Connect Chicago: Interra Brokers Off-Market Deal in Ravenswood
The property includes 22 apartments over nine street-level retail spaces. Senior managing partner Joe Smazal represented the undisclosed seller and buyer.
“Ravenswood is a submarket with low sale velocity and longer hold periods, and value-add deals of this size are rare,” said Smazal. “Attesting to the strength of well-located multifamily in Chicago, we arranged an off-market sale and saw the deal through to closing despite the COVID-19 pandemic.”
Read article: Connect Chicago