Marcus & Millichap brokered the sale of Light Road Apartments, a 168-unit multifamily asset in Oswego, Illinois.
Ryan Engle, senior managing director of investments in Marcus & Millichap’s Chicago office, and Andrean Angelov with Marcus & Millichap represented the seller, a private investor. The pair in conjunction with Zack Mahoney of Marcus & Millichap, procured the buyer, too, a private investor.
Built in 1972 on 10 acres, the property’s location provides residents with access to Illinois State Routes 31, 25 and 71. Aurora Metra Station, with commuter rail service to Downtown Chicago, is a short drive away. Downtown Oswego is two miles from the property and Fox Chase Elementary School, Augusta Lake Park and Marina Shopping Center are nearby.
Light Road Apartments has 98 one-bedroom/one-bath units and 70 two-bedroom/one-bath apartments that average 561 square feet and 750 square feet, respectively. Community amenities include a clubhouse, swimming pool, off-street parking, and a laundry facility.
