Interra Realty Brokers $10.6M Sale of Apartment Property in Chicago’s Lincoln Park

Jeremy Morton
Joe Smazal
Ted Stratman
Jeremy Morton
Joe Smazal
Multifamily
News
Ted Stratman
Transactions

Interra Realty has brokered the sale of 1540 Fullerton in Chicago’s Lincoln Park neighborhood for $10.6 million. The four-story, 25-unit apartment property is located at 1540 W. Fullerton Ave. Completed in 2015, the fully leased asset includes 12 two-bedroom units, 12 three-bedroom units and one commercial space. Joe Smazal of Interra represented the private seller while Jeremy Morton and Ted Stratman of Interra represented the undisclosed buyer. At $425,400 per unit, the sale was the largest multifamily sale in Lincoln Park so far this year, according to CoStar data.

Read article: RE Business Online