40-42 S. Shaddle – Mundelein
Embassy Apartments, located at 40-42 S. Shaddle Ave. in northwest suburban Mundelein, Ill., includes two identical 35-unit buildings for a total of 70 units with 137 parking spaces on a 4-acre parcel. The unit mix includes 64 two-bedroom, 1 ½ -bath apartments; four one-bedroom, one-bath units; and two studios. It sold for $4.65 million.
“Embassy Apartments is adjacent to a large industrial park that employs a lot of area residents, and it’s also three miles northwest of Hawthorn Shopping Center in Vernon Hills,” said John Meyer, managing director of Kiser Group, who represented buyer and seller in the sale. “Since it’s near so many employers, the property consistently maintains 100 percent occupancy.”