Mundelein apartment complex sells for $1.98 million

MUNDELEIN - Marcus & Millichap said it has sold of McKinley Gardens, a 26-unit apartment property at 520 McKinley Ave. in Mundelein, for $1.98 million. The unit mix is comprised of 11 one-bedroom/one-bathroom units and 15 two-bedroom/one-bathroom units. The property features ample off-street parking and an on-site laundry facility. The location provides convenient access to Route 176 and Interstate 94. The property is surrounded by a strong concentration of local retail stores and restaurants. First Vice President Investments Andrean Angelov, Senior Vice President Investments Ryan D. Engle and Associate Timothy B. Stephenson Jr., in Marcus & Millichap's Chicago Oak Brook office, exclusively marketed the property on behalf of the seller, a private investor, as well as represented the buyer, a limited liability company.