Interra Senior Managing Partner Joe Smazal represented both the private seller and private buyer in the transaction. The building was 95% occupied at the time of closing.

“Investor demand for stabilized assets in North Side submarkets like West Rogers Park is strong because rents in these areas have been slower to rise, making them an attractive option for renters and leaving room for future price appreciation,” said Smazal. “6415-25 N. Richmond is a well-maintained building that had been owned by the seller for 25 years. We marketed the property to our extensive network of buyers and received multiple offers.”

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