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Midlothian Apartment Portfolio Changes Ownership

Midlothian Apartment Portfolio Changes Ownership

The Karlov & Keystone Portfolio, a 23-unit apartment portfolio located in Midlothian, Illinois, has been successfully sold by Marcus & Millichap. The sale was facilitated by senior managing director Ryan D. Engle and senior vice president Andrean Angelov, along with investment specialists Sam Antreasian and Zack Mahoney from the Chicago Oak Brook office.

A private investor acquired the properties at 14601 & 14607 Karlov Avenue and 14608 & 14636 Keystone Avenue through representation from Engle, Angelov, and Antreasian.

Conveniently situated near Interstate 294 and Route57,the Karlov&Keystone Portfolio offers easy access to transportation options such as the Midlothian Metra Stationand PACE bus stops. Additionally,it is within walking distance of various retail outletsand dining establishments.The majority of units in this portfolio were built in the1960s,and consist mainly of two-bedroom apartments.

Don’t miss out on Connect Midwest: Multifamily,Affordable Student,& Senior Housing Trends on June4th2024atthe W-Chicago City Center Hotelin Chicago,Illinois.This event will feature a Lifetime Achievement Award Presentationand Keynote Interview with G.Joseph Cosenza,Vice Chairmanof The Inland Real Estate Group LLC,and PresidentofInland Real Estate Acquisitions LLC.Register todayto connectwith industry peers! This article originally appeared on ConnectCRE.com

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