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.