Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Dryden Apartments, a 100-unit mixed-use apartment and office property located in Arlington Heights, Illinois.
Ryan D. Engle, senior managing director, and Andrean Angelov, senior vice president, investment specialists in Marcus & Millichap’s Chicago Oak Brook office, had the exclusive listing to market the property on behalf of the seller and procured the buyer, both
private investors. The sale price was not disclosed.
Dryden Apartments sits on 1.72 acres at 1-21 North Dryden Place. Built in 1960, the vintage 70,681-square-foot property includes 48 one-bedroom and 48 two-bedroom units, along with four office units.
Dryden Apartments are located one mile from downtown Arlington Heights and the Metra station and approximately 27 miles northwest of the Loop, with convenient access to Interstate 290. The property is in a desirable school district, Township High School District 214, and is near Windsor Elementary School. The median household income within one mile is $109,507.
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.
