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Marcus & Millichap Arranges the Sale of a Six-Unit Apartment Building in Chicago, Illinois

October 07, 2021

Chicago, Illinois, October 7, 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 2247 West Thomas Street, a six-unit apartment property located in Chicago, Illinois, according to Joe Powers, regional manager of the firm’s Chicago Downtown office. The asset sold for $1,600,000.

Kyle A. Stengle, an investment specialist in Marcus & Millichap’s Chicago Downtown office, had the exclusive listing to market the property on behalf of the seller, an individual / personal trust. The buyer, a limited liability company, was secured and represented by Kyle A. Stengle.

The subject property is located at 2247 West Thomas Street in Chicago's Ukrainian Village neighborhood. The building was extremely well-maintained, containing a mix of two- and three-bedroom units with individual HVAC and in-unit laundry. Additionally, there were three parking spaces in the rear of the property.

 

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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.

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