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Marcus & Millichap completes sale of 220-unit multifamily asset
The St. Charles, Illinois property, Fox Run Apartments, was built in 1973 on 7.5 acres and was marketed through Marcus & Millichap with a private investor selling to a private investor.
Marcus & Millichap has completed the sale of a 220-unit multifamily property in St. Charles, Illinois, according to ConnectCRE.
The asset, Fox Run Apartments, is described as a fully renovated community in a high-demand submarket, with loft-style apartments that include updated kitchens and stainless-steel appliances.
ConnectCRE said 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.
Fox Run Apartments is located at 115 Walnut Drive, built in 1973 on 7.5 acres, with access near Illinois Route 38 and Route 64 and a short drive from the Geneva Metra commuter rail station.