Interra sells $18.7 multi-family property in Lincoln Park


Interra Realty brokered the sale of a trophy, multi-family property in Chicago’s Lincoln Park neighborhood for $18.7 million, the company announced.

Joe Smazal, managing partner at Interra, represented Newcastle Limited the firm that acquired the property. The seller, a family that has owned the property since it was first built in 1917, was repped by Cagan Management Group.

The 48-unit apartment building is located at 325 W. Fullerton Pkwy. Newcastle plans to add amenities and make in-unit renovations.
Read more at: BISNOW or REJournals