Ravenswood Rarity

2020-36 W. Montrose Avenue is a vintage mixed-use building in a great Ravenswood location. The property has a prominent street presence on Montrose Avenue, with about 200 feet of frontage, and presented a rare value-add opportunity. Interra Realty arranged the sale between repeat client parties on a discrete, off-market basis.   

The Buyer was attracted to the deal as a long-term hold fit in their existing, established portfolio in the submarket. The Seller achieved a premium over their recent acquisition of the property. 

The Property closed at the price and terms agreed to prior to the COVID-19 pandemic.