Press Releases
Marcus & Millichap Announces Sale of 100-Unit Property in Arlington Heights, Illinois
February 25, 2025
ARLINGTON HEIGHTS, Ill., Feb. 25, 2025 – 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 Dryden Apartments, a 100-unit property located in Arlington Heights, Illinois.
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 and procured the buyer, both private investors.
Dryden Apartments sit on 1.72 acres at 1-21 North Dryden Place. Built in 1960, the 70,681-square-foot property includes 48 one-bedroom and 48 two-bedroom units, along with four office units. It is one mile from downtown Arlington Heights and the Metra station and approximately 27 miles northwest of the Loop, with convenient access to Interstate 290. The property is in a desirable school district, Township High School District 214, and is near Windsor Elementary School. The median household income within one mile is $109,507.
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 and procured the buyer, both private investors.
Dryden Apartments sit on 1.72 acres at 1-21 North Dryden Place. Built in 1960, the 70,681-square-foot property includes 48 one-bedroom and 48 two-bedroom units, along with four office units. It is one mile from downtown Arlington Heights and the Metra station and approximately 27 miles northwest of the Loop, with convenient access to Interstate 290. The property is in a desirable school district, Township High School District 214, and is near Windsor Elementary School. The median household income within one mile is $109,507.
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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, 2024, the company had 1,712 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 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion. For additional information, please visit www.MarcusMillichap.com.
