Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of a 47-unit apartment property located on King Arthur Court in Northlake, Illinois.
Ryan D. Engle, senior managing director, Andrean Angelov, senior vice president, and Sam 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 and procured the buyer, both private investors.
Built in 1969, the King Arthur Court property offers a mix of one- and two-bedroom units, including spacious duplexes with dens, totaling 32,950 rentable square feet across three buildings. The asset has an outdoor swimming pool and ample off-street parking.
The property is near Interstate 294 and Route 45, four miles from the Mannheim Metra station, and close to retailers such as Walmart, Sam’s Club and Home Depot, along with dining options including Subway and Panda Express.
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.
