Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of 1213 North 34th Avenue, a 29-unit apartment property located in Melrose Park, 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,
a private investor, and procured the buyer, also a private investor.
The property at 1213 North 34th Avenue includes a mix of studio, one- and two-bedroom units averaging 600 square feet and spanning a total of 18,800 rentable square feet. Amenities include updated tile in the kitchen and bathroom, counter tops and cabinets in the kitchen, and laminate wood floors. Laundry facilities are available on site and utilities plus one assigned parking space are included with rent.
The property is located 1.5 miles from the Melrose Park Metra Station and eight miles from O’Hare International Airport. West Cook is a multicultural neighborhood south of O’Hare International Airport. Golfers in the community enjoy its numerous golf greens, including Oak Park Country Club and Edgewood Valley Country Club. Public transit abounds in West Cook, attracting renters who wish to live outside the cities in which they work. Residents appreciate the shopping opportunities at Fashion Outlets of Chicago and North Riverside Park Mall.
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.
