Midlothian Apartment Portfolio Trades Hands

Marcus & Millichap completed the sale of the Karlov & Keystone Portfolio, a 23-unit apartment portfolio located in Midlothian, Illinois. Ryan D. Engle, senior managing director; Andrean Angelov, senior vice president; and senior associates Sam Antreasian and Zack Mahoney, investment specialists in Marcus & Millichap’s Chicago Oak Brook office, had the exclusive listing to market the property on behalf of the seller, a private investor.

The buyer, a private investor, was secured and represented by Engle, Angelov, and Antreasian.
The Karlov & Keystone Portfolio is located at 14601 & 14607 Karlov Avenue and 14608 & 14636 Keystone Avenue in Midlothian, Illinois. The portfolio has convenient access to Interstate 294 and Route 57.

The properties are one-half mile from the Midlothian Metra Station and are within walking distance of a PACE bus stop. The buildings are close to local retail and dining options. Originally built in the 1960s, the portfolio is comprised of mostly two-bedroom units.

Don’t miss the Lifetime Achievement Award Presentation and Keynote Interview with G. Joseph Cosenza, Vice Chairman of The Inland Real Estate Group, LLC and President of Inland Real Estate Acquisitions, LLC at Connect Midwest: Multifamily, Affordable, Student & Senior Housing Trends on June 4, 2024, at the W-Chicago, City Center Hotel, Chicago, IL. Register Today to network with your peers!