MultifamilyBiz: Interra Realty Brokers $2.2 Million Sale of Boutique Mixed-Use Apartment Building in Chicago’s Tri-Taylor Neighborhood
Interra Director Jeremy Morton and Managing Partner Ted Stratman represented both the private seller and private buyer.
“Not many buildings trade hands in this area, but with the Illinois Medical District and University of Illinois at Chicago located just east of the property and Pilsen to the south, it’s poised for continued growth,” said Morton. “The buyer was attracted to the building’s condo-quality construction and the location’s potential appreciation, as well as the opportunity to achieve higher rents by eventually updating kitchens and baths.”
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