Press Releases
Marcus & Millichap Closes Suburban Chicago Multifamily Property Sale
September 04, 2026
ST. CHARLES, Ill., Sept. 4, 2026 – 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 Fox Run Apartments, a 220-unit multifamily asset in St. Charles, Illinois.
“Located in a high-demand submarket, Fox Run Apartments is a fully renovated asset well-positioned for long-term growth,” said Ryan D. Engle, senior managing director investments in Marcus & Millichap’s Chicago Oak Brook office. “Median annual household income within one mile of the property is over $104,000.” Engle and Andrean Angelov of Marcus & Millichap 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 is accessible from Illinois Route 38 and Route 64, a short drive from the Geneva Metra commuter rail station, and within walking distance of public transportation. The Downtown Chicago Loop and O’Hare International Airport are 45 and 30 miles away, respectively. Shopping, dining, and recreation are close by in Downtown St. Charles, at the Geneva Commons shopping mall, and in Harvest Hills Park.
Built in 1973 on 7.5 acres at 115 Walnut Drive, Fox Run Apartments has loft-style apartments with high ceilings, updated kitchens, stainless-steel appliances, patios or balconies, walk-in closets, and linen closets. Community amenities include a clubhouse, swimming pool, sundeck, picnic area, fitness center, and laundry facilities.
“Located in a high-demand submarket, Fox Run Apartments is a fully renovated asset well-positioned for long-term growth,” said Ryan D. Engle, senior managing director investments in Marcus & Millichap’s Chicago Oak Brook office. “Median annual household income within one mile of the property is over $104,000.” Engle and Andrean Angelov of Marcus & Millichap 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 is accessible from Illinois Route 38 and Route 64, a short drive from the Geneva Metra commuter rail station, and within walking distance of public transportation. The Downtown Chicago Loop and O’Hare International Airport are 45 and 30 miles away, respectively. Shopping, dining, and recreation are close by in Downtown St. Charles, at the Geneva Commons shopping mall, and in Harvest Hills Park.
Built in 1973 on 7.5 acres at 115 Walnut Drive, Fox Run Apartments has loft-style apartments with high ceilings, updated kitchens, stainless-steel appliances, patios or balconies, walk-in closets, and linen closets. Community amenities include a clubhouse, swimming pool, sundeck, picnic area, fitness center, and laundry facilities.
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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, 2025, the company had 1,808 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 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit www.MarcusMillichap.com.
