Multifamily N Illinois

Marcus & Millichap facilitates sale of Chicago apartment building

Marcus & Millichap facilitates sale of Chicago apartment building,ph1

Marcus & Millichap announced the sale of an 18-unit apartment property located in Chicago’s Washington Heights neighborhood, according to David G. Bradley, regional manager of the firm’s Chicago Downtown office. The asset sold for $570,000 in a lender-directed short sale.

Anthony Hardy, a senior associate, and Thomas Heitzman, an associate, in Marcus & Millichap’s Chicago Downtown office, exclusively marketed the property on behalf of the seller and also represented the buyer.

The property is located at 9355 S. Laflin Street in a quiet residential area of Chicago. The three-story building was built in 1927 and is comprised of five studio units, seven one-bedroom/one-bathroom units and six two-bedroom/one-bathroom units. The property is conveniently located within walking distance to public transportation and has easy access to Interstate 94 and Interstate 57 along with Midway International Airport located just eight miles away.