MultifamilyBiz: Interra Realty Brokers $1.45 Million Sale of Apartment Building in Chicago’s Western Suburb of Oak Park
Interra Realty Senior Managing Partner Joe Smazal, Managing Partner Pat Kennelly and Director Paul Waterloo were exclusively engaged by the private seller to market the property. Smazal, Kennelly and Waterloo also represented the private buyer, who acquired the property through a 1031 exchange.
“This well-maintained, professionally managed asset in one of Chicago’s most popular inner-ring suburbs attracted multiple offers from our deep pool of qualified buyers looking in the area,” said Kennelly. “As investors seek stability in these tougher economic times, middle-market multifamily is proving to be a popular choice. As a result, we continue to see healthy transaction activity throughout Chicago and the suburbs.”
Read article: MultifamilyBiz