Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of a 6-unit apartment property located at 5663 W. Higgins Ave. in Chicago, according to David G. Bradley, regional manager of the firm’s Chicago Downtown office. The asset sold for $1,300,000.
Kyle A. Stengle, senior vice president investments, in Marcus & Millichap’s Chicago Downtown office, exclusively marketed the property on behalf of the seller.
The newer construction property is comprised of six two- and three-bedroom apartments. The apartments feature granite countertops and hardwood floors throughout, as well as private decks in the rear. The property is located near numerous Chicago Transit Authority (CTA) bus stops and the Jefferson Park Blue Line train stop.
About Marcus & Millichap
With over 1,800 investment sales and financing professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the firm closed over 9,000 transactions in 2017 with a value of approximately $42.2 billion. Marcus & Millichap has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors.