Revitalized small business sentiment points to sustained CRE space demand. Increasingly accommodative Fed boosting confidence and encouraging small business expansion. Business growth and elevated hiring efforts support demand for nearly every sector of real estate
Across the nation demand for apartments is now at a five-year high, a consequence of slow home sales and economic uncertainty.
Recession Risks Apartment Vacancy Risks Rent Growth Drops. How will this affect me? What are my alternatives if I sell my Multifamily property? Time to consider reallocating your portfolio to manage risk and increase yield?
#RecessionRisks #ImpactonMultifamily #AlternativeInvestments
Marcus & Millichap is proud to present for sale a fully-occupied high yielding 22-unit multifamily portfolio in the western Illinois city of Macomb, home of Western Illinois
University. Offering generous rates of return, this portfolio is composed of six separate properties in close proximity to one another consisting of nine two-bedrooms, eight
one-bedrooms, and five studios.
The sale highlights the strength of the suburban Chicago apartment market, which has lifted rents and property values over the past several years.
Marcus & Millichap has announced the sale of a 24-unit apartment property located in Aurora, Ill. Randolph Taylor, an Associate, in Marcus & Millichap’s Chicago Oak Brook office, exclusively marketed the property on behalf of the local seller and also represented the 1031 exchange buyer.