CRE N Illinois

Mixed-use Lakeview building sells for $3.7 million

Mixed-use Lakeview building sells for $3.7 million,ph1

Marcus & Millichap announced the sale of an 11,100-square-foot mixed-use property located in the Lakeview neighborhood in Chicago, according to Steven D. Weinstock, regional manager of the firm’s Chicago Oak Brook office. The property went from contract to close in 70 days and sold for $3,725,000.

Located at 3211-3215 N. Sheffield Avenue, the property is anchored by Home Run Inn restaurant and has five apartment units. It is just steps away from the CTA Belmont station.Brewster Hague, Austin Weisenbeck and Sean R. Sharko, investment specialists in Marcus & Millichap’s Chicago Oak Brook office, exclusively marketed the property on behalf of the seller, a partnership. The Chicago-based, 1031-exchange buyer was also secured and represented by Hague, Weisenbeck and Sharko.