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.
