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Apartments Near Illinois State University Get New Ownership
Marcus & Millichap has arranged the sale of Lincoln Park Townhomes, a 39-unit apartment property located in Normal, IL, near Illinois State University and about two hours southwest of Chicago. The property traded for $6.8 million.
Eric P. Bell, senior managing director investments, and Mitchell Kiven, a senior associate, in Marcus & Millichap’s Chicago Oak Brook and Chicago Downtown offices, respectively, marketed the property on behalf of the seller. Buyer and seller were not disclosed.
Located on a prominent corner, the all-brick townhome-style building is at 609 S. Fell Ave. in Normal. The units are all four-bedroom/four-bathroom, and feature in-unit laundry facilities. ISU is located about 0.2 miles away.
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- ◦Sale/Acquisition

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