Marcus & Millichap Real Estate Investment Services has announced the sale of 2149 West Division Street, a 5,259 Square-Foot Mixed-Use property located in Chicago. The asset commanded a sale price of $884,750.
Kyle Stengle and Nicholas Kanich, investment specialists in Marcus & Millichap’s Chicago Downtown office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. The buyer, a limited liability company, was secured and represented by Nicholas Kanich and Kyle Stengle, investment specialists in Marcus & Millichap’s Chicago Downtown office.
The building is located at 2149 West Division Street. The property has five residential units, one retail tenant and three parking spaces in the rear. The retail tenant’s lease runs until 2012 and an option to extend in 2018. All cleaning is performed off-site. There are three two bedroom one bathroom units in the rear and two three bedroom one bathroom units in the front. Each unit has individual HVAC and hot water heaters in the unit.
