ACO Commercial Arranges Sale of 84 Units in Clarendon Hills for $10 Million

CHICAGO, ILLINOIS – Wednesday, July 26, 2017

ACO Commercial is pleased to announce the sale of the Clarendon Arms Apartments in Clarendon Hills, Illinois.  The property consists of 84 residential units in multiple walk-up style buildings located in the affluent Hinsdale Central High School district.  At the time of sale, the property was well maintained with a stabilized operating history.

The sale price represented a price per unit of approximately $125,000, and a capitalization rate of approximately 6.1% on in-place revenue.  The existing agency debt was assumed at approximately 60% loan to value.

George Toscas, Managing Broker, completed the transaction and facilitated the assumption of the existing debt on behalf of a national real estate fund based in Wheaton, Illinois.

ACO Commercial specializes in the sale of commercial and investment real estate throughout the Midwest.