Marcus & Millichap Inc.
06/03/2026 | Press release | Distributed by Public on 06/03/2026 17:02
Marcus & Millichap Facilitates Sale of 160-Unit Multifamily Property in Kenosha, Wisconsin
Press Releases
Marcus & Millichap Facilitates Sale of 160-Unit Multifamily Property in Kenosha, Wisconsin
June 03, 2026
LinkedIn Email App
KENOSHA, Wis., June 3, 2026 - Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Orchard Courts Apartments, a 160-unit multifamily property in Kenosha, Wisconsin.
"Orchard Courts Apartments attracted strong investor interest due to its combination of stable operations, recent capital improvements and future development potential," said Jake Lenti, associate director investments. "The property includes approximately 20 acres of developable land adjacent to the University of Wisconsin-Parkside and is positioned in a market benefiting from major employment growth driven by companies such as Eli Lilly, Microsoft and Uline. With job growth continuing to outpace housing supply in Kenosha, the new owner is well positioned to capitalize on strong multifamily fundamentals, low vacancy and continued rent growth."
Lenti, Ryan D. Engle and Andrean Angelov, investment specialists in Marcus & Millichap's Chicago Oak Brook office, had the exclusive listing to market the property on behalf of the seller and procured the buyer, both private investors.
Orchard Courts Apartments, located at 985 Wood Road, is a 160-unit community situated on 34.2 acres, approximately 20 acres of which are available for potential future development. Positioned adjacent to the University of Wisconsin-Parkside, the property offers a mix of 48 studio, 72 one-bedroom and 40 two-bedroom units totaling 91,144 rentable square feet. Built in 1965 and 1967, the well-maintained community reflects more than $1.1 million in capital improvements completed over the past 24 months, including upgrades to boilers, windows, sliding glass doors and roofs. The asset is six miles from downtown Kenosha, providing access to dining, shopping, the Kenosha Metra Station and Simmons Island Beach.
"Orchard Courts Apartments attracted strong investor interest due to its combination of stable operations, recent capital improvements and future development potential," said Jake Lenti, associate director investments. "The property includes approximately 20 acres of developable land adjacent to the University of Wisconsin-Parkside and is positioned in a market benefiting from major employment growth driven by companies such as Eli Lilly, Microsoft and Uline. With job growth continuing to outpace housing supply in Kenosha, the new owner is well positioned to capitalize on strong multifamily fundamentals, low vacancy and continued rent growth."
Lenti, Ryan D. Engle and Andrean Angelov, investment specialists in Marcus & Millichap's Chicago Oak Brook office, had the exclusive listing to market the property on behalf of the seller and procured the buyer, both private investors.
Orchard Courts Apartments, located at 985 Wood Road, is a 160-unit community situated on 34.2 acres, approximately 20 acres of which are available for potential future development. Positioned adjacent to the University of Wisconsin-Parkside, the property offers a mix of 48 studio, 72 one-bedroom and 40 two-bedroom units totaling 91,144 rentable square feet. Built in 1965 and 1967, the well-maintained community reflects more than $1.1 million in capital improvements completed over the past 24 months, including upgrades to boilers, windows, sliding glass doors and roofs. The asset is six miles from downtown Kenosha, providing access to dining, shopping, the Kenosha Metra Station and Simmons Island Beach.
# # #
About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2025, the company had 1,808 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit https://www.MarcusMillichap.com.
Marcus & Millichap Inc. published this content on June 03, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on June 03, 2026 at 23:03 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]