Marcus & Millichap announced the sale of Burlington Place, a 12-unit apartment property located at 2300-2310 Burlington Ave. in in Downers Grove, Illinois.
Senior Managing Director Investments Ryan D. Engle and Senior Vice President Investments Andrean Angelov, both 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 secured and represented by Engle and Angelov.
The team had conducted several tours of the property and received multiple offers from qualified investors before the property went under contract.
The property has convenient access to Interstate 88 and Interstate 355 and is within walking distance to the Belmont Metra station and PACE bus stops. The area is surrounded by numerous local and national retail and dining outlets. Originally built in 1970, the building features a desirable unit mix of one-bedroom and two-bedroom units. The building also offers off-street parking and an on-site laundry facility.
