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New 240-Unit Apartment Development Near Chicago Sells for Almost $72 Million

JVM Realty’s Purchase Adds to Busy Year for Multifamily Sales
JVM Realty has paid $71.5 million for the 240-unit apartment complex at 501 S. Weber Road in Romeoville, Illinois, which it has renamed The Bluffs. (CoStar)
JVM Realty has paid $71.5 million for the 240-unit apartment complex at 501 S. Weber Road in Romeoville, Illinois, which it has renamed The Bluffs. (CoStar)
CoStar News
November 28, 2022 | 10:19 P.M.

A 240-unit apartment complex completed last year southwest of Chicago has sold for almost $72 million, adding to a busy year for multifamily property sales in the area and throughout the country.

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