Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of a 7-unit apartment property located in Chicago, IL, according to John M. Przybyla, regional manager of the firm’s Chicago Downtown office. The asset sold for $1,300,000.
Kyle Stengle, an investment specialist in Marcus & Millichap’s Chicago Downtown office, had the exclusive listing to market the property on behalf of the seller, a private investor. The buyer, a limited liability company, was also secured and represented by Kyle Stengle and Joseph Bergman, also an investment specialist in Marcus & Millichap’s Chicago Downtown office.
The property is located at 2032-2034 West Eastwood Avenue in Chicago, Illinois, on the corner of Eastwood and Seeley. Six of the units are three bedroom/one bath, and one is two bedroom/one bath. The porches and water heater have recently been replaced. CTA trains, local retailers, and the thriving Lincoln Square are steps away from this prime location.