CRE N Illinois

Marcus & Millichap arranges sale of a 5-unit apartment building

5unitmm

One of the leading commercial real estate investment services firm with offices throughout the United States and Canada, Marcus & Millichap, sold a 5-unit apartment property located in Evanston, IL.

One of the leading commercial real estate investment services firm with offices throughout the United States and Canada, Marcus & Millichap, sold a 5-unit apartment property located in Evanston, IL, according to John M. Przybyla, regional manager of the firm’s Chicago Downtown office. The asset sold for $1,990,000.

Kyle Stengle, an investment specialist in Marcus & Millichap’s Chicago Downtown office, had the exclusive listing to market the property on behalf of the seller, a private investor. The buyer, a private investor based out of Japan, was secured and represented by Bill Bailey and John Bailey, investment specialists in Marcus & Millichap’s Chicago Downtown office.

The property is located at 913 Forest Avenue in Evanston, IL. Gut-rehabbed in 2012, this building is in great condition. The unit mix includes two three-bedroom units, with three four-bedroom units. The entire top floor is home to an immaculate penthouse. Each unit has individual HVAC, stainless steel appliances, granite countertops, large bedrooms, and ample closet space. Each unit is also designated a parking space.