Marcus & Millichap Arranges the Sale of a Six-Unit Apartment Building in LaGrange Park, Illinois

LA GRANGE PARK, Illinois, February 24, 2023 - 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 six-unit apartment property located in La Grange Park, Illinois, according to Steven D. Weinstock, regional manager and first vice president of the firm's Chicago Oak Brook office. The asset sold for $965,000.

Eric P. Bell, executive managing director investments, and Christopher Malay, 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 Chicagoland individual. The buyer, a Chicagoland private investor, was secured and represented by Bell and Malay.

The apartment building is located at 1249 Homestead Road in a desirable La Grange, Illinois neighborhood. Built by the seller in 1976, this unique property features large unit layouts consisting of one one-bedroom unit, four two-bedroom units and a three-bedroom owner's unit. The building received recent capital improvements, select unit renovations and contains on-site laundry, large storage lockers, and eight parking spaces.

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About Marcus & Millichap (NYSE: MMI)

Marcus & Millichap, Inc. is a leading national brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services. As of December 31, 2022, the Company had 1,904 investment sales and financing professionals in 81 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 our clients. Marcus & Millichap closed 12,272 transactions in 2022, with a sales volume of approximately $86.3 billion. For additional information, please visit www.MarcusMillichap.com..