Marcus & Millichap 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 $1,112,500.
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 limited liability company. The financing was secured by a Marcus & Millichap Capital Corporation’s agent Tom Attak.
The property is located at 4701 North Bernard Avenue in Chicago, IL, and is near the CTA Brown Line as well as the Eden’s expressway (Interstate 94). This beautifully-built brick building sits on a hard corner location. Two parking spaces are available for use in the rear of the property. There are reliable coin-operated laundry machines in the basement area. The units are condo quality, gut rehabbed with stainless steel appliances. Each unit uses individual HVAC. The open floors plans are spacious and attractive.