Marcus & Millichap Sells MultiFamily On 1620 N Honore St In Chicago For $1.05M

The three-unit apartment property located at 1620 N Honore St in Chicago, IL, 60622, was recently sold for $1,047,000. The property features a luxury owner’s unit, a fully renovated 2,300-square-foot duplex up, which was a key attraction for the buyer. The purchaser, a partnership represented by Steve Rachman from Marcus & Millichap, found the property appealing due to its unique characteristics.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $1,050,000.00
• Buyer: Partnership
• Buyer's Representative: Stephen "Steve" Rachman - Marcus & Millichap
• Market: Chicago
• Additional Info: The principal investor, based in Iowa, was instrumental in the transaction, showcasing Marcus & Millichap’s ability to attract capital from out of state.

Joe Powers, the regional manager of Marcus & Millichap’s Chicago Downtown office, oversaw the sale of the property at 1620 N. Honore Street. The buyer, represented by Steve Rachman, found the luxury owner’s unit to be a compelling feature. This successful transaction exemplifies the strong brokerage capabilities of Marcus & Millichap in facilitating deals that draw interest from a diverse range of investors.