Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of Harvard Park Apartments, a 40-unit apartment property located in Harvard, Ill., according to David G. Bradley, regional manager of the firm’s Chicago Downtown office. The asset sold for $2,865,000.
David B. Tarnoff, first vice president investments in Marcus & Millichap’s Chicago Downtown office, exclusively marketed the property on behalf of the seller and also represented the buyer.
Harvard Park Apartments is located at 108-24 W. Brink St. in Harvard, Ill., 80 miles northwest of Chicago. The five-building property is comprised of 40 two-bedroom/two-bathroom units each featuring central air-conditioning and a private patio or balcony. The property features two laundry facilities and ample parking for both residents and guests.
About Marcus & Millichap
With over 1,800 investment sales and financing professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the firm closed over 9,000 transactions in 2017 with a value of approximately $42.2 billion. Marcus & Millichap has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors.