In The News | Interra Realty brokers three multifamily sales in Chicago for over $10 million

Joe Smazal
Patrick Kennelly
Paul Waterloo

Chicago-based Interra Realty brokered three apartment building sales in the Chicago area totaling $10.1 million. The transactions include properties in the suburb of Evanston and North Side city neighborhoods.

“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 Realty. “Deconversions also remain popular, as they present investors an opportunity for a quick turnaround to capitalize on rent growth.”

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