Marcus & Millichap announced the sale of a 15-unit apartment property located at 2100 S. 51st Avenue in Cicero, Illinois, according to Steven D. Weinstock, regional manager of the firm’s Chicago Oak Brook office. The asset sold for $775,000.
Andrean Angelov, first vice president investments, Ryan D. Engle, senior vice president investments, and Samuel M. Antreasian, associate, in Marcus & Millichap’s Chicago Oak Brook office, exclusively marketed the property on behalf of the seller. The buyer was represented by Angelov and Engle.
The property is comprised of six studios, four one-bedroom/one-bathroom units and five two-bedroom/one-bathroom units. The property features tenant-heated units and individual HVAC in addition to ample storage space and an on-site laundry facility. Located eight miles southwest of the Chicago Loop, the property has convenient access to Interstates 55 and 290 as well as the CTA Pink Line station and the Cicero Metra train station just blocks away.
