Press Releases
Marcus & Millichap Arranges Sale of 47-Unit Apartment Property in Northlake, Illinois
February 25, 2025
NORTHLAKE, 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 a 47-unit apartment property located at 27, 36 and 43 King Arthur Court in Northlake, 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 and procured the buyer, both private investors.
Built in 1969, the property offers a mix of one- and two-bedroom units, including spacious duplexes with dens, totaling 32,950 rentable square feet across three buildings. The asset has an outdoor swimming pool and ample off-street parking. The property is near Interstate 294 and Route 45, four miles from the Mannheim Metra station, and close to retailers such as Walmart, Sam’s Club and Home Depot, along with dining options including Subway and Panda Express.
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 and procured the buyer, both private investors.
Built in 1969, the property offers a mix of one- and two-bedroom units, including spacious duplexes with dens, totaling 32,950 rentable square feet across three buildings. The asset has an outdoor swimming pool and ample off-street parking. The property is near Interstate 294 and Route 45, four miles from the Mannheim Metra station, and close to retailers such as Walmart, Sam’s Club and Home Depot, along with dining options including Subway and Panda Express.
# # #
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.
