Marcus & Millichap Real Estate Investment Services has sold a 10-unit multifamily property located in Oak Park. The asset commanded a sales price of $755,000.
James Clough, Eric Bell and Joseph Smazal, investment specialists in Marcus & Millichap’s Chicago office, had the exclusive listing to market the property on behalf of the seller, a private investor. The buyer, a private investor, was also secured and represented by Clough, Bell and Smazal.
The property is located at 162 N. Humphrey Ave. in Oak Park and is situated immediately south of the newly renovated West Suburban Medical Center and Resurrection Nursing School. The 10-unit apartment building features a mix of two one-bed/one-bath units, seven two-bed/one-bath units, and one three-bed/one-bath unit. It also features an off street parking lot, an on-site management office, and is 100 percent occupied.