Bisnow: This Week’s Chicago Deal Sheet – 3 Marquette Park Properties
Chicago-based Interra Realty brokered the sale of a three-building, 37-unit multifamily portfolio in Chicago’s Marquette Park neighborhood for $2M. The sale price equates to $55K per unit, one of the highest amounts paid on a per-unit basis in the Marquette Park submarket over the past five years, according to CoStar data.
The 1920s-era properties are: 6148 South Sacramento Ave., a 17-unit apartment building; 6155 South Sacramento Ave., a 10-unit apartment building; and 6154 South Richmond St., a 10-unit apartment building. Interra’s Jon Morgan, David Goss, Ted Stratman, Lucas Fryman and Max Grossman represented both the seller, Ernst Development, and the private buyer.
Read article: Bisnow