Skip to content
Homepage
  • Market
    • Illinois
    • Indiana
    • Iowa
    • Kansas
    • Kentucky
    • Michigan
    • Midwest
    • Minnesota
    • Missouri
    • N Dakota
    • National
    • Nebraska
    • Ohio
    • S Dakota
    • Tennessee
    • Texas
    • Wisconsin
  • Events
  • Sector
    • CRE
    • Finance
    • Healthcare
    • Hospitality
    • Industrial
    • Legal
    • Multifamily
    • Net Lease
    • Office
    • Retail
    • section
    • Seniors Housing
    • Student Housing
  • Advertise
  • Real Estate Awards
  • Login/Register

Marcus & Millichap brokers multifamily, mixed-use transactions in Chicago area

June 25, 2019
Share on Facebook Share on Twitter Share on LinkedIn Share via email

Marcus & Millichap brokered the sale of two rental properties and one mixed-use building in the Chicago area. The properties are located in Chicago, Lemont and Summit, Illinois.

The 15,600-square-foot mixed-use property located at 7801 S. Ashland Avenue in Chicago sold for $675,000. James Ziegler, a first vice president investments, and Keith Zelenika, an associate, in Marcus & Millichap’s Chicago Downtown office, had the exclusive listing to market the property on behalf of the seller.

This mixed-use property consists of one first-floor retail unit measuring 1,000 square feet, six one-bedroom/one-bathroom units measuring 700 square feet and eleven two-bedroom/one-bathroom units measuring 900 square feet. This property’s location in the Auburn Gresham neighborhood provides residents and customers with close access to the Dan Ryan Expressway as well as CTA bus and train stops.

Andrean Angelov, first vice president investments, Adam Fortino, a senior associate, and Ryan D. Engle, senior vice president investments, in Marcus & Millichap’s Chicago Oak Brook office, exclusively marketed Main Court Apartments in Lemont on behalf of the seller and represented the buyer. The 24-unit apartment property received multiple offers and sold above list price.

Main Court Apartments is located at 510-520 Main Street, four blocks east of the Lemont Metra Train station. The property consists of two 12-unit buildings comprised of all one-bedroom/one-bathroom units. The property features ample off-street parking, balconies or patios for each unit and an on-site laundry facility for each building.

Angelov, along with Ryan D. Engle, senior vice president investments, and Samuel M. Antreasian, an associate, in Marcus & Millichap’s Chicago Oak Brook office, exclusively marketed Summit Court Apartments, a 48-unit apartment property located in Summit, on behalf of the seller. Engle and Angelov also represented the buyer. Terms of the transaction were not disclosed

Located at 7227 W. 58th Street off Harlem Avenue, the unit mix is comprised of 44 one-bedroom/one-bathroom units and four two-bedroom/one-bathroom units. The property features 20 off-street parking spaces. Public transportation is readily available for residents with CTA and PACE bust stops located a half block east and the Summit train station located one-mile northwest of the property.

Tags
ChicagoIllinoislemontMarcus & Millichapmultifamilysummit
" "

Subscribe

Subscribe to our email list to read all news first.

Subscribe
Related Articles
IowaIndustrial

Des Moines Industrial buys 31 acres as future home for industrial transloading facility

February 26, 2021
MinnesotaFinanceMultifamily

Colliers Mortgage provides $18.2 million purchase loan for 98-unit apartment complex in Minnesota

February 26, 2021
MinnesotaLegal

MV Ventures names VP and general counsel

February 26, 2021
IllinoisOffice

JLL Capital Markets closes $153 million refinance for downtown Chicago office tower

February 26, 2021

Subscribe

Subscribe to our email list to read all news first.

Subscribe
REJournals logo

Market

  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Michigan
  • Midwest
  • Minnesota
  • Missouri
  • N Dakota
  • National
  • Nebraska
  • Ohio
  • S Dakota
  • Tennessee
  • Texas
  • Wisconsin

Sector

  • CRE
  • Finance
  • Healthcare
  • Hospitality
  • Industrial
  • Legal
  • Multifamily
  • Net Lease
  • Office
  • Retail
  • section
  • Seniors Housing
  • Student Housing

Subscribe

Subscribe to our email list to read all news first.

Subscribe
  • Contact Us
  • Events
  • Advertise
  • Office Locations
© 2021 REjournals.com