Press Releases
Marcus & Millichap Arranges the Sale of a 24-Unit Apartment Building in Tinley Park, Illinois
November 10, 2023
TINLEY PARK, Illinois, November 10, 2023– Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of 16627 & 16639 Jean Lane, a 24-unit apartment property located in Tinley Park, Illinois, according to Steven D. Weinstock, Regional Manager and Senior Vice President of the firm’s Chicago Oak Brook office.
Ryan D. Engle, Senior Managing Director, and Andrean Angelov, Senior Vice President, investment specialists in Marcus & Millichap’s Chicago Oak Brook office, represented the seller and the buyer, both private investors.
The property is located at 16627 & 16639 Jean Lane in Tinley Park, Illinois. The property has convenient access to Route 43 and Route 6 and is one-and-one-half miles to Tinley Park Metra Station. The area is surrounded by numerous local and national retail and dining outlets. Originally built in 1971, the building features ample off-street parking and an on-site laundry facility.
Ryan D. Engle, Senior Managing Director, and Andrean Angelov, Senior Vice President, investment specialists in Marcus & Millichap’s Chicago Oak Brook office, represented the seller and the buyer, both private investors.
The property is located at 16627 & 16639 Jean Lane in Tinley Park, Illinois. The property has convenient access to Route 43 and Route 6 and is one-and-one-half miles to Tinley Park Metra Station. The area is surrounded by numerous local and national retail and dining outlets. Originally built in 1971, the building features ample off-street parking and an on-site laundry facility.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. 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 clients. Marcus & Millichap closed 7,546 transactions in 2023, with a sales volume of approximately $43.6 billion. For additional information, please visit www.MarcusMillichap.com.
