ST. CHARLES, IL-Private investment partnership Kinzie Assets LLC has purchased a 220-unit apartment building for $12.9 million. Fox Run Apartments, at 145 Walnut Dr., consists of 160 one-bedroom, 56 two-bedroom and four three-bedroom units, and is 98% occupied. The building is four stories in height, with only two levels inside, as the apartments are split-level.

The buyer and seller, St. Charles Apartments LLC, were represented by Rich Artman, VP and managing broker, and Heather Devermann, senior commercial specialist with Inland Real Estate Brokerage. “The seller is leaving the real estate business to focus on other activities,” Artman tells The former owner purchased the property, which was built in 1971, more than a decade ago.

“It’s an affluent area, close to the Randall Road shopping corridor and downtown St. Charles, which a lot of people think is very quaint,” Artman says. “It’s that kind of old-town community that people are flocking to right now. It’s a community that has long been sought after, and a premiere address.”

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