Press Releases
Marcus & Millichap Arranges the Sale of 59 Condominium Units in Waukegan, Illinois
February 29, 2024
WAUKEGAN, Illinois, February 29, 2024 – 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 59 condominium units from Onan Senior Suites, a building that consists of a total of 96 condominium units, located in Waukegan, 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 Jake Lenti, 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.
Onan Senior Suites is located at 3305 Sunset Avenue in Waukegan, Illinois. The property has convenient access to Route 131 and Route 41 and is five miles from the Waukegan Metra station. The property is in a desirable location within the Waukegan submarket. Originally built in 1997, the property is comprised of 59 one-bedroom and two-bedroom units out of a total of 96 condominium units. Residents have access to a variety of amenities, including a lobby with a pool table and a grand piano, an indoor swimming pool, a fitness room, a library, a 1950s inspired entertainment room, and an outdoor patio area. Additional amenities include an elevator, storage spaces for tenant use, and an on-site laundry facility. The property features many parking options including underground heated parking, detached garage parking, and off-street parking.
Ryan D. Engle, Senior Managing Director, Andrean Angelov, Senior Vice President, and Jake Lenti, 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.
Onan Senior Suites is located at 3305 Sunset Avenue in Waukegan, Illinois. The property has convenient access to Route 131 and Route 41 and is five miles from the Waukegan Metra station. The property is in a desirable location within the Waukegan submarket. Originally built in 1997, the property is comprised of 59 one-bedroom and two-bedroom units out of a total of 96 condominium units. Residents have access to a variety of amenities, including a lobby with a pool table and a grand piano, an indoor swimming pool, a fitness room, a library, a 1950s inspired entertainment room, and an outdoor patio area. Additional amenities include an elevator, storage spaces for tenant use, and an on-site laundry facility. The property features many parking options including underground heated parking, detached garage parking, and 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.
