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Patrick Suffield Of Marcus & Millichap Represents Seller In $2.68M Sale Of Briar Gardens Apartments

Property Image
SOLD
$2,675,000

Illinois

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MultiFamily
Sold 03/18/2026
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Property Image
SOLD

Patrick Suffield Of Marcus & Millichap Represents Seller In $2.68M Sale Of Briar Gardens Apartments

7572 Cherryvale North Boulevard

See Similar Deals
MultiFamily
Sold 03/18/2026
the dealplayerscompscontact
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Summary

ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale

The property involved in this transaction is a multifamily asset located at 7572 Cherryvale North Boulevard in the Cherry Valley market. It consists of 24 units, built in 1975, with a total area of 8,800 square feet and sits on a 1.5-acre lot. The sale price of the property was $2,675,000, translating to a price per unit of $111,458.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,675,000
  • Units: 24
  • Price Per Unit: $111,458
  • Address: 7572 Cherryvale North Boulevard
  • Market: Cherry Valley
  • Acres: 1.5
  • Broker: Patrick Suffield - Marcus & Millichap

Patrick Suffield of Marcus & Millichap represented the local seller in this transaction and sourced the regional buyer. The property is located near CherryVale Mall and various retailers, including Menards, Walgreens, and Starbucks.

Players

Patrick Suffield
Marcus & Millichap
Patrick Suffield
3 deals$12.1M volume
BROKER

Details

SOLD
IMAGE: Patrick Suffield DATE: 03/18/2026 ADDRESS: 7572 Cherryvale North Boulevard MARKET: Cherry Valley ASSET TYPE: Multifamily ~ ACRES: 1.5 BROKER: Patrick Suffield - Marcus & Millichap (@MarcusMillichapInc) SALE PRICE: $2,675,000 UNITS: 24 ~ PPU: $111,458 NOTE: Marcus & Millichap brokered the $2.68M ($111,458/unit) sale of Briar Gardens Apartments, a 24-unit multifamily property in Cherry Valley, with Patrick Suffield representing the local seller and sourcing the regional buyer. Built in 1975 on 1.5 acres, the 8,800-sf property includes one- and two-bedroom units and sits near CherryVale Mall and retailers including Menards, Walgreens and Starbucks.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

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