Interra Realty recently facilitated the sale of two multifamily properties located on Chicago’s North Side for a combined total of $7.325 million.
The first property, a 10-unit apartment building at 4540 N. Ravenswood Ave., sold for $4.25 million, while the second property, a 16-unit rental community at 5408-5414 N. Campbell Ave., sold for $3.075 million in Lincoln Square neighborhood.
Brad Feldman, Interra Senior Managing Partner, represented both the buyer and seller of the Ravenswood property – a local private investor and Vassil Bayraktarov respectively – whom he also represented during their original acquisition in 2021.
Feldman also procured another local private buyer and represented an undisclosed seller during the transaction involving the Campbell Avenue properties.
According to Feldman: “Chicago has long been known as an attractive market for multifamily owners due to its consistent annual rent increases across all types of buildings.” He further stated that these recent sales demonstrate continued interest from investors seeking turnkey or value-add opportunities in desirable areas with strong revenue potential.
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