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

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SOLD
$1,800,000

Illinois

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Mixed-use12,100 SF
Sold 10/04/2023
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Property Image
SOLD

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

4161 North Milwaukee Avenue

See Similar Deals
Mixed-use12,100 SF
Sold 10/04/2023
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Summary

ILLINOIS
Asset Type:Mixed-use
Price Per Square Foot:$148
Total Square Footage:12,100 SF
Transaction Type:Sale

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.

Players

James Ziegler
14 deals$69.4M volume
BROKER

Keith "KJ" Zelenika
Marcus & Millichap
3 deals$4.3M volume
BROKER

Details

SOLD
IMAGE: Keith Zelenika & James Ziegler DATE: 10/04/2023 ADDRESS: 4161 North Milwaukee Avenue MARKET: Chicago ASSET TYPE: Mixed-use BROKERS: James Ziegler & Keith Zelenika - Marcus & Millichap (@MarcusMillichap_Chicago) SALE PRICE: $1,800,000 UNITS: 17 ~ PPU: $105,882 SF: 12,100 ~ PPSF: $149 NOTE: Marcus & Millichap has sold a 12,100-square-foot mixed-use property in Chicago for $1.8 million. The 17-unit building, located in the Portage Park neighborhood, was fully occupied and well-maintained, featuring both residential and commercial spaces.

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