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Chicago & Midwest  + North Side  + Apartments  | 

Wicker Park Property Trades for Apt. Redevelopment

Marcus & Millichap arranged the sale of an apartment property located in Chicago’s Wicker Park neighborhood. The asset sold for $1,910,000; the buyer and seller were not disclosed.

Kyle A. Stengle, SVP investments, and associate Ryan Wewerka handled the transaction. Both are in the Marcus & Millichap’s Chicago downtown office.

The property, located at 1645 W. Le Moyne St., will be developed by the new owner into 16 apartments featuring 12- and 14-foot ceilings, with parking in the basement. Previously-zoned RT-4, the zoning was changed to RM-5.5 before the sale closed.

Future tenants will have convenient access to several Chicago Transit Authority bus stops, as well as the Damen 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 16-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 7-10 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).

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