Interra Realty brokered the $1.1-million sale of 3316-3322 W. 67th St., a 16 – unit apartment community in Chicago’s Marquette Park neighborhood. The property, which had been owned by the same owner for over 30+ years, sold at a price per unit of $68,750
Managing partner, Lucas Fryman, and associate, Sam Gutierrez represented the private seller. The buyer was attracted to the level of care the property had received over the seller’s 30+ years of ownership, as well as the potential to increase rents through in-unit and common space modernization. The buyer was in a 1031 Exchange.
This sale marks the 11th Interra transaction in the Marquette Park neighborhood since the start of 2020.