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
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