Marcus & Millichap Brokers $11.1M Sale of Apartment Property in Suburban Chicago

by Kristin Harlow

ALSIP, ILL. — Marcus & Millichap has brokered the sale of Orchard Estates in Alsip, a southern suburb of Chicago, for $11.1 million. The 156-unit apartment property is located at 4600 W. 122nd St. Built in 1973, the property comprises six three-story buildings on a 6.2-acre lot. The 72 one-bedroom units and 84 two-bedroom units were 96 percent occupied at the time of sale. Ryan Engle of Marcus & Millichap represented the seller and procured the buyer. Both were undisclosed.

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