Property Overview

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.

Key Details

TRANSACTION DATE
2021
BUILDING SIZE
14,851 SF
NUMBER OF UNITS
16
YEAR BUILT
1926
SUBMARKET
Marquette Park