Press Releases
Marcus & Millichap Arranges the Sale of a 30-Unit Apartment Building in Alsip, Illinois
November 17, 2023
ALSIP, Illinois, November 17, 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 a 30-unit apartment property located in Alsip, 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, Andrean Angelov, Senior Vice President, and Zack Mahoney, 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. The buyer, a private investor, was secured and represented by Engle and Angelov.
The 30-unit multifamily building is located at 3700 West 119th Street in Alsip, Illinois. The property has convenient access to Interstate 294, Interstate 57 and Route 50 and is walking distance to a PACE bus stop. The area is surrounded by numerous local and national retail and dining outlets. Originally built in 1968, the property features a desirable unit mix of mostly two-bedroom units. The property has ample off-street parking, designated tenant storage, an on-site laundry facility and balconies or patios for each unit.
Ryan D. Engle, Senior Managing Director, Andrean Angelov, Senior Vice President, and Zack Mahoney, 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. The buyer, a private investor, was secured and represented by Engle and Angelov.
The 30-unit multifamily building is located at 3700 West 119th Street in Alsip, Illinois. The property has convenient access to Interstate 294, Interstate 57 and Route 50 and is walking distance to a PACE bus stop. The area is surrounded by numerous local and national retail and dining outlets. Originally built in 1968, the property features a desirable unit mix of mostly two-bedroom units. The property has ample off-street parking, designated tenant storage, an on-site laundry facility and balconies or patios for each unit.
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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.
