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.