Marcus & Millichap negotiated the sale of Northfield Meadows Apartment Homes, a 26-unit apartment property in Bourbonnais, Illinois.
Ryan Engle, Senior Managing Director, Andrean Angelov, Senior Vice President, and Zack Mahoney, Associate, 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, also a private investor, was secured and represented by Engle, Angelov and Mahoney.
According to the team, the property was sold for above the asking price. In addition to the six buildings, two adjacent vacant lots were part of the purchase. The team conducted several property tours and received multiple offers from qualified investors before the property went under contract.
Northfield Meadows Apartment Homes is located at 1431-1495 Northfield Meadows Blvd. in Bourbonnais. The property has convenient access to Interstate 57 and Route 50 and is near Olivet Nazarene University and Bradley-Bourbonnais Community High School.
