Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of an 11-unit apartment property located in Evanston, Illinois.
Senior Managing Director Investments Ryan D. Engle, Senior Vice President Investments Andrean Angelov, and Associate Jake Lenti had the exclusive listing to market the property on behalf of the seller, a private investor. The buyer, a private investor, was secured and represented by Engle and Angelov.
The team conducted several tours of the property and received multiple offers from qualified investors before the property went under contract.
This 11-unit multi-family building is located at 2533 Hartrey Ave. in Evanston, Illinois. The property is located one and one-half miles from Northwestern University and Lake Michigan. The property has convenient access to Interstate 94 and Route 41 and is less than one-half mile to Central Street Metra Station. The area is surrounded by numerous local and national retail and dining outlets. Originally built in 1923, the building features a desirable unit mix of one-bedroom and two-bedroom units, two garages for storage and an on-site laundry facility.
