Marcus & Millichap Arranges Sale Of 23-Unit Apartment Building
CHICAGO, IL, July 15, 2021 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of 2865 W. Shakespeare Ave, a 23-unit apartment property located in Chicago's Logan Square neighborhood, according to Joe Powers, regional manager of the firm’s Chicago Downtown office. The asset sold for $5,350,000.
James Ziegler and Kyle A. Stengle, investment specialists in Marcus & Millichap’s Chicago Downtown office, had the exclusive listing to market the property on behalf of the seller, JAB Real Estate. The buyer, a limited liability company, was secured and represented by James Ziegler and Kyle A. Stengle,
2865 W Shakespeare Avenue was 100 percent occupied and leased at the time of sale. The property had benefited from many updates including new kitchens and bathrooms.
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About Marcus & Millichap (NYSE: MMI)
With over 2,000 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 8,954 transactions in 2020 with a value of approximately $43 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. To learn more, please visit: www.MarcusMillichap.com.