CHICAGO, IL – Interra Realty brokered the sale of two multifamily properties in Chicago. The 24-unit 4954 N. Christiana Ave. in the Albany Park neighborhood sold for $4.5 million, and the 10-unit 4321-23 N. Tripp Ave. in the Old Irving Park neighborhood traded for $2.2 million.

Interra Managing Partner Craig Martin represented the seller, HP Ventures Group, in both transactions. Martin also represented the buyers: Eloy Burciaga, who purchased 4954 N. Christiana, and John Krumsee, who acquired 4321-23 N. Tripp. Both properties were fully occupied at the time of sale.

“Chicago’s multifamily market is very active at the moment, especially among local investors looking for high-quality, stabilized assets with no deferred maintenance,” said Martin. “Despite only being on the market for a couple of weeks, these properties generated nearly 60 tours and 15 competitive offers.”

Read the complete article at ConnectCRE.