Interra sells $18.7 multi-family property in Lincoln Park

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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.
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