CHICAGO, IL – Interra Realty brokered the sale of two multifamily properties, each with nine units, in the Montclare neighborhood on Chicago’s Northwest Side – 3145 N. Nordica Ave. for $1.375 million, or $152,777 per unit; and 3037-39 N. Harlem Ave. for $1.33 million, or $147,777 per unit.

The 3145 N. Nordica building closed at full price and represented the highest price-per-unit for vintage apartment buildings in the city’s Montclare neighborhood in the last nine years, according to CoStar data.

Interra Managing Partner Patrick Kennelly, Managing Director Paul Waterloo and Associate Nathan Zito represented the seller of both properties, a local partnership that owned 3145 N. Nordica for more than 30 years and 3037-39 N. Harlem for 50 years. The same Interra team procured the buyer of 3037-39 N. Harlem, a local investor, while Beco Kalamperovic of Dream Town Real Estate represented the buyer of 3145 N. Nordica.

Read the complete article at RE Journals

See additional articles on this transaction at:

YieldPro: Interra Realty Brokers $2.7 Million Sale of 2 Multifamily Properties on Chicago’s Montclare Neighborhood

ConnectCRE: Vintage Chicago MF Properties Fetch High Per-Unit Price

REBusiness Online: Interra Realty Negotiates Sales of Two Chicago Multifamily Properties Totaling $2.7M