Marcus & Millichap closed the sale of a six-unit apartment in the West Side’s North Lawndale neighborhood. The asset sold for $501,000.
Eric P. Bell, senior managing director and investment specialist in Marcus & Millichap’s Chicago Oak Brook office, marketed the property on behalf of the seller, a private investor. The buyer, also a private investor, was secured by Bell as well.
The property is located at 1641 S California Ave., close to major highways and public transportation. It has a strong unit mix and has tenant-paid utilities.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism.
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