed.
Llocated at 34-36-38 and 42 S. Waiola Avenue, the property is less than a half-mile from two train stations and three blocks from the heart of downtown La Grange. Residents are within walking distance of numerous retail and dining options. The property consists of one 17-unit building and one six-unit building. The 17-unit building is comprised of one one-bedroom/one-bathroom unit and 16 two-bedroom/one-bathroom units. The six-unit building is comprised of all two-bedroom/one-bathroom units. Residents enjoy one parking space per unit, one storage space per unit and on-site laundry in each building.
Andrean Angelov, first vice president investments, and Ryan D. Engle, senior vice president investments, in Marcus & Millichap’s Chicago Oak Brook office, exclusively marketed the property on behalf of the seller and also represented the buyer.