Steve Rachman Of Marcus & Millichap Represents Buyer In $4.03M Sale Of Mixed-Use Property In Chicago

The property asset involved in this transaction is a mixed-use property located at 3060 West Armitage Avenue in Chicago's Logan Square. The asset encompasses a total of 11,700 square feet, featuring 13 units comprised of 12 residential units and one retail space. The transaction was completed at a sale price of $4,030,000, which reflects a price per unit of $310,000. The parcel of land associated with the property is 0.13 acres in size.

Summary of transation details:

• Property Type: Mixed-use
• Transaction Amount: $4,030,000
• Address: 3060 West Armitage Avenue
• Market: Chicago
• Units: 13
• Price Per Unit: $310,000
• Acres: 0.13
• Broker: Steve Rachman - Marcus & Millichap
• Buyer: Private investor

In this transaction, Steve Rachman from Marcus & Millichap’s Chicago Downtown office represented the buyer, facilitating the acquisition for the private investor. The firm specializes in commercial real estate transactions, bringing expertise to this mixed-use property sale.