Chicago & Midwest + Greater Chicagoland + Apartments | April 19, 2023

Marcus & Millichap Closes Sale of Chicago Heights Portfolio

Marcus & Millichap arranged the sale of an 18-unit apartment building portfolio located in Chicago Heights, IL. The asset sold for $1,265,000.

Eric Bell, executive managing director investments, and Jordan Callaway, first VP investments, both based in Marcus & Millichap’s Chicago Oak Brook office, marketed the property on behalf of the seller, a Chicagoland-based private investor.

The well-maintained portfolio includes three properties that are fully occupied: 62-64 W. 15th St. and 148 W. 14th St., both in Chicago Heights, and 3020 & 3022 Jackson Ave. in South Chicago Heights. The buildings feature large units, six garage spaces and tenant-paid utilities.

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Marcus & Millichap Chicago Oak Brook

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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