Marcus & Millichap Real Estate Investment Services has sold 1500 Pioneer Road, a 16-unit apartment property located in Crest Hill. The asset commanded a sales price of $1 million.
Adam Fortino, 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 limited liability company, was also secured and represented by Engle and Fortino.
1500 Pioneer Road consists of four studios and 12 two-bedroom/one-bathroom units measuring approximately 500 to 850 square feet respectively. The property features mature landscaping and many recent capital improvements including a brand new roof and privacy fence.
