Marcus & Millichap, a real estate firm, recently finalized the sale of 1518-1528 W. 99th Street in Chicago, Illinois. This property consists of 32 apartment units and was sold for $3,692,000 or $115,375 per unit – setting a new record for the highest price per unit sale in Beverly. According to Jack Stanton from Marcus & Millichap’s Stengle Stanton Group who facilitated the transaction: “Investors from outside of Illinois are increasingly seeking higher returns in Chicago and often outbidding local private investors.” The South and Southwest neighborhoods have been particularly popular among these investors as seen by this record-breaking sale.
Stanton acted as the agent representing both parties involved in this deal – with assistance from Steven Weinstock who served as Broker of Record in Illinois. The property is located on 0.46 acres within Beverly suburb and features exclusively two-bedroom units.
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