Student Housing N Illinois

Dekalb rental property sells for $745,000

Dekalb rental property sells for 745,000,ph1

Marcus & Millichap facilitated the sale of a 28-unit apartment property located in Dekalb, Illinois, according to Steven D. Weinstock, regional manager and first vice president of the firm’s Chicago Oak Brook office. The asset sold for $745,000.

Adam Fortino, senior associate and an investment specialist in Marcus & Millichap’s Chicago Oak Brook office, had the exclusive listing to market the property on behalf of the seller, a private investor. The property is located at 900 Greenbrier Road and is in close proximity to Northern Illinois University. Many recent capital improvements have been made and there is a long-term lease in place with the Sigma Alpha Mu fraternity.