Marcus & Millichap Sells 12-Unit Multifamily Property In Chicago For $2.525 Million

A 12-unit multifamily property located at 1634 West Thorndale Avenue in Chicago's Edgewater neighborhood has been sold for $2,525,000. The building encompasses a total of 11,400 square feet, translating to a price per unit of $210,417 and a price per square foot of $221.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,525,000
• Units: 12
• Square Footage: 11,400
• Price Per Unit: $210,417
• Price Per Square Foot: $221

Steve Rachman, Kyle Stengle, and Ben Sacor of Marcus & Millichap represented the seller and successfully sourced the buyer, ensuring the sale closed more than 17% above the asking price.