Heartland Realty Investors Inc. Acquires Multifamily Asset From Marquette Companies For $45.5 Million

The property asset involved in this transaction is a multifamily building located at 1920 Chestnut Avenue in Glenview. The sale amount for this asset is $45,500,000, encompassing a total of 112 units, resulting in a price per unit of $406,250.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $45,500,000
• Units: 112
• Price Per Unit: $406,250
• Buyer: Heartland Realty Investors Inc.
• Seller: Marquette Companies
• Brokers: Alex Malzone, Parker Stewart, Dominic Martinez, and Jake Lamb - NorthMarq
• Date of Transaction: 06/10/2025

This transaction was facilitated by a team of brokers comprising Alex Malzone, Parker Stewart, Dominic Martinez, and Jake Lamb, representing the buyer and seller in the deal. Their collaboration contributed to the successful closing of this multifamily property in the Glenview market.