ConnectCRE: Mixed-Use Trio Sells on Chicago’s West Side

Jeremy Morton
Ted Stratman
Deal Stories
Jeremy Morton
Ted Stratman

CHICAGO, IL – Interra Realty brokered the $1.41-million off-market sale of a three-building, 18-unit mixed-use portfolio on Chicago’s West Side. The portfolio included 5329 W. North Ave., a 10-unit apartment building with two ground-floor retail spaces in Chicago’s Austin neighborhood; 550 N. Avers Ave., a four-unit rental community in East Garfield Park; and 3908 W. Ferdinand St., a four-unit property also in East Garfield Park.   

Managing partner Ted Stratman and director Jeremy Morton represented the seller, Chicago-based investment and management group Ocean World Ventures, as well as the confidential buyer, a long-term client of Stratman’s. The three properties were recently renovated and presented the purchaser with an opportunity to add to its existing portfolio in the immediate area.  

Read the full article: ConnectCRE

See additional articles on this deal below:

REJournals: Interra Realty brokers $1.41 million sale of mixed-use portfolio on Chicago’s West Side

Chicago Business Journal: A three-building multifamily portfolio in Chicago has been sold