Thoroughly Modern in Lincoln Park
Interra Realty was exclusively engaged to bring to market 1513-17 W. Diversey Parkway. As a newer construction building originally slated to be sold as condos, the units contain high-end appliances and finishes.
The sellers are a local development company who developed this property, and were ready to bring it to market in early May. Since this was right in the middle of the State of Illinois' stay at home order, Interra broker Jeremy Morton tried a new tactic to entice buyers: a walk through video. Long story short, an out of state buyer came upon the marketing video and was impressed enough with the asset to make an initial offer. The buyer flew to Chicago for a final tour before increasing their offer to get a deal done and satisfy a 1031 Exchange.