Marcus & Millichap announced the sale of an 18-unit apartment property located in Westmont, Illinois, according to Steven D. Weinstock, regional manager of the firm’s Chicago Oak Brook office. The asset sold for $1,515,000.
Andrean Angelov, first vice president investments, and Ryan D. Engle, senior vice president investments, in Marcus & Millichap’s Chicago Oak Brook office, had the exclusive listing to market the property on behalf of the seller and also represented the buyer.
The property is located at 10 Oak Avenue and has a unit mix of six one-bedroom/one-bathroom units and 12 two-bedroom/one and one-half bathroom units. The property features ample off-street parking and an on-site laundry facility. Tenants have access to many shopping and dining options a few blocks away on Ogden Avenue and both Oakbrook Center Mall and Yorktown Center are within five miles of the property.
