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Marcus & Millichap sells 134-unit multifamily portfolio in Illinois
The five-building portfolio in Berwyn and Maywood totals 134 units, including 36 studios and 77 one-bedrooms.
Marcus & Millichap announced the sale of a 134-unit multifamily portfolio spanning five apartment buildings in Berwyn and Maywood, Illinois, according to ConnectCRE.
The unit mix includes 36 studios, 77 one-bedrooms, 20 two-bedrooms, and one office suite, reflecting a diversified residential portfolio with a small non-residential component.
ConnectCRE said the transaction highlights ongoing investor interest in western Cook County, citing suburban fundamentals and access to Chicago as key attractions for buyers. The buyer was described as a private local investor with plans for growth in the immediate market.
ConnectCRE reported that the brokerage team at Marcus & Millichap, led in part by investment specialists Sam Antreasian, Ryan D. Engle, and Andrean Angelov, procured the buyer, noting that acquiring the buildings in a single deal provides immediate scale and opportunities to unlock additional value through the portfolio’s mix.