January 4, 2021
Marcus & Millichap completed the sale of 31 apartment units at DUET in the North Side’s Lincoln Park neighborhood. The asset sold for $11,700,000.
Kyle A. Stengle and Steve Rachman, investment specialists in Marcus & Millichap’s Chicago Downtown office, marketed the property on behalf of the seller, a local partnership. The buyer, who was in a 1031 exchange, was also secured by Stengle and Rachman.
Constructed in 2018, DUET is located at 904 and 909 W. Montana St. in Chicago. The property was vertically subdivided prior to closing, with the buyer purchasing only the residential portion and the seller continuing to own the commercial portion.
For comments, questions or concerns, please contact Paul Bubny