Multifamily N Illinois

Marcus & Millichap arranges sale of 24-unit apartment property in Aurora

Marcus & Millichap arranges sale of 24-unit apartment property in Aurora,ph1

Marcus & Millichap facilitated the sale of a 24-unit apartment property located in Aurora, Illinois, according to Steven D. Weinstock, regional manager of the firm’s Chicago Oak Brook office. The asset sold for $1,650,000.

Randolph Taylor, an associate, in Marcus & Millichap’s Chicago Oak Brook office, exclusively marketed the property on behalf of the local seller and also represented the 1031 exchange buyer.

Located at 1601-1603 Reckinger Road, the property consists of two adjacent 12-unit buildings. The unit mix is comprised of eight two-bedroom/one-bathroom units, 12 two-bedroom/one-bathroom with dining room units and four one-bedroom/one-bathroom units. The property features tenant-paid heat, central air conditioning and electric hot water along with select units featuring in-unit laundry.