Marcus & Millichap has sold 7719 West Fullerton Avenue, a 9-unit apartment property located in Elmwood Park, IL. The asset sold for $695,000.
Ryan D. Engle, Andrean Angelov and Jordan Gilbert, 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, Andrean Angelov and Jordan Gilbert.
7719 West Fullerton Avenue sold in 11 days at 96 percent of its original list price. The property consists of two one-bedroom / one-bathroom units and seven two-bedroom / one-bathroom units. The one-bedroom units measure approximately 750 square feet and feature a collapsible wall that can be used to convert the unit into a two-bedroom apartment, or can be left open to create an additional common area. The two-bedroom units measure approximately 850 square feet. The property has been very well-maintained and features a number of recent capital improvements including: newer windows (all replaced within the last five years) and a freshly paved parking lot. The property also includes six off-street parking spaces, one storage space per unit and an income-producing washer and dryer.
