Marcus & Millichap Real Estate Investment Services has completed the sale of Lexington Apartments, a 12-unit apartment property located in Elmhurst. The asset sold for $1.2 million.
Ryan Engle and Andrean Angelov, 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 Engle and Angelov.
Lexington Apartments at 15W630 Lexington St. sold in eight days at 95 percent of its original list price. The property consists of four one-bedroom/one-bathroom units and eight two-bedroom/one-bathroom units, features 24 off-street parking spaces, on-site laundry facilities and one storage space per unit. Lexington Apartments is located near the intersection of Butterfield Road and York Road and is approximately two miles from the Elmhurst Metra Station. Elmhurst College is located less than three miles from the property.
