Multifamily N Illinois

Marcus & Millichap arranges sale of 18-unit apartment building in Blue Island

Marcus & Millichap arranges sale of 18-unit apartment building in Blue Isla,ph01

Marcus & Millichap facilitated the sale of Wood Street Apartments, an 18-unit apartment property located at 13046 Wood Street in Blue Island, Illinois, according to Steven D. Weinstock, regional manager and first vice president of the firm’s Chicago Oak Brook office. The asset sold for $1,085,000.

Randolph Taylor, a multifamily investment sales specialist in Marcus & Millichap’s Chicago Oak Brook office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. Taylor represented the seller in this transaction selling the property to a New York investment firm. The property is a well-maintained, all brick three-story courtyard style building 95 percent occupied at the time of the sale.