Marcus & Millichap Sells 24-Unit Aurora Property For $1.65M

The property involved in the transaction is a 24-unit apartment located at 1601-1603 Reckinger Road, Aurora, Illinois. The asset was sold for $1,650,000 and comprises two adjacent 12-unit buildings. The unit mix includes two-bedroom/one-bathroom units, two-bedroom/one-bathroom with dining room units, and one-bedroom/one-bathroom units. Tenants are responsible for paying heat, and the property features central air conditioning and electric hot water, with some units having in-unit laundry facilities.

Summary of transaction details:

• Property Type: Single Family
• Transaction Amount: $1,650,000.00
• Address: 1601 Reckinger Rd, Aurora, IL, 60505
• Market: Aurora

Randolph Taylor from EXP Realty served as the buyer's representative in the deal facilitated by Marcus & Millichap. He exclusively marketed the property for the local seller and also represented the 1031 exchange buyer. The transaction was overseen by Steven D. Weinstock, the regional manager of Marcus & Millichap's Chicago Oak Brook office.