Marcus & Millichap arranges the sale of a 10,854 SF mixed-use building

June 27, 2014  |  Staff Writer  |  Print Article  |  Email this Article


mmmixedMarcus & Millichap  has arranged the sale of a 10,854 square-foot mixed-use property located in Chicago, IL, according to John M. Przybyla, regional manager of the firm’s Chicago Downtown office. The asset sold for $1,050,000.

Tony Mazur, 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 buyer, Windy City RE LLC, a limited liability company, was secured and represented by Kyle Stengle and Joseph Bergman, investment specialists in Marcus & Millichap’s Chicago Downtown office.

The property is located at 2939 West Belmont Avenue in Chicago, IL and consists of four one-bedroom with den/one-bath and four two-bedrooms with den/one-bath units measuring approximately 800 and 1,000 square feet respectively.

Additionally, there are two retail spaces located on the first floor which consist of approximately 1,500 square feet each, one holds a small self-contained studio in the back. The property also features an on-site laundry facility, plenty of ample storage space for each unit, parking in the back of the building for five cars, and a very well maintained award winning garden for resident use.

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