Multifamily N Illinois

Marcus and Millichap sells two mixed-use properties in Wicker Park, Rogers Park

Mixed-use property sells in Wicker Park,ph1
1909 W. Division Street, in Chicago’s Wicker Park neighborhood.

Marcus & Millichap recently closed on two separate mixed-use property sales in Chicago. One, located  in the city’s Wicker Park neighborhood, went from contract to close in 71 days and sold for $1,175,000. The other, located in Rogers Park, sold for $6,200,000.

Austin Weisenbeck, senior vice president investments, and Sean R. Sharko, senior vice president investments, in Marcus & Millichap’s Chicago Oak Brook office, exclusively marketed 1909 W. Division Street on behalf of the seller. The 5,200-square-foot building is comprised of one retail unit and two apartment units.

C. Parker Bell and Kyle A. Stengle, multifamily investment specialists in Marcus & Millichap’s Chicago Downtown office, had the exclusive listing to market 1364 W. Estes Avenue on behalf of the seller and also sourced the buyer. The property consists of 40 one-bedroom/one-bathroom units, three two-bedroom/one-bathroom units and six commercial spaces. The building is near Loyola University and is a short walk to the beach.

“The size and desirable location of this property led to a high level of interest and multiple competing offers,” said Bell.

 

 

 

Marcus and Millichap sells two mixed-use properties in Wicker Park, Rogers ,ph02
1364 W. Estes Avenue, in Chicago’s Rogers Park neighborhood.