Multifamily N Illinois

Marcus & Millichap closes on two suburban apartment building sales

Marcus & Millichap closes sale of 12-unit Fox Lake apartment building,ph1
37 Nippersink Road, Fox Lake, Illinois.

Marcus & Millichap arranged the sale of two rental properties in suburban Chicago. The firm brokered the sale of Fox Valley Apartments, a 12-unit apartment property located in Fox Lake, Illinois, as well as a 10-unit apartment property in Riverside, Illinois. Terms of the transactions were not disclosed.

Fox Valley Apartments is located at 37 Nippersink Road. The property is comprised of all two-bedroom/one-bathroom units. The property features a newer parking lot, on-site laundry facilities, and ample off-street parking. The Fox Lake Metra station is located across the street and Fox Lake Town Center is one-half mile away providing easy access for groceries, and retail and dining options.

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

Angelov and Engle also represented the seller and buyer in a transaction for 215 W. Quincy Street in Riverside. Comprised entirely of one-bedroom/one-bathroom units, including one garden unit, the property features ample off-street parking, one storage space per unit and on-site laundry. Positioned three miles from North Riverside Park Mall and Cermak Plaza Shopping Center, residents have numerous retail and dining options.

Marcus & Millichap closes on two suburban apartment building sales,ph2
215 W. Quincy Street, Riverside, Illinois.