MARCUS & MILLICHAP BROKERS THREE MIDWEST MULTIFAMILY SALES

CHICAGO AND PLANO, ILL., AND ST. CLOUD, MINN. — Marcus & Millichap has arranged the sale of three Midwest multifamily properties totaling more than $13.5 million. James Clough in the Chicago O’Hare office of Marcus & Millichap, with Jack Cassin and Bill Cassin in the Downtown Chicago office, represented both parties in the sale of an apartment community located at 6954 North Sheridan in Chicago. A north side investor has acquired the 90-unit property from a private investor for $6.85 million. The property houses 34 studios, 55 one-bedroom units and one two-bedroom unit, as well as 45 parking spaces. In Plano, James Walsh of Marcus & Millichap’s Downtown Chicago office has arranged the sale of Country Aire Apartments. The 30-unit multifamily property commanded a sales price of $1.92 million. DLT Properties has acquired the community, which houses two-bedroom units and townhouses spread across four buildings. Clough represented the buyer in the transaction. Additionally, Walsh and David Scott in the Minneapolis office of Marcus & Millichap represented both parties in the sale of an apartment building located at 182 115th Ave. in St. Cloud. The 115,200-square-foot complex houses 120 units. The sales price of the property, which is situated on an 8.41-acre site, was $4.85 million.