RE JOURNALS: INTERRA REALTY BROKERS $5.8 MILLION SALE OF MIXED-USE APARTMENT BUILDING IN CHICAGO’S RAVENSWOOD

Joe Smazal
Apartments
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Joe Smazal
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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