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Southwest side Chicago apartment property sells for $405,000

October 25, 2018
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Marcus & Millichap announced the sale of an eight-unit apartment property located at 7754-7758 S. Kedzie Avenue in Chicago’s Ashburn neighborhood, according to Steven D. Weinstock, regional manager of the firm’s Chicago Oak Brook office. The asset sold for $405,000.

Eric P. Bell and Christopher J. Malay, investment specialists in Marcus & Millichap’s Chicago Oak Brook office, exclusively marketed the property on behalf of the seller, a private investor. The buyer, a limited liability company, was secured and represented by Kyle A. Stengle. an investment specialist in Marcus & Millichap’s Chicago Downtown office.

The property offers a mix of unit types as well as on-site laundry and storage. Recent improvements include a renovated roof and updated water heater. Adding to the marketability of the property is its proximity to transportation including the Wrightwood Metra station and several CTA bus stops.

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