**Marcus & Millichap Brokers $7.925M Sale of 38-Unit Portfolio in Chicago’s Noble Square**
Marcus & Millichap has successfully completed the sale of a 38-unit, six-property multifamily portfolio located in Chicago’s Noble Square neighborhood. The portfolio sold for a total of $7.925 million.
The properties involved in the transaction are located at:
– 1516 N. Greenview Ave.
– 1452 N. Greenview Ave.
– 1350 N. Greenview Ave.
– 1302 N. Cleaver St.
– 1362 W. Crystal St.
– 1049 N. Marshfield Ave.
Tyler Preissing and James Ziegler, investment specialists from Marcus & Millichap’s Chicago Downtown office, represented the seller, a private investor, and also secured the buyer, a local investment group.
“The portfolio offering drew strong interest and was under contract within a month of hitting the market, which speaks to the continued demand for well-located multifamily assets in Chicago,” said Preissing. “The buyer saw immediate value and plans to renovate the remaining un-updated units while continuing operations.”
The portfolio includes a mix of one-, two-, and three-bedroom units, with many units having recently undergone renovations.
