Marcus & Millichap successfully closed the sale of an 18-unit apartment building portfolio located in Chicago Heights, IL for $1,265,000. Eric Bell and Jordan Callaway from Marcus & Millichap’s Chicago Oak Brook office marketed the property on behalf of a Chicagoland-based private investor. The portfolio includes three properties that are fully occupied: 62-64 W. 15th St., 148 W. 14th St., both in Chicago Heights; as well as 3020 and 3022 Jackson Ave., South Chicago Heights – all featuring large units with six garage spaces and tenant paid utilities.

Stronger US Economy, Not Inflation, Drives 10-Year Treasury Yield Surge and CRE Outlook
The sharp rise in the 10-year U.S. Treasury yield since August is being driven more by economic strength than by

