Marcus & Millichap Real Estate Investment Services has completed the sale of 308 Kathleen Drive, a 12-unit apartment building, and 314-318 Kathleen Drive, two six-unit apartment buildings, both located in Elgin. The assets sold for $1.1 million.
Andrean Angelov and Ryan Engle, investment specialists in Marcus & Millichap’s Chicago Oak Brook office, had the exclusive listing to market the property on behalf of the seller, a partnership. The buyer, a limited liability company, was also secured and represented by Engle and Angelov.
308 and 318 Kathleen Drive sold in 16 days at 88 percent of their original list price. The properties consist of all two-bedroom/one-bathroom units and are located only minutes away from Town and Country Shopping Center, Larkin High School and Elgin Community College. In addition, the properties feature one storage space per unit and off-street parking.
