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**Interra Realty Brokers $2.95M Sale of Vintage Six-Unit Apartment Building in Chicago’s Old Town**
Interra Realty has brokered the $2.95 million sale of a six-unit multifamily property located at 1350-1352 N. Cleveland Avenue in Chicago’s Old Town neighborhood. The transaction reflects a strong price of approximately $492,000 per unit.
Brad Feldman, Senior Managing Partner at Interra Realty, represented both the seller, Highland Real Estate Partners, and the buyer, a private investment firm. At the time of sale, the building was fully occupied.
“Generous layouts have become one of the strongest differentiators in today’s multifamily market, and properties like this one with three-bedroom units really stand out,” said Feldman. “Investors know that spacious workforce housing appeals to long-term renters, which was a major factor behind the strong price-per-unit achieved in this sale.”
Originally constructed in 1969, the building consists of six three-bedroom apartments. Located near the bustling Wells Street and North Avenue corridors, residents enjoy convenient access to a variety of dining, shopping, and entertainment options. The property is also within walking distance of the CTA’s Sedgwick station (Brown and Purple lines), as well as multiple bus routes, offering strong connectivity throughout the city.
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