Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of 8300 W O’Connor Drive, a 12-unit apartment property located in River Grove, IL, according to Steven D. Weinstock, Vice President/ Regional Manager of the firm’s Chicago Oak Brook office. The asset sold for $850,000.
Andrean Angelov and Ryan D. Engle, investment specialists in Marcus & Millichap’s Chicago Oak Brook office, had the exclusive listing to market the property on behalf of the seller, a private investor. The buyer, a private investor, was also secured by Ryan D. Engle and Andrean Angelov.
The subject property is located at 8300 West O’Connor Drive in River Grove, IL and sold in 70 days at 94 percent of its original price. The property features four one-bedroom / one-bathroom garden units and eight two-bedroom / one-bathroom units measuring approximately 650 and 750 square feet, respectively. The property features ample off-street parking.
