CHICAGO, IL – Interra Realty has facilitated the sale of two vintage apartment buildings in Chicago’s Lincoln Park neighborhood for more than $13 million combined.

The properties included 611-13 W. Arlington Place, a 23-unit property that sold for $7.325 million, and 567-69 W. Arlington Place, a 14-unit building that sold for $5.7 million. Interra Director Colin O’Malley represented the confidential seller of both properties. Interra Senior Managing Partner Joe Smazal and Director Mark Dykstra represented Hayes Properties, the buyer of 611-13 W. Arlington. The confidential buyer of 567-69 W. Arlington was self-represented.

“This year has seen heightened investor interest for multifamily assets in strong and resilient submarkets like Lincoln Park,” said O’Malley. Built in 1927, 611-13 W. Arlington features three studio, 13 one-bedroom and seven two-bedroom units. 567-69 W. Arlington, constructed in 1907, features 10 two-bedroom, three three-bedroom and one four-bedroom units. The properties are served by multiple bus routes and the CTA’s Red, Brown and Purple lines via the Fullerton station.

Read the complete article at ConnectCRE.

Read more about this transaction at:

REBusiness Online: Interra Realty Brokers Two Sales of Chicago Multifamily Properties for $13M