Marcus & Millichap announced the sale of a 12-unit apartment property located at 11020 S. Ridgeland Ave. in Worth, Illinois, according to Steven D. Weinstock, regional manager of the firm’s Chicago Oak Brook office. The asset sold for $858,000.
The property comprises four one-bedroom/one-bathroom and eight two-bedroom/one-bathroom units, each featuring a balcony or patio. The building also has an on-site laundry facility and ample off-street parking.
Located near both the Worth and Chicago Ridge Metra stations, the property benefits from convenient access to public transportation. It is also a short drive from nearby retail, including Chicago Ridge Mall and the Commons of Chicago Ridge Shopping Center.
Andrean Angelov and Ryan D. Engle, investment specialists in Marcus & Millichap’s Chicago Oak Brook office, exclusively marketed the property on behalf of the seller, a limited liability company. The buyer, a private investor, was also secured and represented by Angelov and Engle.