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Marcus & Millichap arrange sale of a 12- unit apartment building

Staff Writer April 5, 2017
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One of the leading commercial real estate investment services firms with offices located throughout the United States and Canada, Marcus & Millichap, have sold 15718 & 15724 Independence Court, a 12-unit apartment property located in Oak Forest, IL, according to Steven D. Weinstock, Vice President / Regional Manager of the firm’s Chicago Oak Brook office. The asset sold for $840,000.

Ryan D. Engle, Andrean Angelov and Jordan Gilbert, 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 and represented by Ryan D. Engle, Andrean Angelov and Jordan Gilbert.

15718 & 15724 Independence Court sold at 93 percent of its original list price. 15718 Independence Court is comprised of one one-bedroom / one-bathroom unit, four two-bedroom / one-bathroom units and one two-story three-bedroom / two-bathroom unit measuring approximately 650, 800 and 1,200 square feet, respectively.

15724 Independence Court is comprised of one one-bedroom / one-bathroom unit and five two-bedroom / one-bathroom units measuring approximately 650 and 800 square feet, respectively. In addition, this property includes a garage with four individual spaces supplying parking and/or storage for up to five cars or units.

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