Ready for its Next Act
4848 W. Wrightwood Ave. is a 44 unit vintage courtyard building in the Belmont Cragin neighborhood of Chicago. The seller was a long-term holder ready for retirement. The property was extremely clean and well maintained by the seller, but the units were in vintage apartment condition, providing the buyer a value-add opportunity to modernize. The buyer was attracted to the deal for its long-term potential and favorable unit mix.
The property closed very close to the list price and is a strong comp for the Belmont Cragin neighborhood. Interra Realty represented both parties on the sale.