Marcus & Millichap Real Estate Investment Services has sold Glenwood Apartments & Townhomes, a 30 unit multifamily property located in Joliet. The asset commanded a sales price of $1.7 million.
James F. Clough, an investment specialist in Marcus & Millichap’s Chicago downtown office, had the exclusive listing to market the property on behalf of the seller, a local apartment owner.
Glenwood Apartments & Townhomes is a 30-unit rental community located adjacent to Provena St. Joseph Medical Center. The property consists of five six-unit buildings with each building containing four apartments and two townhomes.