Marcus & Millichap Brokers $11.7M Multifamily Sale In Chicago

Located in Chicago, the multifamily property at 904 & 909 W. Montana Street was recently sold in a closed transaction. The sale was facilitated by brokers Kyle A. Stengle and Steve Rachman of Marcus & Millichap. The property consists of 31 units and was sold for a total price of $11,700,000. With a price per unit (PPU) of $377,419, this transaction marks a significant investment in the Chicago market.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $11,700,000
• Date: 12/29/2020
• Address: 904 & 909 W. Montana Street
• Market: Chicago
• Brokers: Kyle A. Stengle & Steve Rachman - Marcus & Millichap
• Units: 31
• PPU: $377,419

With the guidance of brokers Kyle A. Stengle and Steve Rachman from Marcus & Millichap, the successful sale of the multifamily property at 904 & 909 W. Montana Street demonstrates their expertise in the Chicago market. This closed transaction represents a significant investment opportunity, further solidifying their reputation as key players in the real estate industry.