NEWS
Inland Real Estate Commercial Brokerage, Inc. Facilitates Two Residential Investment Sales in Suburban Illinois
Oak Brook, Ill. – Inland Real Estate Commercial Brokerage, Inc. (“Inland Commercial Brokerage”) announced the closing of two residential investment transactions in Naperville and McHenry. Both sites are centrally located within their communities and offer convenient access to shopping, dining, transportation and healthcare.
Eric Spiess, senior vice president of Inland Real Estate Commercial Brokerage, facilitated the sale of a multifamily property at 227 North Brainard in Naperville, Illinois. The freestanding, six-unit building is located in the heart of Naperville, near North Central College and steps from the Metra Station. Driven by location and rental demand, the property received multiple offers and went under contract above list price after two days on the market. The cash sale closed in two weeks to a private investor seeking an immediate income-generating asset with a value-add component.
The property consists of five two-bedroom units and one studio, an on-site laundry facility and an adjacent parking lot. “This was a highly sought-after opportunity for a hands-on investor, especially in this area where there is huge demand and low inventory. It’s within walking distance of 70 restaurants and 100 retailers, offers convenient highway access and is a 30-minute drive to both O’Hare and Midway International Airports,” commented Spiess.
Paul Montes, senior vice president of Inland Real Estate Commercial Brokerage, negotiated the sale of a 60-acre multi-generational, family owned property located along Route 31 at Blake Road in McHenry, Illinois. A prominent private developer purchased the land with plans to re-zone and convert the income-producing agricultural site to a residential development.
“The property is minutes from a number of casual restaurants, retailers and pharmacies, such as Woodman’s, Meijer, Dick’s Sporting Goods, Home Depot, Aldi, Jewel-Osco, Walgreen’s and Northwestern Medicine Immediate Care. It’s also near recreational areas like the popular Chain O’Lakes State Park, Moraine Hills State Park, Golden Age Cinema and a number of local golf courses and country clubs,” said Montes.