Multifamily N Illinois

Marcus & Millichap closes sale of 23-unit apartment property in Elgin

Marcus & Millichap closes sale of 23-unit apartment property in Elgin,ph1

Marcus & Millichap arranged the sale of a 23-unit apartment property located in Elgin, Illinois, according to Steven D. Weinstock, regional manager of the firm’s Chicago Oak Brook office.

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. Angelov and Engle, along with Timothy B. Stephenson Jr, an associate, in Marcus & Millichap’s Chicago Oak Brook office, represented the buyer.  

Located at 450 S. Belmont Avenue, the property is comprised of 23 studio units. The property is tenant-heated and features ample off-street parking and an on-site laundry facility. The Elgin Metra station is located four miles northeast of the property and Pace Bus stops are located just one block east of the property. Elgin Community College is conveniently located within walking distance.