Marcus & Millichap Real Estate Investment Brokerage Co. brokered the sale of an 88-unit apartment property in Chicago, the company said this week.

 

DeWitt Place apartments sold for $10.75 million, representing a price of $122,159 per unit and $284 per square foot, the company said.

 

The property, built in 1924, is located at 900 N. DeWitt Place, and features 37,840 rentable square feet. The 88 units are comprised of 48 unfurnished studios, 35 furnished studios, four one-bedroom/one-bath units and one penthouse.

 

The 11-story mid-rise building has amenities including a controlled entry system, management office, available maid service, laundry facility, bike storage and a rooftop deck with city views.

 

Marcus & Millichap vice president/investments Eric Bell teamed with Shaun Buss to represent the seller in the transaction. Bell and Michael Marks secured the buyer.

 

Encino, Calif.-based Marcus & Millichap is a commercial real estate brokerage focused exclusively on real estate investments.

***

What’s your opinion? Send your Letter to the Editor to opinion@inman.com.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Limited time: Get 30 days of Inman Select for $5.SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription