Marcus & Millichap announced the sale of an 18-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 $6,300,000.
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, JAB Real Estate. The buyer, a limited liability company who was in a 1031 exchange, was also secured and represented by Kyle Stengle.
The property is located at 2730 North Ashland Avenue in Chicago, IL. The property is easily accessible to Lake Shore Drive, the Kennedy expressway, and public transportation.
