CHICAGO, IL – Interra Realty brokered the $1.3-million sale of a 13-unit apartment building at 1858 S. Springfield Ave. in the Lawndale neighborhood on Chicago’s West Side. The price per unit was $105,000.

Managing partner Lucas Fryman represented the buyer, a local owner with a portfolio of multifamily properties in the immediate area. The seller, Brilliant Future LLC, was represented by Interra managing partner Ted Stratman.

Built in 1923, 1858 S. Springfield underwent a gut renovation in 2022, including new roofing, porches and windows. The unit mix includes nine two-bedroom and four three-bedroom apartments, which were also upgraded but haven’t been leased yet.

See the complete article at ConnectCRE.