Berkadia announced the sale of Westmore Apartments, a multifamily property in Lombard, Illinois. The property sold for $29.25 million by a Chicago-based private seller, and the buyer was Axiom Westmore, LLC., based in Lincolnshire, Illinois.
Community amenities, include a swimming pool, a courtyard with a fountain, laundry facilities in all buildings and a playground and picnic area.
Built in 1968, the apartment complex is located at 1049 S. Westmore Ave. The 230-unit property has access to Interstates 88 and 355, with downtown Chicago less than 20 miles away. Nearby attractions featured in the area are Oakbrook and Yorktown Shopping Center.
Senior Director Ralph DePasquale of Berkadia’s Chicago office closed the sale.