Multifamily Midwest

NAI Hiffman negotiates two multifamily sales

NAI Hiffman’s William Montana has brokered the sale of two multifamily complexes, Dixon River Apartments and Kiwanis Manor, on behalf of AIMCO to a Milwaukee-based partnership for an undisclosed amount.

NAI Hiffman’s William Montana has brokered the sale of two multifamily complexes, Dixon River Apartments and Kiwanis Manor, on behalf of AIMCO to a Milwaukee-based partnership for an undisclosed amount.

The apartment buildings, located at 624 Marclare Street in Dixon, Ill and at 3001 Loras Drive in Freeport, Ill, are each comprised of 72 apartments totaling 61,292 square feet.  Both complexes were constructed circa 1994 and feature balconies or patios for each unit, central heat and air, garages and laundry facilities.