CHICAGO, IL – Interra Realty, a Chicago-based commercial real estate investment services firm, today announced it negotiated the $2.23 million sale of a two-building multifamily portfolio in Chicago’s Pilsen neighborhood. The properties, which were acquired by separate buyers, included a six-unit building at 1924 S. Loomis St. and a seven-unit building at 2214 W. 18th Place. The average price per unit was $171,538.

Interra Director Jeremy Morton was engaged to sell the buildings by the private local owner, who purchased them more than 20 years ago. Interra launched a three-month, full-scale marketing campaign resulting in more than 20 tours and accepted offers near list price. The confidential buyer of 2214 W. 18th Place, also represented by Morton, plans to modernize the apartments and add in-unit laundry. The private buyer of 1924 S. Loomis, represented by Interra Director Harrison Pinkus, also intends to install in-unit washers/dryers.

Read the full article: RE Journals

See additional articles on this deal below:

Yield Pro: Interra Realty brokers $2.23 million sale of two-building multifamily portfolio in Chicago’s Pilsen Neighborhood

ConnectCRE: Pilsen Portfolio Trades to Two Separate Buyers