Interra Realty has brokered the $5.75-million sale of 5022-30 N. Winthrop Ave., a three-story, 32-unit courtyard apartment building in Chicago’s Uptown neighborhood. The sale price averages $179,688 per unit.

Brad Feldman and Adam Saxon represented buyer 5022 North Winthrop LLC, which bought the vintage building as part of a 1031 exchange. Inetrra’s Joe Smazal represented sellers 1425 West Chase Associates LLC, and 3030 Princeton Associates LLC.

“While 1031 exchanges can be tricky, we guided the process by quickly identifying this stable, income-generating building as the ideal replacement property for the buyer,” said Feldman. “The seller received a solid price for a vintage building in an up-and-coming market.”

The property was built in 1916 and features all two-bedroom, one-bath units. “Uptown has experienced both new development and redevelopment of existing buildings, appealing to investors and renters alike because of its convenient location near public transportation, restaurants and retail,” said Smazal.