Marcus & Millichap Arranges Sale of New Lenox Apartment Building
Marcus & Millichap closed the sale of an eight-unit apartment property located in New Lenox, Illinois. Ryan Engle, Andrean Angelov, and Zack Mahoney, out of the firm’s Chicago Oak Brook office, had the exclusive listing to market the property on behalf of the seller, a private investor. The buyer was also a private investor and was secured and represented by Engle and Angelov.
The multifamily building is located at 1010 Shagbark Road. The property has convenient access to Interstate 80, Route 52 and Route 30 and is two miles to the Laraway Road Metra station. The area is surrounded by numerous local and national retail and dining outlets.
The property is a part of New Lenox School District 122. Originally built in 1977, the property features all two-bedroom renovated units. Each unit features an in-unit washer and dryer, patio or balcony, new windows and door trims, and updated bathroom vanity and fixtures.
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.