Interra Realty successfully facilitated the sale of two fully occupied multifamily properties in Chicago. The first property, an eight-unit apartment building located at 5130 S. Greenwood Ave., was sold for $2.92 million in the Hyde Park neighborhood. The second property, a 17-unit rental community at 6251 N. Talman Ave., was sold for $2.21 million in the West Ridge neighborhood.
Senior Managing Partner Brad Feldman of Interra represented both parties involved in the sale of 5130 S. Greenwood – a local private investor as well as seller Barnett Capital – while also procuring the buyer and representing seller LLC along with Associate Kevin Rahmanim for the transaction at 6251 N.Talman.
This successful deal marks a significant achievement with its price per unit reaching $365,000 which is currently unmatched by any other vintage apartment buildings within Hyde Park over five years time frame according to Feldman who added that North Side properties continue to attract strong interest from investors especially those offering potential value-add opportunities.
The article originally published on Connect CRE has been rewritten by our team using active voice and proper grammar and punctuation techniques to make it more SEO friendly without mentioning specific brands or locations such as “Connect”, “Connect CRE”, “Connect LA” or “Connect Texas”.
“}]]
