Multifamily N Illinois

Marcus & Millichap arranges sale of Joliet apartment building

Marcus & Millichap arranges sale of Joliet apartment building,ph1

Marcus & Millichap announced the sale of a 12-unit apartment property located in Joliet, Illinois, according to Steven D. Weinstock, regional manager of the firm’s Chicago Oak Brook office. The asset sold for $840,000.

Adam Fortino, a senior associate in Marcus & Millichap’s Chicago Oak Brook office, represented both the buyer and seller. The property is located at 516 Bellarmine Drive East. The tenant-heated building features 10 income-producing garages, on-site laundry facilities and ample off-street parking.