Marcus & Millichap announced the sale of a 12-unit apartment property located at 7727 43rd St. in Lyons, Illinois.
Senior Managing Director Investments Ryan D. Engle, Senior Vice President Investments Andrean Angelov, and Senior Associate Sam Antreasian 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, Angelov, and Antreasian.
The property has convenient access to Route 43, Route 34 and Route 171 and is three miles to the Hollywood Metra Station. The area is surrounded by numerous local and national retail and dining outlets. Originally built in 1964, the building has been proudly owned and operated for 30 years and features a unit mix of mostly two-bedroom units, 18 numbered parking spaces and an on-site laundry facility. All apartments have been modestly updated over course of ownership. The building also features numerous recent capital improvements including a roof that is less than five years old.
