Rafee Hammad Acquires Multifamily Property In River Grove For $790K

An oversized six-unit apartment building located at 8221 Enger Lane in River Grove, IL has been sold. The property features six units with a unit mix consisting of five two-bedroom, one-bathroom units and one one-bedroom, one-bathroom unit. Additional amenities include an owner's work room, a change machine, an on-site laundry facility, a storage shed, and six parking spaces. Recent capital improvements include new windows throughout, a tear-off roof, exterior doors, and a repaved parking lot. The sale price for this multifamily asset was $790,000, resulting in a price per unit of $131,666.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $790,000
• Square Footage: 6,614
• Price Per Square Foot: $119
• Address: 8221 Enger Ln, River Grove, IL
• Market: River Grove

The buyer of the property was Rafee Hammad, while the seller was Dorsey LLC. The transaction was facilitated by brokers Christopher Malay and Eric Bell from Marcus & Millichap. The sale was completed in an all-cash deal.

This transaction marks the second highest price per unit sale in the history of River Grove. Marcus & Millichap is pleased to announce the successful sale of this unique and well-maintained multifamily property.