LIBERTYVILLE, IL – From Marcus & Millichap: Marcus & Millichap (NYSE: MMI), a arch bartering absolute acreage advance casework close with offices throughout the United States and Canada, today appear the auction of Cook Apartments, an 86-unit accommodation architecture in Libertyville, Ill., a arctic suburb of Chicago about 40 afar from downtown. The auction amount of $11.25 actor equates to $130,814 per unit.
Working out of Marcus & Millichap’s Chicago Oak Brook office, Andrean Angelov, aboriginal carnality admiral of investments and Ryan D. Engle, chief carnality admiral of investments, represented the seller, a bound accountability company. Scott D. Harris, chief managing administrator of investments, represented the buyer, additionally a bound accountability company.
“The apple of Libertyville is seeing an arrival of renters and able investment, which includes affairs for a new Metra base and the awakening of the above Motorola Mobility campus on U.S. 45,” said Engle. “This sale, with a closing amount college than the account price, shows the appeal for high-quality multifamily barrio in burghal Chicago, decidedly in near-transit locations that action both walkability and acceptable admission to the city.”
Located at 201 E. Cook Ave., the five-story Cook Apartments circuitous was congenital in 1972 and sits on lot of about 2 acres. Comprising a mix of studios, one- and two-bedroom apartments, the association was absolutely busy at the time of sale.
The acreage is amid beneath than a bisected mile from the Metra base and burghal Libertyville, area arcade and dining options band Milwaukee Avenue. The Tri-State Tollway, alms admission south to Chicago and arctic against Wisconsin, is a little added than 2 afar away.
Independence Grove Forest Preserve, Butler Lake Park and Adler Memorial Park are all aural walking ambit and accommodate trails for biking. In addition, the acreage is in adjacency to several lakes and waterways.
About Marcus & Millichap (NYSE: MMI)
With over 1,700 advance sales and costs professionals amid throughout the United States and Canada, Marcus & Millichap is a arch specialist in bartering absolute acreage advance sales, financing, analysis and advising services. Founded in 1971, the close bankrupt about 9,000 affairs in 2016 with a amount of about $42.3 billion. The aggregation has able a able arrangement for business backdrop that combines advance specialization, bounded bazaar expertise, the industry’s best absolute research, advanced technology, and relationships with the better basin of able investors. To apprentice more, amuse visit: www.MarcusMillichap.com
Photo address of Marcus & Millichap
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