RE JOURNALS: INTERRA REALTY BROKERS $5.8 MILLION SALE OF MIXED-USE APARTMENT BUILDING IN CHICAGO’S RAVENSWOOD
Chicago, IL – Interra Realty, a Chicago-based commercial real estate investment services firm, brokered the sale of a 27-unit multifamily property in Chicago’s Ravenswood neighborhood. The building sold for $5.846 million, equating to $216,518 per unit.
Interra Senior Managing Principal Joe Smazal represented the private local seller. Smazal also represented the buyer, a local private investor. This marks the first time that the building has sold in over 50 years.
Read the full article at REJournals
See additional articles on this transaction:
ConnectCRE: Ravenswood Apartments Change Hands After 50-Year Hold
REBusiness Online: Interra Realty Brokers $5.8M Sale of Multifamily Property in Chicago’s Ravenswood Neighborhood
YieldPro: Interra Realty Brokers $5.8 Million Sale of Mixed-Use Apartment Building in Chicago’s Ravenswood Neighborhood