Marcus & Millichap has announced the sale of Heather Glen, a 40-unit apartment property located in Rockford, IL, according to Steven D. Weinstock, Vice President/ Regional Manager of the firm’s Chicago Oak Brook office. The asset sold for $950,000.
Scott D. Harris, investment specialist in Marcus & Millichap’s Chicago Oak Brook office and Robert Sheppard, Armand Tiberio and Spencer Hurst, investment specialists in Marcus & Millichap’s Seattle TCG office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. The buyer, a private investor, was secured and represented by Edward Liss, an investment specialist in Marcus & Millichap’s Chicago O’Hare office.
Heather Glen at 2723 Silent Wood Trail is a garden-style apartment community consisting of five two-story buildings comprising 40 three-bedroom / one and one-half bathroom units with approximately 1,000-square feet. The property is located in the southeast corner of Rockford, less than 10 minutes to downtown Rockford.
