RE Journals: Interra Realty Negotiates $5.925 Million Sale of Multifamily Portfolio in Chicago’s Washington Park
CHICAGO, IL – Interra Realty brokered the $5.925 million sale of a five-building, 67-unit multifamily portfolio comprising 359 E. 55th Place and 6043, 6152, 6201 and 6235 S. King Drive, along with a vacant lot at 6131 S. King Drive, all in Chicago’s Washington Park neighborhood. The price per unit was $88,432.
Interra Managing Partner Ted Stratman, Senior Managing Partner Brad Feldman and Director Jeremy Morton represented the seller, GR82B Properties LLC, as well as the confidential buyer. Interra ran a proactive marketing campaign, conducting more than 10 property tours and attracting multiple offers, before ultimately garnering one of the higher prices per unit for a portfolio of this size and location.
Read more at: RE Journals
See additional articles on this deal below:
ConnectCRE: Washington Park Portfolio Trades at High Per-Unit Price
REBusiness Online: Interra Realty Negotiates $5.9M Sale of Multifamily Portfolio in Chicago