Yield Pro: Interra Realty brokers $5.2 million sale of vintage rental building in Evanston, Illinois
Interra Realty, a Chicago-based commercial real estate investment services firm, announced the $5.2 million sale of 908 Main St., a 27-unit vintage apartment building in Evanston, Ill., a north suburb of Chicago. The price per unit was $192,600.
Interra Senior Managing Partner Brad Feldman represented seller Robinson Rental, an Evanston-based, family-owned company that has owned the property since the 1980s. Feldman also represented the confidential international buyer, which plans to increase rents to market rate as units turn over.
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