Press Releases
Marcus & Millichap Arranges the Sale of a 12-Unit Apartment Building in Aurora, Illinois
November 06, 2023
AURORA, Illinois, November 6, 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 12-unit apartment property located in Aurora, 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, 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.
This 12-unit multifamily building is located at 545-547 Ashland Avenue in Aurora, Illinois. The property has convenient access to Interstate 88, Route 30, and Route 25 and is two miles to the Aurora Metra Station. The area is surrounded by numerous local and national retail and dining outlets. Originally built in 1972, the all-electric building features all one-bedroom units, balconies for each unit, and ample off-street parking.
Ryan D. Engle, Senior Managing Director, and Andrean Angelov, Senior Vice President, 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.
This 12-unit multifamily building is located at 545-547 Ashland Avenue in Aurora, Illinois. The property has convenient access to Interstate 88, Route 30, and Route 25 and is two miles to the Aurora Metra Station. The area is surrounded by numerous local and national retail and dining outlets. Originally built in 1972, the all-electric building features all one-bedroom units, balconies for each unit, and ample off-street parking.
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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.
