Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of 1004 Des Plaines Avenue, a 15-unit apartment property located in Forest Park, Illinois.
Ryan D. Engle, senior managing director; Andrean Angelov, senior vice president; and Samuel Antreasian, senior associate—investment specialists in Marcus & Millichap’s Chicago Oak Brook office—had the exclusive listing to market the property on behalf of the seller, a private investor, and secured the buyer, also a private investor.
Located about 11 miles west of downtown Chicago, 1004 Des Plaines Avenue is a 9,000-square-foot property featuring 15 one-bedroom units. The building has been fully renovated over the past 15 years and offers convenient access to I-290 and public transportation. Nearby amenities include Forest Park Plaza, Loyola University Medical Center and Edward Hines Jr. VA Hospital.
Rent includes heat, water, one private parking space and access to onsite coin laundry & storage. All floorplans are 1-bedroom and 1-bathroom. Units include one built-in A/C unit, maple cabinets, granite counter tops, stainless appliances, dishwasher, and built-in microwave.
Marcus & Millichap, Inc. (NYSE: MMI) is a leading national brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services. As of December 31, 2023, the Company had 1,783 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The Company also offers market research, consulting and advisory services to our clients. Marcus & Millichap closed 7,546 transactions in 2023, with a sales volume of approximately $43.6 billion.
