Press Releases
Marcus & Millichap Facilitates Sale of 29-Unit Multifamily Property in Melrose Park, Illinois
January 13, 2025
MELROSE PARK, Ill., Jan. 13, 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 1213 North 34th Avenue, a 29-unit apartment property located in Melrose Park, Illinois.
Ryan D. Engle, senior managing director; Andrean Angelov, senior vice president; and Sam Antreasian, senior 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, and procured the buyer, also a private investor.
The property at 1213 North 34th Avenue includes a mix of studio, one- and two-bedroom units spanning 18,800 rentable square feet. Built in 1952, the building features flexicore construction, an on-site laundry facility and ample off-street parking. It is located 1.5 miles from the Melrose Park Metra Station and eight miles from O’Hare International Airport.
Ryan D. Engle, senior managing director; Andrean Angelov, senior vice president; and Sam Antreasian, senior 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, and procured the buyer, also a private investor.
The property at 1213 North 34th Avenue includes a mix of studio, one- and two-bedroom units spanning 18,800 rentable square feet. Built in 1952, the building features flexicore construction, an on-site laundry facility and ample off-street parking. It is located 1.5 miles from the Melrose Park Metra Station and eight miles from O’Hare International Airport.
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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.
