Property Overview

Parking Money in Norwood Park

Interra Realty was engaged to market the sale of 6047 N. Northwest Highway in Norwood Park, located across the street from the neighborhood's Metra train station. This property had been owned and well-maintained by the same owner for nearly 25 years. The seller was moving out-of-state and decided the timing was right to sell.

Interra’s proactive marketing campaign resulted in multiple competitive offers within a 60-day marketing period. Ultimately a local, private investment group purchased the property and successfully executed a 1031 exchange in the process. The buyer was drawn to the stable location with future rent and appreciation potential.

Key Details

Transaction Date
2020
Number of Units
11
Year Built
1971