Multifamily N Illinois

Marcus & Millichap arranges sale of 48-unit Hickory Hills apartment building

Marcus & Millichap arranges sale of 48-unit Hickory Hills apartment building,ph1

Marcus & Millichap closed the sale of Hickory Glen Apartments, a 48-unit apartment property located in Hickory Hills, Illinois, according to Steven D. Weinstock, regional manager of the firm’s Chicago Oak Brook office. Terms of the transaction were not disclosed.

Andrean Angelov, first vice president investments, and Ryan D. Engle, senior vice president investments, in Marcus & Millichap’s Chicago Oak Brook office, exclusively marketed the property on behalf of the seller and represented the buyer.

Hickory Glen Apartments is located at 8530 W. 95th Street and consists of two 24-unit buildings. The unit mix is comprised of all one-bedroom/one-bathroom units. The property features on-site storage spaces for each unit, on-site laundry facilities and ample off-street parking. The area provides convenient access to public transportation with the Willow Springs Metra station and the Chicago Ridge Metra station located approximately four miles away and Pace Bus stops located within walking distance.