Marcus & Millichap brokered the sale of 440-448 N. State St., an 18,170-square-foot mixed-use property in Chicago.
Ryan Engle, Kyle Stengle and Andrean Angelov, all senior managing directors and investment specialists in Marcus & Millichap’s Chicago Oak Brook and Chicago Downtown offices, exclusively marketed the property on behalf of the seller and procured the buyer. Both parties are private investors.
This mixed-use site in Chicago’s River North neighborhood was built in 1894 and includes 11 residential units and three retail spaces. The residential component comprises two studios and nine two-bedroom, one-and-a-half-bath units. The building includes a basement for storage and an on-site laundry facility. The property is a well-maintained asset in a high-visibility location one block from the Grand Red Line station and is close to the Magnificent Mile, Navy Pier and Lake Michigan.
