Marcus & Millichap brokered the sale of 1503 North Wieland Street, an eight-unit multifamily property in Chicago’s Old Town neighborhood. The property sold for $2.5 million.
Kyle Stengle, investment specialist in Marcus & Millichap’s Chicago Downtown office, had the exclusive listing to market the property on behalf of the seller,1503 North Weiland Street (Chicago) LLC, and procured the buyer, Sedgwick Properties LLC.
Built in 1899, the property features five one-bedroom units and three two-bedroom units across 5,310 square feet. It is steps from Wells Street and North Avenue, benefitting from immediate access to active retail and dining corridors.
