Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Gentry Manor, an 88-unit multifamily property in Glen Ellyn, Illinois.
Ryan D. Engle, senior managing director, and Andrean Angelov, senior managing director, 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.
Gentry Manor is located at 382 Pennsylvania Avenue in downtown Glen Ellyn, offering numerous shopping and dining options, as well as the Glen Ellyn Metra station, all within walking distance. Built in 1974, the property has 88 units, 15 studio units and 73 one-bedroom units, across 50,205 rentable square feet.
Situated 28 miles west of the downtown Chicago Loop, the property offers convenient access to Interstate 355, Route 53 and Route 38. The property is near Glenbard West High School, and is part of Glenbard Township High School District, which is ranked #24 in Illinois by U.S. News & World Report. Nearby amenities include Glen Ellyn Public Library and Duly Health Care. The median household income within one mile is $130,939.
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.
