Marcus & Millichap Brokers Sell Multifamily Property In Loves Park & Rockford, IL For $8.3M

Located in Loves Park and Rockford, IL, this multifamily property at 5817 N 2nd St & 215 N 4th St has recently been sold. The transaction, which took place on July 29, 2021, was facilitated by brokers Eric Wagner & James Ziegler from Marcus & Millichap. The property consists of 111 units, commanding a sale price of $8,275,000. This translates to an average price per unit of $74,550.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $8,275,000
• Units: 111
• Price Per Unit: $74,550
• Market: Loves Park & Rockford, IL

Eric Wagner and James Ziegler, representing Marcus & Millichap, successfully brokered the deal for this multifamily property.