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Chicago & Midwest  + Greater Chicagoland  + Apartments  | 

New-Construction Oak Park Apartments Change Ownership

Marcus & Millichap recently closed the sale of North Edge, a seven-unit apartment property located in Oak Park, IL. The asset sold for $3,316,500.

Eric P. Bell, senior managing director and investment specialist in Marcus & Millichap’s Chicago Oak Brook office, marketed the property on behalf of the seller, a private investor.  The buyer, a private investor, was secured and represented by Bell.  

North Edge is located at 6605 West North Ave. in Oak Park, in a live/work zoning district and in the Horace Mann school district. The property is a fully-leased, new-construction apartment building with a strong unit mix, attached garage parking and broker-arranged 10-year financing, according to Marcus & Millichap.


Inside The Story

Marcus & Millichap’s Bell

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 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).