Multifamily N Illinois

Three-unit apartment property sells for $1 million in Chicago

Three-unit apartment property sells for 1 million in Chicago,ph1

Marcus & Millichap closed the sale of a three-unit apartment property located in Chicago, according to David G. Bradley, regional manager of the firm’s Chicago Downtown office. Located in Chicago’s West Town neighborhood, the asset sold for $1,035,000.

Ian Luscombe, an associate, and James Ziegler, a first vice president investments, in Marcus & Millichap’s Chicago Downtown office, exclusively marketed the property on behalf of the seller. The property, built in 1995, is located at 1528 W. Chestnut Street and features large layouts, a fireplace in each unit, one parking space per unit and an on-site laundry facility.