Marcus & Millichap facilitated the sale of 5701 W. 55th Street, a six-unit apartment property located in Chicago, according to Steven D. Weinstock, regional manager and first vice president of the firm’s Chicago Oak Brook office. The asset sold for $662,500 or 98 percent of the list price.
Christopher Malay, associate, and Eric P. Bell, senior managing director and investment specialists in Marcus & Millichap’s Chicago Oak Brook office, had the exclusive listing to market the property on behalf of the seller, a private investor. The buyer, a private California investor, was secured and represented by Malay and Bell. Located in Garfield Ridge, the property features condo-quality units, a newer roof and windows, copper plumbing and five income-producing garage spaces.