Marcus & Millichap announced the sale of 14800 Kenton Avenue, a 24-unit apartment property located in Midlothian, IL, according to Steven D. Weinstock, Vice President/ Regional Manager of the firm’s Chicago Oak Brook office. The asset sold for $1,410,000.
Scott D. Harris, Andrean Angelov and Ryan D. Engle, 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 also secured by Scott D. Harris, Ryan D. Engle and Andrean Angelov.
The subject property is located at 14800-16 South Kenton Avenue in Midlothian, IL and sold in 33 days. The property consists of 24, well maintained, two-bedroom units. The property features four two-bedroom / one-bathroom units measuring approximately 875 square feet and 20 two-bedroom / one and one-half bathroom units measuring 1,000 square feet. The property includes ample off-street parking and on-site laundry facilities in each building.
