Interra Realty Brokers Sale of $6.65 Million Portfolio in Chicago’s South Shore Neighborhood
Interra Realty, a Chicago-based commercial real estate investment services firm, today announced it brokered the sale of 6901 S. Paxton Ave., a three-story, 50-unit building in the Jackson Park Highlands submarket of Chicago’s South Shore neighborhood, and 6949 S. Paxton Ave., a four-story, 29-unit building located on the same block. The recently renovated properties sold together for $6.65 million, or $84,172 per unit, in an off-market transaction.
Interra Director Lucas Fryman represented the confidential seller and buyer, both from coastal cities. Each is a repeat client of Fryman, who has represented the buyer in a total of four South Shore property sales. Fryman also originally represented the seller in the purchase of 6901 S. Paxton.