Marcus & Millichap closed the sale of A&E Luxury Apartments, a 29-unit apartment property located in Bensenville, Illinois, according to Steven D. Weinstock, regional manager of the firm’s Chicago Oak Brook office. The asset sold for $6,180,000.
Eric P. Bell, senior managing director investments, in Marcus & Millichap’s Chicago Oak Brook office, exclusively marketed the property on behalf of the seller. The buyer was represented by Andrean Angelov, first vice president investments, and Ryan D. Engle, senior vice president investments, in Marcus & Millichap’s Chicago Oak Brook office.
A&E Luxury Apartments is located at 213 North Walnut Street. The elevator-served building was built in 2017 and is comprised of 17 one-bedroom/one-bathroom units, three two-bedroom/one-bathroom units and nine two-bedroom/two-bathroom units. Units feature island kitchens with granite countertops, stainless steel appliances, in-unit laundry, in-unit hot water heaters and balconies for each unit. The property features a luxury seating lounge, recreational patio and 29 underground heated parking spaces.
