Marcus & Millichap Sells Mixed-Use Property In Chicago's Portage Park For $1.8M

Marcus & Millichap has sold a mixed-use property located at 4161 North Milwaukee Avenue in Chicago's Portage Park neighborhood. The 12,100-square-foot building was sold for $1.8 million. It consists of 17 units, offering a per unit price of $105,882. The property also features both residential and commercial spaces, making it a diverse investment opportunity. With a price per square foot of $149, the property represents a valuable asset in the market.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $1,800,000
• Units: 17
• Price per Unit: $105,882
• Square Footage: 12,100
• Price per Square Foot: $149
• Address: 4161 North Milwaukee Avenue
• Market: Chicago

The sale of this property was facilitated by James Ziegler and Keith Zelenika of Marcus & Millichap, who acted as the brokers in the deal. Their expertise and professionalism contributed to the successful transaction. The building was fully occupied and well-maintained, adding to its desirability for potential buyers. This sale represents a significant achievement in the real estate market, demonstrating the continued demand for mixed-use properties in Chicago.