Student Housing N Illinois

Apartment property near ISU sells for $6.8 million

Apartment property near ISU sells for 6.8 million,ph1

Marcus & Millichap completed the sale of Lincoln Park Townhomes, a 39-unit apartment property located in Normal, Illinois, according to Steven D. Weinstock, regional manager of the firm’s Chicago Oak Brook office. The asset sold for $6,800,000.

Eric P. Bell, senior managing director investments, and Mitchell Kiven, a senior associate, in Marcus & Millichap’s Chicago Oak Brook and Chicago Downtown offices, exclusively marketed the property on behalf of the seller.

Located on a prominent corner, the all-brick, townhome-style building is located at 609 S. Fell Avenue. The units are all four-bedroom/four-bathroom and feature in-unit laundry. Illinois State University is located about 0.2 miles away or about a four-minute walk.