Connect CRE: Lincoln Park Sale Reaches High Pricing Point
Interra Realty brokered the $5.78-million sale of 1513-17 W. Diversey Parkway, a 12-unit luxury apartment building in Lincoln Park. The price per unit was $481,250, reportedly the highest in the submarket in four years.
Director Jeremy Morton and managing partner Ted Stratman represented the seller, a private local real estate developer, using a virtual tour and marketing campaign that attracted multiple offers. The winning buyer was a private investor from California who purchased the property in a 1031 exchange.
Read article: Connect CRE