Marcus & Millichap has completed the sale of a 39-unit apartment property located in Chicago. The asset sold for $5.04 million.
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 secured and represented by Stengle
The property is located at 2520 W. Leland in Chicago and has a unit mix of 18 one-bedroom/one-bathroom apartments, nine two-bedroom/one-bathroom apartments and 12 studios. The property underwent a gut renovation within the last 10 years. In addition, the building is near the Rockwell CTA train stop and downtown Lincoln Square.
