Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of The Jade Residences of Waterfall Glen, a 70-unit apartment property located in Darien, Illinois.
Ryan D. Engle, senior managing director, Kyle Stengle, senior managing director, and Andrean Angelov, senior vice president, investment specialists in Marcus & Millichap’s Chicago Oak Brook office and Chicago Downtown office, had the exclusive listing to market the property on behalf of the seller, a private investor. Engle and Angelov procured the buyer, also a private investor.
Built in 2024, The Jade Residences of Waterfall Glen building features 24 one-bedroom units and 46 two-bedroom units, with an average unit size of 977 square feet. On-site amenities include a fitness center, party room, fenced in dog park, and BBQ/picnic area.
The property offers convenient access to Interstate 55, Interstate 355 and Route 83, with the Lemont Metra station just four miles away. The property is a part of Lemont Township High School District 210 and is close to a variety of employment outlets, including Samuel Holdings LLC, Wilton Holdings Inc and UChicago Argonne. Nearby retail, dining and entertainment options include Costco, Meijer, Wendy’s and Dunkin’, while Waterfall Glen Forest Preserve provides outdoor recreation. The median household income within one mile is $121,034.
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.
