Marcus & Millichap brokers sale of 220-unit multifamily property in Chicago market

Marcus & Millichap brokers sale of 220-unit multifamily property in Chicago market

Marcus & Millichap facilitated the sale of Fox Run Apartments, a 220-unit multifamily asset in St. Charles, Illinois. Ryan 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.