Marcus & Millichap announced the sale of the Mixed-Use Berwyn Portfolio, an 80-unit (four buildings) apartment portfolio located in Berwyn, IL. The assets sold for $3,400,000.
Andrean Angelov and Ryan D. Engle, investment specialists in Marcus & Millichap’s Chicago Oak Brook office and Eric P. Bell, investment specialist in Marcus & Millichap’s Chicago O’Hare office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. The buyer, a private investor, was also secured and represented by Ryan D. Engle, Andrean Angelov and Eric P Bell.
The Berwyn Mixed-Use Portfolio consists of four buildings located at 2139 Clinton Avenue, 2140 Kenilworth Avenue, 2200 Scoville Avenue and 2202 Grove Avenue in Berwyn. The unit-mix is comprised of nine retail spaces, 12 studio / one-bathroom units, 41 one-bedroom / one-bathroom units and 18 two-bedroom / one-bathroom units. The retail spaces measure approximately 1,000 square feet each and the apartment units measure approximately 500, 600 and 700 square feet. The four buildings are all located within a half mile of each other along the highly trafficked Cermak Road.