REBusinessOnline

MARCUS & MILLICHAP ARRANGES $1.78 MILLION SALE OF MIXED-USE BUILDING

CHICAGO — Marcus & Millichap has arranged the sale of a 4,950-square-foot mixed-use building located in the Wicker Park/Bucktown neighborhood of Chicago. The vintage brick four-unit property houses three apartments above a ground-level retail space that has been extensively rehabbed. The building was acquired by an undisclosed buyer for approximately $1.78 million with a 6.8 percent cap rate. Evan Halkias and Michael Marks in the Downtown Chicago office of Marcus & Millichap represented the undisclosed seller; Shaun Buss and Sean Lyons, also in the Downtown Chicago office Marcus & Millichap, represented the buyer in the transaction.

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