Marcus & Millichap has announced the $1,830,000 sale of 231 South Villa Avenue, a 24-unit apartment property located in Villa Park, Illinois.
The property features ample off-street parking, a newer on-site income-producing laundry facility, a workout facility, and storage spaces.
The subject property is one mile south of the Villa Park Metra station, three blocks east of the Kingery Highway (Route 83), three miles northwest of the Interstate 290 / Interstate 294 junction, and seven miles southwest of O’Hare International Airport. Additionally, the property is also near multiple shopping options, including the Oakbrook Center Mall, as well as numerous parks and golf courses.
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, an individual/personal trust. The buyer, a private investor, was also secured by Ryan D. Engle and Andrean Angelov.