Interra brokers three multifamily deals totaling $5.5 million in Edgewater, Rogers Park
Chicago-based Interra Realty has brokered three multifamily transactions totaling $5.5 million in Chicago’s Edgewater and Rogers Park neighborhoods. The properties, located at 5547 N. Lakewood Avenue, 1619 W. Lunt Avenue and 7423 N. Rogers Avenue, were fully occupied at closing and marketed by Interra as value-add investments.
“Multifamily investors in search of higher yields continue to seek out opportunities on Chicago’s North Side,” said Craig Martin, managing partner at Interra. “While the influx of capital to neighborhoods like Edgewater and Rogers Park is well underway, there are still plenty of older buildings in need of renovation, making it possible for buyers to substantially increase net operating income.”
Read article: RE Journals