Marcus & Millichap negotiated the sale of Dryden Apartments, a 100-unit property in Arlington Heights, Illinois.
Ryan D. Engle, senior managing director, and Andrean Angelov, senior vice president, investment specialists in Marcus & Millichap’s Chicago Oak Brook office, had the exclusive listing to market the property on behalf of the seller and procured the buyer, both private investors.
Dryden Apartments sit on 1.72 acres at 1-21 North Dryden Place. Built in 1960, the 70,681-square-foot property includes 48 one-bedroom and 48 two-bedroom units, along with four office units. It is one mile from downtown Arlington Heights and the Metra station and approximately 27 miles northwest of the Loop, with convenient access to Interstate 290. The property is in a desirable school district, Township High School District 214, and is near Windsor Elementary School. The median household income within one mile is $109,507.
