MultifamilyBiz: Interra Realty Brokers Sale of Three Multifamily Buildings Totaling $2 Million in Chicago’s Marquette Park Neighborhood
Interra co-founder and Managing Principal Jon Morgan, co-founder and Managing Principal David Goss, Managing Partner Ted Stratman, Managing Partner Lucas Fryman and Associate Max Grossman represented both the seller, Ernst Development, and the private buyer in the transaction.
“The seller achieved very strong prices for these properties, demonstrating continued demand for cash-flowing assets with a small value-add component, particularly in this submarket,” said Stratman. “By leveraging our network, we were able to procure a buyer focused solely on Marquette Park, where fewer buildings of this size are available. The buyer’s ability to acquire three of them in a single transaction created additional economies of scale that made the portfolio especially attractive.”
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