Multifamily N Illinois

Marcus & Millichap arranges sale of 156-unit apartment building near NIU

Marcus & Millichap arranges sale of 156-unit apartment building near NIU,ph1

Marcus & Millichap announced the sale of West Ridge Apartments, a 156-unit apartment property located in Dekalb, Illinois, according to Steven D. Weinstock, regional manager of the firm’s Chicago Oak Brook office.

Eric P. Bell, a senior managing director investments in Marcus & Millichap’s Chicago Oak Brook office, had the exclusive listing to market the property on behalf of the seller and also represented the buyer.

The property is located at 919 Ridge Drive in Dekalb. The property consists of 13 three-story, 12-unit buildings and one additional building on site that includes the leasing office, laundry facilities and maintenance shed. All units are two-bedroom/two-bathroom and each feature a private entry and air conditioning. This property is located within close proximity to Northern Illinois University allowing tenants to easily drive to campus or commute via the HuskyLine bus service.