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22501 Butterfield Road

Marcus & Millichap Sells Carriage Creek Apartments Multifamily In Richton Park Illinois
SOLDMultiFamily

Marcus & Millichap Sells Carriage Creek Apartments Multifamily In Richton Park Illinois

22501 Butterfield Road

Building Size

190,328 SF

Asset Type

MultiFamily

Closing

Feb 10, 2026

AI

A multifamily property known as Carriage Creek Apartments, located at 22501 Butterfield Road, Richton Park, IL, has been sold. This property encompasses 226 units and spans a total area of 190,328 square feet on nearly 26 acres of land. It was constructed between 1972 and 1974 and offers a variety of living arrangements, including studio, one-, and two-bedroom units. The community is conveniently positioned within walking distance of the Richton Park Metra Station.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: Not disclosed
  • Units: 226
  • Square Footage: 190,328 SF
  • Acres: 26
  • Address: 22501 Butterfield Road, Richton Park, IL
  • Date: 02/10/2026
  • Broker: Ryan Engle & Andrean Angelov - Marcus & Millichap

The sale was facilitated by Marcus & Millichap, which represented both the private buyer and the seller in the transaction. Ryan Engle and Andrean Angelov were the brokers involved, highlighting their role in arranging the successful sale of this multifamily property.

Players

Andrean Angelov

Marcus & Millichap

Broker

$22.9M

vol

17 deals

Broker

Richton Park MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93