MARCUS & MILLICHAP ARRANGES SALE OF APARTMENTS IN AURORA, ILL. FOR $14.9M

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AURORA, ILL. — Marcus & Millichap has arranged the sale of Stone Crossing Apartments, a 258-unit apartment complex in Aurora, for $14.9 million. Eric Bell and Edward Liss of Marcus & Millichap’s Chicago office represented the buyer and seller, two Chicago-area investors. Located at 1240 Nantucket Road, the 214,650-square-foot property includes 70 one-bedroom units, 170 two-bedroom units and 18 three-bedroom units. In 2008, Stone Crossing Apartments received more than $3 million in capital improvements for the facility’s windows, hallways, landscaping, electrical, plumbing and updating kitchens, baths and appliances.

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