MultifamilyBiz: Interra Realty Brokers $17 Million Deconversion Sale of 91-Unit Multifamily Building Near Northwestern University in Evanston

David Goss
Jon Morgan
Patrick Kennelly
Paul Waterloo
David Goss
Deconversion
Jon Morgan
Multifamily
Patrick Kennelly
Paul Waterloo
Transactions

Interra Managing Partner Pat Kennelly and Director Paul Waterloo helped the building’s condo association navigate the often-complex deconversion process – through which a single buyer purchases all condo units and reverts them to rentals – and secured several written offers. The buyer, Chicago-based North Park Ventures LLC, was represented by Interra co-founders and principals David Goss and Jon Morgan. 

Built in 1939 and most recently renovated in 2001, 2730-66 Hampton Parkway is a courtyard building that includes 29 two-bedroom and 62 one-bedroom units. Residences, which were 75% occupied at the time of sale, have hardwood flooring and updated kitchens with stainless steel appliances. Residents also have access to on-site laundry and a surface parking lot.

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