Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of 700 East 81st Street and 8055 South Langley Avenue, according to David G. Bradley, regional manager of the firm’s Chicago Downtown office. The assets, which have a combined total of 25 units, were sold together for $1,100,000.
James Ziegler, a first vice president investments, and KJ Zelenika, an associate, in Marcus & Millichap’s Chicago Downtown office, had the exclusive listing to market the properties on behalf of the seller. The pair also represented the buyer in the transaction.
The properties are located in the Chatham neighborhood of Chicago, just blocks away from the major retail and shopping corridor on 79th Street. Residents enjoy restaurants and shopping centers within walking distance as well as easy access to the greater Chicagoland area via nearby interstates and public transportation.
About Marcus & Millichap
With nearly 2000 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 9,472 transactions in 2018 with a value of approximately $46.4 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.