Connect Chicago: Portfolio Trades for $18M in “Low-Velocity” Kenwood Market
Interra Realty brokered the $17.975-million sale of a six-building multifamily portfolio in the South Side’s Kenwood neighborhood. The portfolio includes 4001 S. Ellis Ave., 4433 S. Greenwood Ave., 4737 S. Ingleside Ave., 4746 S. Ingleside Ave., 4500 S. Drexel Blvd. and 811 E. 46th St.
Interra’s David Goss, Jon Morgan, Ted Stratman and Lucas Fryman represented both the seller, Wolcott Group, and the undisclosed buyer. The buyer plans to upgrade units as they turn over and lease additional units that were previously offline.
Read article: Connect Chicago