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Chicago & Midwest  + Greater Chicagoland  + Apartments  |  April 2, 2025
Jasmine Kilman
By: Jasmine Kilman

Marcus & Millichap Arranges Sale of Mixed-Use in Algonquin

Marcus & Millichap has completed the sale of ReNew on Main, a 69-unit apartment and retail property in Algonquin, Illinois. The property includes 21 one-bedroom and 42 two-bedroom apartments, along with 10,221 square feet of retail space.

“The buyer was drawn to the unique combination of newer construction, spacious apartments and retail along the Fox River in downtown Algonquin,” said Jordan Callaway, first vice president investments. “With strong demand in the Algonquin rental market and continued growth in the Chicagoland area, this property is well-positioned for long-term success.”

Callaway and Eric Bell, investment specialists in Marcus & Millichap’s Chicago Oak Brook office, had the exclusive listing to market the property on behalf of the seller and procured the buyer. Situated on 1.6 acres at 1 N. Main St., ReNew on Main is within walking distance of local businesses, restaurants, and retail options.

Read More News Stories About: Marcus & Millichap
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About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.
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