Multifamily N Illinois

Marcus & Millichap arranges two separate Chicago-area apartment sales totaling $4.5M

Marcus & Millichap arranges $1.3M sale of Evanston apartment building,ph1

Marcus & Millichap facilitated the sale of two multifamily properties in the Chicago area. The two separate transactions were in Evanston and Dolton, Illinois, with a combined sale price of over $4.5 million.

In the first transaction, a nine-unit apartment property located at 828 Seward Street, Evanston sold for $1,290,000. James Ziegler, a senior associate in the firm’s Chicago downtown office, represented the buyer and seller in the transaction.  

The property is comprised of six one-bedroom/one-bathroom units and three two-bedroom/one-bathroom units. The property is walking distance to several neighborhood parks and less than a mile from the shores of Lake Michigan.

Separately, Andrean Angelov, first vice president investments, Anthony Hardy, senior associate, Ryan D. Engle, senior vice president investments, and Thomas Heitzman, an associate, in Marcus & Millichap’s Chicago Oak Brook and Downtown offices exclusively marketed Dorchester Townhomes, located at 1450 E. 154th Place, Dolton on behalf of the seller.

The buyer was represented by Kellan Moll, senior associate, Mitchell Loofburrow, an associate, and Scott Morasch, first vice president investments, in Marcus & Millichap’s Seattle office. The 51-unit apartment property, which consists of two six-unit buildings, one nine-unit building, and three 10-unit buildings, sold for $3,250,000.