Marcus & Millichap announced the sale of a 12-unit apartment property located in New Lenox, Illinois, according to Steven D. Weinstock, regional manager of the firm’s Chicago Oak Brook office. The asset sold for $1,200,000.
Adam Fortino, an investment specialist in Marcus & Millichap’s Chicago Oak Brook office, exclusively marketed the property on behalf of the seller, a private investor. In addition, he secured and represented the buyer, also a private investor.
Located at 1029 Shagbark Court, the property comprises 11 two-bedroom/one-bathroom as well as a single one-bedroom/one-bathroom unit, with floor plans ranging from approximately 750 to 1,000 square feet. The well-maintained property, located near I-80 about 7 miles south of Joliet, features two on-site laundry facilities and ample off-street parking.