PRESS ROOMNEWS RELEASE
Inland Real Estate Commercial Brokerage, Inc. Completes $2.15M Sale of a Multifamily Property in Lombard, IllinoisJanuary 28, 2019
Oak Brook, Ill. – Inland Real Estate Commercial Brokerage, Inc. (“Inland Commercial Brokerage”) announced today the sale and closing of a 28-unit apartment complex located in Lombard, Illinois, a western suburb of Chicago, for $2.15 million. Senior Vice Presidents of Inland Commercial Brokerage Paul Montes and Eric Spiess facilitated the transaction on behalf of the seller.
Located at 1024 East Division Street in Lombard, the residential property consists of seven buildings with seven one-bedroom units and 21 two-bedroom units, all with one bathroom. The property is located in close proximity to a variety of schools, shopping, restaurants, transportation, Westmore Woods Forest Preserve and is in a single-family neighborhood.
"We were pleased to successfully facilitate this transaction of a well-located, central DuPage County multifamily property located near desirable schools, outdoor recreation and entertainment options," said Spiess. "Due to its location in a strong rental market and its tenant-paid, separately metered electric, the property has significant upside potential and attracted the attention of many investors."
Inland Commercial Brokerage is a boutique brokerage firm providing sales, acquisition and exchange services to private, public and institutional owners and managers of commercial investment real estate.
About Inland Real Estate Commercial Brokerage, Inc.
Inland Real Estate Commercial Brokerage, Inc. is a boutique brokerage firm providing real estate solutions for sales and exchanges for private, public and institutional owners/managers of commercial investment real estate. Throughout Inland’s history, its brokerage entities have closed on more than $1.3 billion including 8,700 multifamily apartments and 140 million square feet of commercial real estate. For more information, please visit www.inlandbrokerage.com.