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CHICAGO — Millennium Properties has completed the $1 million sale of a 4.6-acre residential development site in the Little Italy/UIC neighborhood of Chicago. The property, which is located at 2500 W. Roosevelt Road, is a partially completed residential development known as Metro Place. A venture led by Daniel McLean, president and CEO of MCL Cos., developed the first phase of the project between 2006 and 2009. The first phase included 17 single-family homes and a six-unit condo building. The new owner, Eco Development Inc., intends to complete the remaining two phases, adding 14 single-family homes, 59 townhomes and nine six-flat condo buildings.