Multifamily N Illinois

Marcus & Millichap facilitates sale of 26-unit La Grange apartment property

Marcus & Millichap facilitates sale of 26-unit La Grange apartment property,ph1

Marcus & Millichap announced the sale of Kensington Manor, a 26-unit apartment property located in La Grange, Illinois, according to Steven D. Weinstock, regional manager of the firm’s Chicago Oak Brook office. The asset sold for $3,380,000.

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 and also represented the buyer.

Kensington Manor is located on south Kensington Avenue in the heart of downtown La Grange. The two-building property is comprised of two one-bedroom/one-bathroom units and 24 two-bedroom/one-bathroom units. The property features one parking space per unit, one storage space per unit and on-site laundry facilities in each building.