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Apartment Portfolio Fetches $8M in Loves Park, Rockford
Marcus & Millichap recently closed the sale of Forest City Properties, a 111-unit apartment portfolio located in Loves Park and Rockford, IL. The portfolio sold for $8,275,000.
Eric Wagner and James Ziegler, investment specialists in Marcus & Millichap’s Chicago Downtown and Milwaukee offices, marketed the property on behalf of the seller, a private investor. The buyer, a private investor, was also secured and represented by Wagner and Ziegler.
Forest City Properties are located in five locations throughout Loves Park and Rockford. Each unit has a separate entrance and 99% of the units have a one or two car garage. The portfolio received numerous capital improvements under its previous ownership, including new siding, blacktopped driveways, windows, and interior renovations.
- ◦Sale/Acquisition


