
Marcus & Millichap Brokers Deal for Landmarked Streeterville Apartments
Marcus & Millichap brokered the $10.5-million sale of 227 E. Walton, a landmarked 25-unit multifamily property in Chicago’s Streeterville neighborhood.
Kyle Stengle, senior managing director investments in Marcus & Millichap’s Chicago Downtown office, along with Sean Sharko and Austin Weisenbeck, senior managing directors investments in the firm’s Chicago Oak Brook office, represented the seller, Brad Management, which previously worked with the same brokerage team to acquire the property in 2018 through a condo deconversion. The new owner is Altitude Capital Partners.
“Even in the midst of interest rate uncertainties, this deal illustrates the high demand for well-located assets, especially in core downtown neighborhoods like Streeterville,” said Stengle, whose team procured multiple offers and closed at the initial contract price.
Designed by noted Chicago architect Harry Weese, 227 E. Walton was completed in 1956 and designated a Chicago landmark in 2012.
- ◦Sale/Acquisition