Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of an 18-unit apartment building portfolio located in Chicago Heights, Illinois, according to Steven D. Weinstock, regional manager and senior vice president of the firm’s Chicago Oak Brook office. The asset sold for $1,265,000.
Eric Bell, executive managing director investments, and Jordan Callaway, first vice president investments, of Marcus & Millichap’s Chicago Oak Brook office, had the exclusive listing to market the property on behalf of the seller, a Chicagoland-based private investor.
This portfolio includes three properties that are fully occupied. The buildings feature large units, six garage spaces and tenant-paid utilities.
