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MidwestCRE

Marcus & Millichap sells 12-unit apartment building

Staff Writer April 5, 2017
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Marcus & Millichap Real Estate Investment Services has sold 2470 Leslie Lane, a 12-unit apartment property located in Hanover Park. The asset commanded a sales price of $630,000.

Ryan Engle and Andrean Angelov, investment specialists in Marcus & Millichap’s Chicago Oak Brook office, had the exclusive listing to market the property on behalf of the seller, a private investor.  The buyer, a private investor, was secured and represented by Engle and Angelov.

The property at 2470 Leslie Lane sold in 57 days near its original list price. The property consists of four one-bedroom/one-bathroom units and eight two-bedroom/one-bathroom units measuring approximately 700 and 800 square feet respectively. In addition, the property features ample off-street parking, on-site laundry and a newer roof.

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