Marcus & Millichap Arranges $4.03M Sale of Mixed-Use Property in Chicago

CHICAGO, Dec. 17, 2025 - Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of 3060 W. Armitage Ave., a 13-unit mixed-use property in Chicago for $4.03 million.

"The buyer recognized the opportunity to acquire a well-located asset with strong in-place cash flow and clear potential for value creation through light renovations and addressing deferred maintenance," said Steve Rachman, Managing Director Investments. "We remain bullish on the multifamily sector in Chicago, driven by consistent renter demand and a significant slowdown in new development across the city."

Rachman, an investment specialist in Marcus & Millichap's Chicago Downtown office, procured the buyer, a private investor.

Built in 2012, the property features a mix of one- and two-bedroom floor plans and one retail unit across 11,700 rentable square feet. It is situated on .13 acres in Chicago's Logan Square neighborhood.

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About Marcus & Millichap, Inc. (NYSE: MMI)

Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2024, the company had 1,712 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion. For additional information, please visit https://www.MarcusMillichap.com.