Chicago & Midwest + North Side + Apartments | February 6, 2019

Jefferson Park Apartment Deal Closed by Marcus & Millichap

Marcus & Millichap has finalized the sale of a six-unit apartment property in Chicago’s Jefferson Park neighborhood. Located at 5663 W. Higgins Ave., the property sold for $1.3 million to an unidentified buyer.

Kyle A. Stengle, SVP investments in Marcus & Millichap’s Chicago Downtown office, exclusively marketed the property on behalf of the seller.

The newer-construction property contains six two and three-bedroom apartments. All units feature granite countertops and hardwood floors throughout, along with private decks in the rear. The property is located near numerous Chicago Transit Authority bus stops, and the Jefferson Park Blue Line train stop.

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About Paul Bubny

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. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).