Marcus & Millichap closed the sale of Islander Apartments, an 84-unit apartment property located at 1900 Broadway Street in Blue Island, Illinois. After generating multiple offers, the asset sold above list price for $5,825,000.
Randolph Taylor, an investment specialist in Marcus & Millichap’s Chicago Oak Brook office, had the exclusive listing to market the property on behalf of the seller, an individual/personal trust. The buyer, an individual/personal trust, was secured and represented by Kellan Moll, Mitchell Loofburrow and Scott Morasch, investment specialists in Marcus & Millichap’s Seattle office.
