Marcus & Millichap has brokered the sale of 1900 S. 51st Avenue, a 19-unit apartment property located in Cicero, Illinois, according to Steven D. Weinstock, regional manager and first vice president of the firm’s Chicago Oak Brook office. The asset sold for $1,175,000.
Andrean Angelov, first vice president, Ryan D. Engle, senior managing director, and Samuel M. Antreasian, associate, and 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 limited liability company, was secured and represented by Angelov, Engle and Antreasian.
The asset has convenient access to Routes 43 and 50 and Interstates 55 and 290 and is within a three-mile radius of Hawthorne Works Shopping Center and Cicero Marketplace, with numerous retail and dining options. The property features newer windows and boiler.