Marcus & Millichap announced the sale of Blue Station Apartments, a Chapter 11 Bankruptcy sale consisting of a 347-unit apartment property located in Blue Island, IL, according to Steven D. Weinstock, regional manager and first vice president of the firm’s Chicago Oak Brook office.
Andrean Angelov, senior vice president, and Ryan D. Engle, senior managing director, and investment specialists in Marcus & Millichap’s Chicago Oak Brook office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. The buyer, a private investor, was secured and represented by Angelov and Engle.
Blue Station Apartments is located at 2130 122nd Street in Blue Island, Illinois in walking distance from the Metra station and Pace bus stops. The property is located within an opportunity zone and features 2013 and 2018 renovations, ample off-street parking, and multiple on-site laundry facilities.
