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MidwestCRE

Marcus & Millichap arranges the sale of a 23-unit apartment building

Staff Writer April 4, 2017
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Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of 4709 Yender Ave, a 23-unit apartment property located in Lisle, IL, according to Steven D. Weinstock, Vice President/ Regional Manager of the firm’s Chicago Oak Brook office. The asset sold for $1,955,000. Ryan D. Engle and Andrean Angelov, 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 also secured and represented by Ryan D. Engle and Andrean Angelov 4709 Yender Avenue in Lisle, IL sold in 21 days at 100 percent of its original list price. The subject property consists of 22 one-bedroom / one-bathroom units and one two-bedroom / one-bathroom unit measuring approximately 825 and 1,000 square feet respectively. The property features ample off-street parking and on-site laundry.

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