Marcus & Millichap announced the sale of a 12-unit apartment property located in Addison, Illinois, according to Steven D. Weinstock, regional manager of the firm’s Chicago Oak Brook office. The asset sold for $1,020,000.
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.
Located at 320 West Dale Drive, the 12-unit property is comprised of four one-bedroom/one-bathroom units and eight two-bedroom/one-bathroom units. The building features ample off-street parking and on-site laundry facilities. The property is positioned southwest of Highview Park and one-mile north of Addison Green Shopping Center, providing easy access to many shopping and dining options.