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.