Marcus & Millichap announced the sale of an eight-unit apartment property located in Joliet, Illinois, according to Steven D. Weinstock, regional manager of the firm’s Chicago Oak Brook office. The asset sold for $475,000. Adam Fortino, a senior associate in Marcus & Millichap’s Chicago Oak Brook office, represented both the seller and buyer.
The property is located at 418-420 Nicholson Street, adjacent to St. Francis University. The unit mix is comprised of two one-bedroom/one-bathroom with den units and six two-bedroom/one-bathroom units. The building features on-site laundry facilities as well as five rental garages.