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MidwestCRE

Marcus & Millichap arranges sale of 12-unit apartment building in Westmont

Staff Writer April 5, 2017
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Marcus & Millichap Real Estate Investment Services has completed the sale of 6704-6706 Cedar Lane, a 12-unit apartment property located in Westmont. The asset sold for $650,000.

Adam Fortino, Andrean Angelov and Ryan Engle, 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 Fortino, Engle and Angelov.

6704-6706 Cedar Lane sold in 11 days. The property consists of two one-bedroom/one-bathroom units and 10 two-bedroom/one-bathroom units and is centrally located near four major expressways. The property also offers access to the Westmont Metra station and is located approximately 20 miles from O’Hare International Airport and Midway Airport.

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