Multifamily N Illinois

Marcus & Millichap facilitates sale of 12-unit apartment building

Marcus & Millichap facilitates sale of 12-unit apartment building,ph1

Marcus & Millichap announced the sale of a 12-unit apartment property located in Bolingbrook, Illinois, according to Steven D. Weinstock, regional manager of the firm’s Chicago Oak Brook office. The asset sold for $1,180,000.

Adam Fortino, a senior associate in Marcus & Millichap’s Chicago Oak Brook office, had the exclusively marketed the property on behalf of the seller. Located at 375 Newcastle Lane, the well-maintained brick building features all two-bedroom/one-bath units, tenant-paid utilities, in-unit laundry and ample off-street parking.