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