Marcus & Millichap has arranged the sale of a mixed-use property at 5655 West Fullerton Avenue in Chicago’s Belmont Cragin neighborhood. The asset combines multifamily and street-level retail, with a total of 24 apartment units situated above four retail suites. Both the seller and the buyer were described as private investors, and Marcus & Millichap held the exclusive listing to market the property and sourced the purchaser.
Sam Antreasian, director of investments with Marcus & Millichap, highlighted Belmont Cragin’s ongoing appeal to investors, citing the neighborhood’s transportation connectivity. The property benefits from convenient access to Interstate 94 and proximity to the Hanson Park Metra Station, which is located about a half-mile away. In addition, the site is approximately 10 miles from downtown Chicago, providing residents and tenants with a direct link to the city’s core employment and entertainment centers.
The Marcus & Millichap team overseeing the assignment operated out of the firm’s Chicago Oak Brook office. Investment specialists Antreasian, Ryan D. Engle and Andrean Angelov were responsible for marketing the property on behalf of the seller. Their mandate included positioning the asset’s combination of renovated apartments and ground-floor retail space to attract private investor interest, ultimately resulting in a completed transaction with another private buyer.
Originally constructed in 1970, the building totals 14,050 square feet. The residential component consists of a mix of studio, one-bedroom and two-bedroom apartments, reflecting a range of unit sizes intended to serve different renter profiles within the neighborhood. Seventeen of the 24 apartments have been renovated within the past five years, including upgrades to a penthouse unit that received a higher-end renovation and features a private outdoor deck.
The retail suites at the base of the property provide additional income streams alongside the multifamily portion, though specific tenant information and square footage allocations were not disclosed. The combination of updated residential interiors, a renovated penthouse with outdoor space, and a location near commuter rail and major roadway access positions the property as a stabilized mixed-use asset within a Chicago neighborhood that has continued to draw investor attention. While financial terms of the sale were not made public, the transaction underscores ongoing activity in smaller-scale mixed-use investment product in Belmont Cragin.
