A Turning Point or Shifting Currents?
Navigating Markets and Leading Through Change



Hessam Nadji

Hessam Nadji
President & CEO
Marcus & Millichap



Doug Bibby

Doug Bibby



Tom Bisacquino

Tom Bisacquino
President & CEO



Wendy Mann

Wendy Mann
CREW Network



Tom McGee

Tom McGee
President & CEO
Cut through the headlines with forward-looking insights on adapting to a rapidly evolving world. Join us for a one-hour webcast featuring Marcus & Millichap CEO’s latest market overview followed by:

  • Real Estate in the Post-Pandemic World: Cyclical Recovery vs. Structural Changes
  • Current and Near-Term Asset Performance: Rents, Occupancies, Distress, and Investment Strategy
  • Leadership: The Human and Psychological Sides of the Health and Economic Crises
  • Elections, Public Policy, Stimulus: What to Expect and the Path for Coming Together
Thursday, October 15, 2020
1:00 p.m. Pacific/4:00 p.m. Eastern


call for offers Due: Wednesday 10/7/2020




Victorian Apartments

800-834 Victoria Dr. Montgomery, IL 60538

Listing Price: $14,500,000

Cap Rate 6.38%
Number of Units 152
GRM 8.30
Occupancy 96%
Price/Unit $95395
Price/Gross SF $135.14
Gross SF 107200

View Listing Documents

Investment Highlights

  • 152 Unit Suburban Multifamily Property
  • 32 Studios, 72 One-Bedrooms & 48 Two-Bedrooms
  • Clubhouse with Office, Laundry Facilities, Fitness Area, Outdoor Pool, and Courtyard
  • Located in Montgomery Illinois | 40 Miles Southwest of Downtown Chicago
  • Many Upgraded Kitchens and Baths
  • Tenant Paid Electric Baseboard Heat
  • Value-add component, upside in rents

Map Overview

Investment Overview

Marcus & Millichap is proud to present to market Victorian Apartments, a 152-unit apartment community located in west suburban Montgomery, Illinois bordering Kendall County to the South, the fastest growing county in Illinois, and the City of Aurora, IL to the East, the second-largest city in Illinois. The subject property is approximately 40 miles southwest of downtown Chicago.

Victorian Apartments consists of 16 two and three-story apartment buildings and clubhouse spread out over almost 10 acres; offering 32 large studios, 72 one-bedrooms, and 48 two-bedroom apartment homes.​​​ Community amenities include a clubhouse, an on-site management office, laundry facilities, a fitness area, an outdoor pool, a central courtyard area with a playground, and ample off-street parking.​​​

Each unit has separately metered, tenant paid, low maintenance, electric baseboard heating, and ac sleeve units.​​​ Approximately 60 percent of units have recently updated kitchens & baths as well as other capital improvement made including new windows, parking lot repairs, replacement of all deck footings & supports an updated intercom system with integrated Alexa. Roofs are in good condition approximately 10-12 years old.

There is investor upside in this multifamily offering through the continued renewal and releasing of under-market rents. Further upside may also be realized in future years from job growth and economic development in the area through the redevelopment of the recently sold 350-acre former Caterpillar manufacturing complex minutes from the property.


The new normal may simply be business as (un)usual, but amid the changes and uncertainty, some things remain the same: Marcus & Millichap is executing transactions, solving problems, and finding opportunities for our clients. And even now, during this market disruption, our second-quarter results reflect the power of our platform to create value and real estate wealth for our clients now and into the future.




Even though the global health crisis has affected different markets in different ways, our core principles have continued to help our clients close transactions and achieve their investment goals as they have for nearly 50 years. 


Specialized market knowledge gives our investment specialists unmatched insights and expertise to produce exceptional results for our clients.


With the largest inventory of exclusive listings, we match buyers with opportunities, listings with qualified investors.


The industry’s largest sales force works together to identify new sources of capital and move it seamlessly across geographies and property types.


Our comprehensive suite of tools helps with everything from research to marketing to financing. It’s everything you need, every step of the way.


Marcus & Millichap Clients aren’t bound by Geographic Boundaries. 

Our interconnected team, large proprietary platform, and national network allows us to effortlessly move capital around the country. 

Real Estate Investment Sales |  Financing  |  Research  |  Advisory Services



As of trailing 12 months through 2Q 2020 Sources: Marcus & Millichap Research Services, Mnet

(click to play video below)

Low Rates Create Favorable Real Estate Investment Climate