Marcus & Millichap negotiated the sale of 2525 North Clark Street, a mixed-use property in Chicago’s Lincoln Park neighborhood. The asset, which includes 12 multifamily units and three commercial storefronts, sold for $4,415,000.
Kyle Stengle, investment specialist in Marcus & Millichap’s Chicago Downtown office, had the exclusive listing to market the property on behalf of the seller. Mitchell Kiven, also from the firm’s Chicago Downtown office, procured the buyer, The Shiner Group, a Wilmette-based developer and investor.
Totaling 7,851 rentable square feet, the property features a walk-up residential layout above three ground-floor commercial spaces and benefits from high visibility along one of the North Side’s most heavily trafficked corridors. It is surrounded by top-tier retail, dining and cultural destinations, including DePaul University, Lake Michigan and the Lincoln Park Zoo.
