Interra Realty recently brokered the sales of two North Side apartment properties, and a third property in nearby suburban Evanston. Totaling $10.1 million, “these sales show the appetite for quality multifamily buildings in Chicago—not just in core areas, but near the furthest edge of the city as well as the suburbs,” said Jon Morgan, co-founder and managing principal of Interra.

The two North Side properties were a 23-unit brick apartment building at 3149 N. Springfield Ave. (pictured), which traded for $3.1 million, and a 19-unit property at 7735-57 N. Sheridan Ave., which sold for $2.18 million. Interra managing partner Joe Smazal represented buyer and seller in both deals.

Smazal and colleagues Patrick Kennelly and Paul Waterloo arranged the $4.82-million condominium deconversion sale of 220-240 Asbury Ave. in Evanston. Morgan noted that deconversions remain popular because they represent “an opportunity for a quick turnaround to capitalize on rent growth.”