Sedgwick Properties LLC Acquires Multifamily Property In Chicago For $2.5 Million

The transaction involved an eight-unit multifamily property located at 1503 North Wieland Street in the market of Chicago, IL. The property spans 5,310 square feet and was originally built in 1899. The property was sold for a total transaction amount of $2,500,000, translating to a price per unit of $312,500 and a price per square foot of $471.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,500,000
• Units: 8
• Square Footage: 5,310
• Price Per Unit: $312,500
• Price Per Square Foot: $471
• Buyer: Sedgwick Properties LLC
• Seller: 1503 North Weiland Street (Chicago) LLC
• Broker: Kyle Stengle - Marcus & Millichap

Kyle Stengle of Marcus & Millichap represented both sides in this transaction, facilitating the sale between Sedgwick Properties LLC and 1503 North Weiland Street (Chicago) LLC, ensuring a smooth process in the deal.