Interra Realty Sells Two Lincoln Square / Ravenswood Apartment Buildings for about $8.5M

Joe Smazal
News
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In separate transactions, Interra Realty sold 2201 West Eastwood Avenue (pictured) and 2107 West Eastwood Avenue.

2201 West Eastwood is a courtyard style, 39 unit apartment building comprised of studio and one bedroom apartments.  The deal closed for $7,150,000.

Managing Partner Joe Smazal represented the sellers, a local private partnership that had owned the building for over 25 years.  Managing Principals David Goss and Jon Morgan represented the buyer, a private local investor.

Smazal also represented the buyer of 2107 West Eastwood Avenue.  The property was a walk-up style, six unit apartment building comprised of spacious one and two bedroom layouts.  The buyer was a local private partnership in a 1031 exchange.  The deal closed for $1,330,000.

Both properties were within walking distance to the Brown Line, Wells Park, and the shops, restaurants, and bars on Lincoln Avenue.