CRE N Illinois

Marcus & Millichap arranges sell of 6-unit apartment building

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One of the leading commercial real estate investment services firm with offices throughout the United States and Canada, Marcus & Millichap, has sold 4952 West Roscoe for $455,000.

One of the leading commercial real estate investment services firm with offices throughout the United States and Canada, Marcus & Millichap, has sold 4952 West Roscoe for $455,000.

The property is A 6-unit apartment located in Chicago, IL, according to Steven D. Weinstock, Vice President / Regional Manager of the firm’s Chicago Oak Brook office.

4952 West Roscoe Street consists of four one-bedroom / one-bathroom units and two two-bedroom / one-bathroom units measuring approximately 750 and 900 square feet respectively. Additionally, there is a two-bedroom / one-bathroom non-conforming garden-unit that currently generates $9,600 in annual income. The property also features an on-site laundry facility and window air-conditioners in each unit.

Andrean Angelov and Ryan D. Engle, investment specialists in Marcus & Millichap’s Chicago Oak Brook office and James Ziegler, investment specialists in Marcus & Millichap’s Chicago O’Hare office had the exclusive listing to market the property on behalf of the seller, a private investor. The buyer, a limited liability company, was also secured and represented by James Ziegler, Ryan D. Engle and Andrean Angelov.