PRESS ROOMNEWS RELEASE
Inland Real Estate Commercial Brokerage, Inc. Facilitates the Sale of a Multifamily Asset in Schiller Park, IllinoisNovember 24, 2021
Oak Brook, Ill. – Inland Real Estate Commercial Brokerage, Inc. (“Inland Commercial Brokerage”) announced the sale of a multifamily building in Schiller Park, Illinois.
Paul Montes and Eric Spiess, senior vice presidents of Inland Commercial Brokerage, facilitated the sale of 3745 Ruby Street. The three-story stand-alone, 12-unit multifamily building was built in 1963 and consists of six one-bedroom one-bath units, six two-bedroom one-bathroom units and 13 surface parking spaces with on-site operator-owned laundry facilities. All units have a private patio or a balcony.
Area amenities include easy access to Interstate 294 and 94 and the Village Metra Rail Commuter station, with close proximity to O’Hare International Airport. Additional nearby features include an ice arena, water park, golf course, hiking woods, Rivers Casino, the Chicago Dogs baseball team, an array of restaurants and Fashion Outlets of Chicago.
“This Chicagoland multifamily asset is ideally located for the suburbanite being a mere 17 miles from downtown Chicago,” commented Paul Montes. “We are pleased to have closed the sale on this stabilized asset which offered great upside potential given its below market rents and current market demand.”
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. Inland refers to The Inland Real Estate Group of Companies, Inc. which is comprised of independent legal entities, some of which may be affiliates, share some common ownership or have been sponsored and managed by such entities or subsidiaries thereof. The Inland name and logo are registered trademarks being used under license. For more information visit www.inlandgroup.com.